of a plan to close 92 stores across the U.S.; the store closed on December 1, 2019. This leaves Macy's as the only anchor left. 2020s On October 20, 2022, WRS Inc. announced that Lakeforest Mall would be demolished by 2024, with a more specific date being announced later in 2023. Unfinalized redevelopment proposal plans include relocating the Lakeforest Transit Center and Park and Ride from alongside Lost Knife Rd. to Russell Ave., townhouses, office buildings, a parking garage near the center of brand new stores, a movie theater, cleaning up the three ponds to have a boardwalk built on top, and among others. On January 4, 2023, it was announced that Macy's would be closed as part of a plan to close 4 stores nationwide, all inside underperforming indoor shopping malls. This will leave the mall with no anchors left. The store is closing on March 18, 2023 via liquidation sales that started on January 9, 2023. On January 17, 2023, at the hearing on the Lakeforest Mall redevelopment plan in City Hall in Gaithersburg, MD, with lack of any open anchor store in the future, Kevin Rogers of WRS Inc. announced that Lakeforest Mall and all its entirety would be closing on March 31, 2023 after 44 years of serving the nearby community. However, it is currently not certain whether the mall would be demolished; should redevelopment plans be rejected, there is a small possibility that the mall building itself could be repurposed. Anchors Current anchor Macy's (2006–2023), after acquiring original tenant Hecht's (1978–2006) Former anchors JCPenney (1978–2019) Sears (1978–2019) Lord & Taylor (1996–2019), replacing original tenant Woodward & Lothrop (1978–1995) Gallery References External links 1978 establishments in Maryland Buildings and structures in Gaithersburg, Maryland Shopping malls established in 1978 Shopping malls in Maryland Defunct shopping malls in the United States Shopping malls in the Washington metropolitan area Tourist attractions in Montgomery County, Maryland Shopping malls disestablished in 2023