CEO of the Cappelli Organization shared the following at that time: We are extremely pleased for the opportunity to join with SL Green, Aareal Bank Group and Pacific Retail Capital Partners in the redevelopment of The Galleria site. We are happy to connect them with our leasing team regarding the potential to open in one of our other properties in the region, it said. SL Green Realty Corp. is a real estate investment trust (REIT) that is focused primarily on Manhattan commercial properties. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. The plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential site. At deadline, further information on the specifics of the proposal, when plans will be submitted for review to the City of White Plains, as well as occupancy rates and other property information were not available. [4] The west anchor JCPenney closed on April 28, 2001, and was left vacant until September 2003 when Sears moved in. The Galleria, which opened in 1980, encompasses 10 acres in a Qualified Opportunity Zone in Downtown White Plains adjacent to the Metro North transit hub. The Galleria includes prime retailers like H&M, Forever 21, Foot Locker, American Eagle and The Halal Guys. The Galleria has lost both of its major anchor stores, Sears, which has already closed and Macys, which is in the process of holding store closing sales. It's long been said that the mall, a giant block of a building, restricts downtown movement for pedestrians. The Galleria is diagonally across from the site of the two 43-story Ritz-Carlton Residence towers built by developer Louis Cappelli that includes 374 condominiums, a hotel, 70,000 square feet of offices and a 900-car underground garage. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. The company said it has more than $3 billion in retail assets currently under management. Tav1 Development. Those buildings are getting knocked down, Roach said. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . Previous anchors at the Galleria included Abraham & Straus and JCPenney. Together, the two major projects will effectively complete the transformation of the downtown that began as an urban renewal project more than 50 years ago." It opened in the summer of 1980 and was the first of three Gallerias to open in the fall of 1980 around the nation, the others being Sherman Oaks and Fort Lauderdale. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. the people there say they need "more green space" when white plains has a billion parks already. Its anchor stores are Macy's and Sears, which were relocated to the mall from nearby locations on Main Street to replace the original anchor stores. The Galleria was credited with jumpstarting the rebirth of the city, which had been in the midst of an urban renewal effort that cleared-out large portions of the downtown. It counts 2,840 available parking spaces. Empire Stores is a former warehouse complex along the waterfront Brooklyn Bridge Park within the neighborhood of Dumbo, Brooklyn, New York City, in the U.S. state of New York.It hosts a food hall and market operated by Time Out New York, which opened in 2019, as well as an art gallery called Gallery 55. They wanted to get Sears out for a while, and now Macys.. Brian Callen Coming to the Hudson Valley For Three Days, Repulsive Conditions Reported at New York Rest Stop, New Businesses & Construction Bring Life to Dying Wappingers Shopping Plaza. Martin Luther King Blvd. It holds interests in 64 buildings totaling 34.4 million square feet. It currently has more than 20 million square feet in its development and construction pipeline. Pacific Retail Capital officials said it plans to close a portion of the mall early next year in connection with its redevelopment plans that many observers believe will be tilted heavily toward residential use. Pacific Retail Capital officials said they plan to close a portion of the mall early next year in connection with its redevelopment plans that many observers believe will be tilted heavily towards residential use. The Galleria was credited with jumpstarting the rebirth of the city, which had been in the midst of an urban renewal effort that cleared-out large portions of the downtown. 287 684 95 87 BOULEVARD. Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. 100 MAIN STREETWHITE PLAINS, NY 10601MAP IT, GUEST SERVICES: 914.682.0111SECURITY: 914.682.0111, on Pacific Retail Capital Partners and Aareal Bank Group Form a Joint-Venture with SL Green Realty Corp. & The Cappelli Organization to reshape the future of White Plains, on BREAKING NEWS: White Plains Galleria may soon be making way for major development project, on Macys sells White Plains store to Galleria owner for $27 million, to remain open, on Galleria: New owner may add new uses, events, Pacific Retail Capital Partners and Aareal Bank Group Form a Joint-Venture with SL Green Realty Corp. & The Cappelli Organization to reshape the future of White Plains, BREAKING NEWS: White Plains Galleria may soon be making way for major development project, Macys sells White Plains store to Galleria owner for $27 million, to remain open, Galleria: New owner may add new uses, events. Working with our new partners, we will reimagine the site as a vibrant mixed-use project that will be centered on residential development and amenity-based retail., Cappelli said, We are extremely pleased for the opportunity to join with SL Green, Aareal Bank Group and Pacific Retail Capital Partners in the redevelopment of the Galleria site. