Lakeforest Mall opened in 1978 in Gaithersburg, Maryland, with four major anchors: JCPenney, Sears, Hecht’s, and Woodward & Lothrop. It was famous for its indoor ice rink, later replaced by a theater and eventually a food court. Through the ’80s and ’90s it was a community hub, but things shifted as ownership changed multiple times and online shopping grew. By the 2010s, financial trouble hit hard—Simon Property Group defaulted on its mortgage in 2011, and income steadily dropped. In 2017, the m
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