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. Sears had been at the west end in 227,316 square feet. [4] The west anchor JCPenney closed on April 28, 2001, and was left vacant until September 2003 when Sears moved in. 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. "Our goal is to provide an opportunity for their businesses to continue. While details are still sketchy at best, the owner of the 870,000-square-foot, four-level retail propertyPacific Retail Capital Partners and Aareal Bankannounced on Nov. 3 it was bringing on new joint venture partnersSL Green Realty Corp. of New York City and the Cappelli Organization of White Plains to explore mixed uses and rebalance the mix of uses for the property that has fallen on hard times as its two chief anchorsMacys and Searshave both shuttered their stores there. 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.. 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. Write CSS OR LESS and hit save. In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. I work hard and I know I can make it. On Dec. 8, city and county dignitaries joined RXR . Interested in learning how a business association can help grow and develop your business? The developer, who is interested in the project, claims to be committed to it. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. This indoor Tarrytown NY 10591. The Business Journal talked to Roach before and after a news conference that was held to announce that installation of solar panels is underway at various city buildings. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. Ebo Yumus, owner of IFix & Accessorize It, said he hopes to move to another shopping center, either in White Plains or Port Chester. SL Green is the largest owner of office real estate in New York City and one of the largest in Westchester County. No purchase price was reported. The existing Galleria White Plains has been a community staple for many years. We definitely want to see more trees, we definitely want to see a recognition of what weve already created on the Court Street end, but make it a place where people will want to walk and spend time, or go shop or whatever, but make it a gathering place., Roach said he did not know when a formal proposal would be submitted but figures it will be sooner rather than later.. 629 Old White Plains Road Galleria at White Plains Redevelopment Taking Shape with New Partners By JOHN JORDAN - November 25, 2022 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. Galleria White Plains, White Plains NY. 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. The company said it has more than $3 billion in retail assets currently under management. AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. Interested in learning how a business association can help grow and develop your business? 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. ft. of gross leasable area across four floors. Those buildings are getting knocked down, Roach said. White Plains NY. It went on to detail coding a portion of the mall in order to follow through with such a plan. It holds interests in 64 buildings totaling 34.4 million square feet. More recently, in early November, another update was posted on the mall website discussing a new masterplan and design intending to 'build upon the remarkable renaissance under way in Downtown White Plains.' Related: Where to Shop in Westchester for Small Business Saturday. The Hamilton Green project will be built in phases. Behind the bustling holiday shopping scene, tenants are pondering their next step: moving to another location or closing entirely. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. Roach for several years expressed his concern that the malls streetscape is not pedestrian and shopper friendly and he has called for enhancing the frontage, specially along Main Street, to make it more enticing and eliminate the stretches of blank wall that people currently face. The Galleria Mall in White Plains, NY is owned by Simon Property Group, one of the largest real estate investment trusts in the United States.The company owns, develops, and manages shopping centers, malls, and other retail properties. Its. Can Downtown White Plains Save the Galleria Mall? 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. And to be real, unless you looked a certain way. 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. 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. To learn more visit www.pacificretail.com or follow on social @PacificRetail. (A separate story will be forthcoming on the solar project.). r/deadmalls . "[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. 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. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. 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. 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. Referring to the great wall of the Galleria, Roach says the rehabilitation of the downtown area including and surrounding the mall was one of his first goals as mayor. Macys sold the building to PCRP for $27 million in 2019. The Galleria White Plains is an indoor shopping mall and main shopping destination that serves Westchester County and the Bronx. 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. Save my name, email, and website in this browser for the next time I comment. Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. Share your opinion with users and insert mall rating and reviews for The Galleria at White Plains. CTRL + SPACE for auto-complete. 287 684 95 87 BOULEVARD. We understand the difficulty posed by transitioning," the statement said. The White Plains Mall mixed use retail is at a standstill because the Department of Motor Vehicles continues to occupy the site prior to a move to the former Fortunoff complex across from the Westchester. Both Macys and Sears shut their anchor stores at the Galleria at White Plains in the first quarter of 2021. RXR Realty is leading a partnership in that massive project that calls for the construction of 860 apartment units in four high-rise buildings, 84,500 square feet of specialty retail and restaurant space, including a Food and Craft Hall, 27,000 square feet of office space, and an approximately 956-space parking garage and open space. The Galleria at White Plains is an important property in Westchester County and the region. The Galleria is closing in March. The new store will be better than this one.". document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. He said he'll go to The Westchester mall a few blocks away when the Galleria is no more. With our experienced real estate partners, the new masterplan and design will build upon the remarkable renaissance under way in Downtown White Plains, said Plenge. 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. 