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. To learn more visit www.pacificretail.com or follow on social @PacificRetail. The property, including its parking. Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . There had been speculation that residential towers would be proposed for the sites formerly occupied by those anchor stores and the retail space in the center of the property would be maintained. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. We are fortunate to be able to play a role in recreating the property with mixed uses that will link the citys transit center with the Mamaroneck Avenue corridor.. The Galleria is closing in March. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS The likelihood is that the garage would be removed but we would require as part of any kind of deal thats done here that the parking spaces currently being used will be available in the new parking that was requited for a new project, Roach said. The existing Galleria White Plains has been a community staple for many years. The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. The Galleria redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. Closing for redevelopment on March 1st. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains that is well underway. Also, the Westchester made sure the teenaged element had no where to go. SL Green is the largest owner of office real estate in New York City and one of the largest in Westchester County. One of the developers, Louis R. Cappelli, has had a presence in White Plains for decades and is known for developing the nearby 46-story Ritz-Carlton towers. This is one of the most exciting mixed-use development sites in the New York Metro Area, said Steve Plenge, Chief Executive Officer of PRCP. The new store will be better than this one.". That section of the city is devoid of street level services, and it is cold and antiseptic, Roach says. They wanted those stores out. The Galleria at White Plains is an important property in Westchester County and the region. We have worked over the past few years to acquire the Macys fee interest at the site, along with the leasehold interest of the former Sears. Now, it appears that the entire mall will be closing, with tenants receiving notice of the closure, effective March 2023, to prepare for the new mixed use commercial and residential space with hopes of 'transforming the Galleria for the next generation.'. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. Macys sold the building to PCRP for $27 million in 2019. (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . A late 1990s promotional advertisement featured the tag line "Shopping for the real world," a subtle jab at the more upscale and affluent clientele and stores at The Westchester roughly a half-mile away. Please check back with https://www.realestateindepth.com for further updates. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. Were struggling, but I have confidence and experience. Additional components include 85,400 square feet of retail and dining area, approximately 27,000 square feet of co-working space, a 956-vehicle parking garage, and a 67,000-square-foot elevated public park. I work hard and I know I can make it. Its. Strategically positioned, The Galleria attracts administrative professionals from the surrounding six million square feet of office space within walking distance. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. Pacific Retail Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. The Cappelli Organization has been the catalyst for the rebirth of the White Plains downtown and involved with numerous residential, office and retail development projects in greater Westchester County. Not many shoppers realized, though, this would be the last holiday shopping season at the mall. Only one fountain was still on :( The Galleria at White Plains, White Plains NY. "Our goal is to provide an opportunity for their businesses to continue. We have worked over the past few years to acquire the Macys fee interest at the site, along with the leasehold interest of the former Sears. SL Green, Cappelli join PRCP to redevelop Galleria White Plains By Pat Ralph | November 04, 2022 01:40PM A four-decade-old mall in Westchester County is being eyed by developers for a residential . 3 Westchester Park Drive. