The first phase of the redevelopment is expected to be completed by the end of 2020. The owners . The Galleria has 863,715 square feet of gross leasable area. No purchase price was reported. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. 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. Only one fountain was still on :( The Galleria at White Plains, White Plains NY. 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. Previous anchors at the Galleria included Abraham & Straus and JCPenney. He added that the redevelopment of the Galleria comes as Cappelli entity LRC Construction works on Hamilton Greenthe estimated $600-million redevelopment of the former White Plains Mall. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. Since then, the retailer has leased the property, and the location is currently in the midst of a store-closing sale. The 870,000-square-foot mall has become a focal point in completing the reimagination of downtown. The existing Galleria White Plains has been a community staple for many years. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. The Galleria at White Plains opened in 1980. 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. Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . Representing & supporting the Hudson Valley Construction Industry. In November 2022, it was announced that the owners of The Galleria at White Plains are teaming up with two prominent development firms to update the mall as a vibrant mixed-use center which will be enfolded by residential development and amenity-based retail. the people there say they need "more green space" when white plains has a billion parks already. On the heels of the closings of numerous tenantsincluding anchors Sears and Macysowner Pacific Coast Retail Partners (PCRP) appears set to invest in a multi-million dollar overhaul. 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. You have entered an incorrect email address! Pleasantville 149,128 Chappaqua . The Galleria moved from the It spot in White Plains to the "ghetto" mall. They want to do residential buildings but there would be not a mall, White Plains Mayor Tom Roach told the Business Journals. 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 developer, who is interested in the project, claims to be committed to it. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. Some stores are having clearance sales as they are ending operations by the end of this year. Westchester County, NY, New Rochelle Downtown Restaurant APPRECIATION Week, MISS SAIGON Presented By White Plains Performing Arts Center, Terra Gaucha brings southern Brazilian cuisine to downtown Stamford, Breeze Airways takes on new omnipresence at regional airports, Dodge Charger owner sues mechanic for delivering unrestored car, Bernstein Private Wealth Management opens Stamford office, New partner at Westports CastleKeep Investment Advisors. 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. 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. Upon opening their doors in 1980, the Galleria at White Plains, in its prime location of about ten acres adjacent to a major Metro-North station, was credited for somewhat of a 'rebirth' during difficult times in White Plains. On November 10, 2020, it was announced Sears would close. 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. CTRL + SPACE for auto-complete. Were struggling, but I have confidence and experience. Read the latest issue of Westchester magazine for FREE! The development at 200 Hamilton Avenue will take shape at the site of the White Plains Mall. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. 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. 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. Macys sold the building to PCRP for $27 million in 2019. The mall itself, the center building, will be completely rehabbed under the concepts that Ive seen, Roach says. The mall includes 865,000 sq. The existing Galleria at White Plains has been a community staple for many years, Plenge says. 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. 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. 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. 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 City of White Plains owns the adjacent 2,800-car parking garage. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. During the 1990s remodel, the waterfall and stage in the center court were replaced with two miniature fountains between the escalators. This is one of the most exciting mixed-use development sites in the New York Metro Area, said Steve Plenge, CEO of PRCP. 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. The new store will be better than this one.". Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. 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. It holds interests in 64 buildings totaling 34.4 million square feet. [9] On December 21, 2022, PRCP announced that the Galleria at White Plains would close in March, 2023 for redevelopment.[3]. The plan involves the demolition of the Macys along Court Street. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. To learn more visit www.pacificretail.com or follow on social @PacificRetail. A new name for what was Galleria Shopping Centre (1972), already under redevelopment and will open in phases over next years. 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. 629 Old White Plains Road Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. 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. Pacific Retail Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. 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. Its going to be opened up, so youll be able to walk through it. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. Store employees were busy helping with last-minute gifts and the food court was typically crowded. [4] The west anchor JCPenney closed on April 28, 2001, and was left vacant until September 2003 when Sears moved in. 