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 SL Green Realty Corp. is a real estate investment trust (REIT) that is focused primarily on Manhattan commercial properties. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. 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. 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. Related: Can Downtown White Plains Save the Galleria Mall? According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. 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. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . The property, including its parking. High-rise residential towers have already drawn thousands of new residents to this rapidly evolving area. It declined to make further comment, citing that plans are still evolving. That section of the city is devoid of street level services, and it is cold and antiseptic, Roach says. Representing & supporting the Hudson Valley Construction Industry. 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 site is the last large redevelopment site in the Hamilton Avenue-Main Street corridor that ties the citys Metro-North station and transportation hub with the existing Galleria at White Plains in the heart of the downtown. 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. The newly created area will be used as outdoor space, including dining possibilities. 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 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." Plenge said that. 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. Pacific Retail Capital Partners is headquartered in El Segundo, CA, and Aareal Bank is based in Wiesbaden, Germany. (A separate story will be forthcoming on the solar project.). August 29, 2022 Work to demolish the White Plains Mall got underway as August was drawing to a close, setting the stage for construction to begin of the highly anticipated Hamilton Green. Shopping floors were color coded blue, green, yellow, and red representing Street Level, Garden Level, the Garden food court area, and Fashion Level 1 and 2, respectively when the mall opened. Stewarts Brings Back Fan-Favorite Ice Cream for Limited Time! ft. of gross leasable area across four floors. With an ongoing commitment to the renewal of Downtown White Plains, the owners of The Galleria at White Plains and two of the regions most well-known developers have formed a joint venture partnership to reimagine the roughly 10-acre mall site. "The reimagining of this property is. They wanted to get Sears out for a while, and now Macys.. The announcement follows another major mixed-use redevelopment enterprise that is in progress, at the former White Plains Mall shopping plaza, located a short distance from The Galleria. The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. 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. His career includes reporting, anchoring, editing, producing and management positions with ABC News and TV and radio stations in Boston, Los Angeles and other cities. 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. 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. The lease for Sears at the Galleria in White Plains was not sold to Seritage. The company said it has more than $3 billion in retail assets currently under management. Plans are being created to redevelop the Galleria shopping mall in downtown White Plains into a massive mixed-use project that could involve demolishing part or all of the structure, according to White Plains Mayor Tom Roach. Link: https://westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/ 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. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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. (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . The mall includes 865,000 sq. 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 . Construction Industry Council Westchester & Hudson Valley Inc. The Galleria includes prime retailers like H&M, Forever 21, Foot Locker, American Eagle and The Halal Guys. It counts 2,840 available parking spaces. According to the companys website, it owns two other shopping centers in New York, Colonie Center in Albany and Broadway Commons in Hicksville. Also, the Westchester made sure the teenaged element had no where to go. He followed this with the 46-story Ritz-Carlton towers that remade the citys skyline. Galleria at White Plains mall closing for good 02:00. Westchester County, NY, New Rochelle Downtown Restaurant APPRECIATION Week, MISS SAIGON Presented By White Plains Performing Arts Center, Cuomo blasts critics; Schumer and Gillibrand say he should go, Family feud stifles Simone offer for Mount Vernon warehouse, Dodge Charger owner sues mechanic for delivering unrestored car, Bernstein Private Wealth Management opens Stamford office, New partner at Westports CastleKeep Investment Advisors. 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. White Plains, New York 10601 Nancy Kennedy 914.271.5500 Contact. It counts 2,840 available parking spaces. Photos of. Most of the anchor s. 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. The $650 million redevelopment two. In 2020, the ownership of the White Plains Mall secured $17.5 million in sales tax and mortgage recording tax exemptions from the Westchester County IDA. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. The two new partners bring extensive local multi-family and office experience to the partnership. Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. It counts 2,840 available parking spaces. 2 (Rockville, Maryland) . The tunnel over Martin Luther King Boulevard that runs through the Galleria will be brightened and made more appealing as well. Were struggling, but I have confidence and experience. . The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. 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. White Flint Mall Pt. 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. 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,. Original story [HERE] Macy's sells White Plains store to Galleria owner for $27 million, to remain open CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. The Future of the Local Mall: The Galleria at White Plains, to Dennis Richmond Jr.s FOX Appearance Increases Book Sales, President Biden to Visit Yonkers Sunday Nov. 6 for GOTV Rally at Sarah Lawrence College, TSA PreCheck Enrollment Coming to Westchester CountyAirport(HPN) For Limited Time This March, Westchester Resident Appears on Shark Tank with FunkkOFF Teeth Fresheners. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. Store employees were busy helping with last-minute gifts and the food court was typically crowded. The City of White Plains owns the adjacent 2,800-car parking garage. 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