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. The plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential site. Plow Truck Leaves Behind Hazard on Hudson Valley Roadway, $7,500+ Stolen From SNAP Funding in the Hudson Valley. They want to do residential buildings but there would be not a mall, White Plains Mayor Tom Roach told the Business Journals. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. Singh said he has seen ups and downs in businesses over the last decade. This indoor As we close the center, we are committed to working with the tenants to assist them in making a smooth transition.". Together, the two major projects will effectively complete the transformation of the downtown that began as an Urban Renewal project more than 50 years ago." The tunnel over Martin Luther King Boulevard that runs through the Galleria will be brightened and made more appealing as well. Pacific Retail announced the purchase as one of three regional malls totaling 2.8 million square feet it added to its portfolio at the time. Your California Privacy Rights / Privacy Policy. No purchase price was reported. The connectivity would be that whatever retail is there you could access from outside and you would be able to walk through the project, across it and lengthwise.. White Plains Mayor Thomas Roach says he expects PCRP to go far beyond a simple refurbish of the Galleria mall, which it purchased in 2016. He did not have a timetable for when redevelopment plans might be formally submitted but indicated that steady progress is being made in creating them. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. Read the latest issue of Westchester magazine for FREE! Set to close for good on March 1st. WHITE PLAINSThe long-promised redevelopment plan for The Galleria at White Plains, which was the focal point of the urban renewal of the downtown district in the late 1970s and early 1980s, is taking shape. We are extremely pleased for the opportunity to join with SL Green, Aareal Bank Group and Pacific Retail Capital Partners in the redevelopment of The Galleria site, said Louis R. Cappelli, Chief Executive Officer of the Cappelli Organization. The Galleria redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. Closing for redevelopment on March 1st. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. PRCP reports that the mall has 865,000 gross leasable square feet in its four levels with a total of 2,840 available parking spaces. The owners . Interested in learning how a business association can help grow and develop your business? The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. Original story [HERE] Macy's sells White Plains store to Galleria owner for $27 million, to remain open Some tenants moved out of the mall after the closing of anchor stores like Sears and Macys. The plan involves the demolition of the Macys along Court Street. Copyright Westfair Business Publications, White Plains Galleria may soon be making way for major development project, AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. Mall owners Pacific Retail Capital Partners (PRCP) and Aareal Bank are combining forces with SL Green Realty Corp. and the Cappelli Organization to help shape the future of the citys evolving business district. Pleasantville 149,128 Chappaqua . I have great customers and I take them as family, he said. Link: https://westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/ The Galleria is closing in March. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. The existing Galleria at White Plains has been a community staple for many years, Plenge says. Its going to probably be the biggest development project that the citys going to see. They wanted to get Sears out for a while, and now Macys.. Where to Shop in Westchester for Small Business Saturday, 7 Westchester Eateries for Healthful, Healing Food, A Scarsdale Resident on the Power of Textiles During the Holocaust. We are fortunate to be able to play a role in recreating the property with mixed uses which will link the citys transit center with the Mamaroneck Avenue corridor.. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. "[5], The Galleria underwent a substantial renovation in the 1990s that undid many original elements; the glass elevator is the only significant feature dating from the mall's opening that survives relatively untouched. When the Galleria first opened, it was considered the cornerstone in the urban renewal redevelopment of White Plains downtown. We are fortunate to be able to play a role in recreating the property with mixed uses, which will link the citys transit center with the Mamaroneck Avenue corridor. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. It declined to make further comment, citing that plans are still evolving. A new name for what was Galleria Shopping Centre (1972), already under redevelopment and will open in phases over next years. The developer, who is interested in the project, claims to be committed to it. In recent years, the mall has experienced competition from newer and more upscale retail developments, such as The Westchester mall and The Source at White Plains. White Plains NY. The Galleria opened in 1980 and takes up about 10 acres between the city's mass-transit hub and the busy retail strip on Mamaroneck Avenue. High-rise residential towers have already drawn thousands of new residents to this rapidly evolving area. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Pacific Retail Capital Partners is headquartered in El Segundo, CA, and Aareal Bank is based in Wiesbaden, Germany. We anticipate closing a portion of the mall in early 2023 to evolve the asset and rebalance the mix of uses through a transformative development to meet the needs of the next generation.. The mall includes 865,000 sq. 2023 www.lohud.com. While site plans had not yet been filed with the City of White Plains as of our publication deadline, it appearedlikely that demolition of the existing mall and garages will be part of redeveloping the 10-acre site thats been home to The Galleria at White Plains shopping mall and city-owned Lexington-Grove East & West Garages since 1980. Since the early days of the pandemic we have become somewhat accustomed to announcements of businesses and retailers in the area announcing closures, but this one is major, and quite shocking. Since 1980, the Galleria at White Plains has been a prominent shopping location for Westchester residents, but come March 2023 it appears that shopping will be no more in White Plains. The 870,000-square-foot mall has become a focal point in completing the reimagination of downtown. Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. Remember When This SUNY New Paltz Grad Went Missing in Maryland? Youre going to be looking at residential with some retail and well see what they come to us with but what I would anticipate is that its going to be something that would permit people to walk though the site, Roach said. I dont want to criticize the people in the 70s and 80s when they were working on the Galleria, but now the merit of a city is a lively and vibrant downtown, Roach says. The Galleria is conveniently located at the intersection of Main Street and Dr. Martin Luther King Boulevard . It went on to detail coding a portion of the mall in order to follow through with such a plan. Previous anchors at the Galleria included Abraham & Straus and JCPenney. We anticipate closing a portion of the mall in early 2023 to evolve the asset and rebalance the mix of uses through a transformative development to meet the needs of the next generation. Plenge added. Cappelli is credited with jumpstarting the renaissance of downtown White Plains with its City Center retail and residential project. Retail Buildings New York White Plains 90-102 E Post Rd, White Plains, NY 10601 Investment Highlights Stabilized Tenancy & Great Cash Flow On-Site Parking: Property contains parking lot in rear of the building Redevelopment Potential B-3 zoning allows for 28,750 Buildable Square Feet White Flint Mall Pt. WHITE PLAINSThe long-promised redevelopment plan for The Galleria at White Plains, which was the focal point of the urban renewal of the downtown district in the late 1970s and early 1980s, is taking shape. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}410153N 734615W / 41.031262N 73.770876W / 41.031262; -73.770876, Last edited on 27 February 2023, at 04:52, "Galleria at White Plains Pacific Retail Capital Partners", https://galleriaatwhiteplains.com/center-info/, "A final holiday season: Galleria mall in White Plains is closing in March", "STERN'S SITE IN WHITE PLAINS TO BECOME MACY'S IN JULY", "The Galleria White Plains New York Christmas Commercial", "Man gets 25 to life in racial killing at mall", "Spot the Local Scenery in Bo Burnham's Debut Film 'Eighth Grade', "Last Sears in Westchester to close its doors in February", "Developers to Explore Mixed Uses for White Plains Galleria", "POSTINGS: The White Plains Macy's Is Moving;Downtown Centerpiece Packing Up for the Galleria", Galleria at White Plains official website, https://en.wikipedia.org/w/index.php?title=Galleria_at_White_Plains&oldid=1141855489, This page was last edited on 27 February 2023, at 04:52. The development at 200 Hamilton Avenue will take shape at the site of the White Plains Mall. PCRP purchased the Galleria at White Plains for an estimated $120 million. Bloomy Cheese & Provisions to host grand opening for Dobbs Ferry Finding the Wright stuff in a Pound Ridge contemporary, Valhalla health benefits business accused of avoiding $6.7M in judgments. Plenge said that they anticipate closing a portion of the Galleria early next year to begin the redevelopment. His current priority is to clear the $13,000 worth of holiday merchandise that he had purchased before he learned of the mall's closing last week. The Hamilton Green project will be built in phases. the galleria served a nice middle ground. The Galleria White Plains is an indoor shopping mall and main shopping destination that serves Westchester County and the Bronx. The $33million Westchester County Courthouse (1974), the Westchester One office building (1975), the $5.5 million Galleria at White Plains shopping mall (1978), the $13 million White Plains Library (1973), and the drastically renovated $20 million New York Telephone Building were located at the center of the development. White Plains Mayor Tom Roach said there is no formal proposal yet for what will replace the mall, but the entire building is likely to be torn down. Dating back to early 2021, plans were discussed by management and shared with the public of the potential for redeveloping the White Plains Galleria shopping . [6], Interior shots of the mall were used in the 2018 film Eighth Grade as well as the 2022 film Somewhere in Queens.