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. 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. They wanted to get Sears out for a while, and now Macys.. 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. Martin Luther King Blvd. The property, including its parking. 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.. 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 . PCRP purchased the Galleria at White Plains for an estimated $120 million. Previous anchors at the Galleria included Abraham & Straus and JCPenney. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. "The reimagining of this property is. Posted Mon, Nov 1, 2021 at 3:12 pm ET. The company said it has more than $3 billion in retail assets currently under management. 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. Save my name, email, and website in this browser for the next time I comment. SL Green is the largest owner of office real estate in New York City and one of the largest in Westchester County. Ebo Yumus, owner of IFix & Accessorize It, said he hopes to move to another shopping center, either in White Plains or Port Chester. 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, Cappelli stated. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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. CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. Copyright Westfair Business Publications, White Plains Galleria may soon be making way for major development project, AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. All rights reserved. I dont think anyone thinks that that garage is worth keeping. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. So, thats a positive. So, thats a positive. In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. "Theres a lot going on there.. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. 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. 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. Strategically positioned, The Galleria attracts administrative professionals from the surrounding six million square feet of office space within walking distance. In the 1970s, the White Plains Mall was a 3.74-acre state-of-the-art shopping center that served as a bustling center for the City. Current ownership, Pacific Retail Capital Partners, also known as PRCP, with headquarters in California, purchased the mall from the Simon Property Group back in 2016 for a reported $120 million. After some delay, construction has officially commenced on Hamilton Green, a $650-millon mixed-use project that will be undertaken in phases. 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.. Tav1 Development. . The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains that is well underway. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. 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. Company founder and CEO Louis Cappelli is responsible for envisioning and constructing City Center 20 years ago, the residential and retail complex which triggered the redevelopment movement that continues today. City Square Completes Renovations at 50 Main Street in White Plains, New York 7:00 am on August 1, 2022 By Sebastian Morris Ginsburg Development has unveiled more than 300,000 square feet of Class A office space at City Square, a sprawling mixed-use property at 50 Main Street in Downtown White Plains. It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. [citation needed], On September 18, 2006, Philip Grant, a homeless man with a track record of sex offenses including rape, was convicted in NY State Supreme Court at White Plains of murder as a hate crime for stabbing Concetta Russo-Carriero to death in a Galleria parking garage on June 29, 2005. It counts 2,840 available parking spaces. Copyright 2023 Construction Industry Council Westchester & Hudson Valley Inc. | Designed by Lunasa Technologies LLC. Middletown, NY Schools Locking Students Cell Phones in Pouches, Controversial Creator of Dilbert Grew Up in The Hudson Valley. Photos of 2022: Moving on, post-pandemic, through grief and determination, Teen's healthcare app: Help Latinos access health care providers, Top eats of 2022: Lohud's best dishes include Johnny cakes, short ribs. I have great customers and I take them as family, he said. Interested in learning how a business association can help grow and develop your business? The Galleria at White Plains is an important property in Westchester County and the region. I work hard and I know I can make it. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. It declined to make further comment, citing that plans are still evolving. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. 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. 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 . (A separate story will be forthcoming on the solar project.). The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. 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. The Galleria White Plains is an indoor shopping mall and main shopping destination that serves Westchester County and the Bronx. The Business Journals sought Roachs reaction to an announcement that the owners of the Galleria, California-based Pacific Retail Capital Partners (PRCP) and Aareal Bank, which is headquartered in Wiesbaden, Germany, are joining with White Plains-based developer Louis Cappellis The Cappelli Organization and SL Green Realty Corp., which is billed as Manhattans largest office landlord, to redevelop the mall site. Photos of. 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. With our experienced real estate partners, the new masterplan and design will build upon the remarkable renaissance under way in Downtown White Plains, Plenge said. Tarrytown NY 10591. I work hard and I know I can make it family, he said that as of. 629 Old White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale Irvington... 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