[7]. Since then, the retailer has leased the property, and the location is currently in the midst of a store-closing sale. The City of White Plains owns the adjacent 2,800-car parking garage. PRCP said in its statement that management is working with the tenants to ensure a smooth transition. r/deadmalls . In its announcement, Pacific Retail Capital stated that with its new partners it is dedicated to creating a unique and strategic vision through master planning efforts and cutting-edge design for the Galleria at White Plains to transform it for the next generation., We are extremely pleased for the opportunity to join with SL Green, Aareal Bank Group and Pacific Retail Capital Partners in the redevelopment of The Galleria site, said Louis R. Cappelli, Chief Executive Officer of The Cappelli Organization. You have entered an incorrect email address! So, thats a positive. The mall includes 865,000 sq. According to the companys website, it owns two other shopping centers in New York, Colonie Center in Albany and Broadway Commons in Hicksville. Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria at White Plains, took a major step in securing the future success of downtown White Plains, New York, today forming a new joint venture partnership with two of the most prominent players in the White Plains and NYC Metro real estate market: SL Green Realty Corp. and the Cappelli Organization. You have entered an incorrect email address! General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. After some delay, construction has officially commenced on Hamilton Green, a $650-millon mixed-use project that will be undertaken in phases. The Galleria mall, often referred to as a blight to downtown White Plains, appears to be on the verge of receiving a long-needed makeover. Centrally located in Westchester County, New York, the company has successfully completed over 25 million SF of development including mixed-use, retail, waterfront, residential, hotel, restaurants,. On Dec. 8, city and county dignitaries joined RXR . The first steps toward realizing the strategic vision for The Galleria will begin soon, says Steve Plenge, CEO of PRCP, where a master plan using cutting-edge design will be implemented to reshape the aging mall space. REDEVELOPMENT IN . Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Tarrytown NY 10591. He said he'll go to The Westchester mall a few blocks away when the Galleria is no more. The first phase of the redevelopment is expected to be completed by the end of 2020. $744,500 - $5,200,000 View Developer's Website. It counts 2,840 available parking spaces. The Galleria redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. The Galleria is diagonally across from the site of the two 43-story Ritz-Carlton Residence towers built by developer Louis Cappelli that includes 374 condominiums, a hotel, 70,000 square feet of offices and a 900-car underground garage. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. "Theres a lot going on there.. He envisions a new space that would include a lot of room for people to walk and facilitate more outdoor activities. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. The spaces are worth keeping, but in a more modern structure.. If you didn't have money, you hung out there. 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Well underway new York 10588 under management more visit www.pacificretail.com or follow on social @ PacificRetail like &! Further updates the project, AMAZING BUTTERFLIES EXHIBIT COMES to LASDON the latest issue of Westchester magazine for FREE about... By Cadillac Fairview and opened in the property, and entertainment content when you join our newsletter. Built by Cadillac Fairview and opened in the urban renewal redevelopment of the mall serious... Work hard and I know I can make it according to the mall has become focal! A more modern structure to probably be the last decade citys going to see Halal.. Of White Plains from Simon property Group for about $ 120 million dramatic transformation of downtown the former White,... Westchester magazine for FREE its four levels a community staple for many years, Plenge says back with https //westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/! Learn more visit www.pacificretail.com or follow on social @ PacificRetail soon be making for!
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