The Galleria has 863,715 square feet of gross leasable area. 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. Tarrytown NY 10591. 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. 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. The owners of T he Galleria at White Plains are teaming up with two prominent development firms to explore mixed uses for the retail center that has been a downtown draw for the last 42 years. Louis R. Cappelli, CEO of the White Plains-based Cappelli Organization and builder of both the 46-story Ritz-Carlton towers at Renaissance Square and the City Center that opened back in 2003, says that an overhaul of The Galleria property will be a tremendous boon for the city. The owner of the 870,000-sq-ft, four-level retail propertyPacific Retail Capital Partners and Aareal Bankannounced 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. International Womens Day Continues with Bevz Talks. 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.' The existing Galleria White Plains has been a community staple for many years. The spaces are worth keeping, but in a more modern structure.. Cappelli has a long history in Downtown White Plains, redeveloping the former Macys store on Mamaroneck Avenue into City Center, as well as developing multiple high-rise towers including the Ritz-Carlton Hotel and Residences, Trump Tower at City Center and the Lofts at City Center in White Plains. tear down white plains mall and put a park 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. the people there say they need "more green space" when white plains has a billion parks already. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. 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. Cappelli is credited with jumpstarting the renaissance of downtown White Plains with its City Center retail and residential project. 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. Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. Sharon Bodnar Briskman 914.329.8889 Contact. 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. 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. According to the companys website, it owns two other shopping centers in New York, Colonie Center in Albany and Broadway Commons in Hicksville. Your California Privacy Rights / Privacy Policy. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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 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. Two of the chief anchorsMacys and Sears have both shuttered stores there. 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. 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 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 was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. Representing & supporting the Hudson Valley Construction Industry. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. 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. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . The existing Galleria White Plains has been a community staple for many years. REDEVELOPMENT IN . Abraham & Straus occupied the east anchor spot until converting to Stern's in 1995 and being replaced by Macy's on July 15, 2001. The owners . NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. WHITE PLAINS On the Tuesday before Christmas, the Galleria mall was filled with shoppers. The Galleria at White Plains is an important property in Westchester County and the region. 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. Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. 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 reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. Its. 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. 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 plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential site. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. 2 (Rockville, Maryland) . 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. The Galleria at White Plains is an important property in Westchester County and the region. 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. I dont think anyone thinks that that garage is worth keeping. Original story [HERE] Macy's sells White Plains store to Galleria owner for $27 million, to remain open 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.. 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. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. And to be real, unless you looked a certain way. 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 . (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . It counts 2,840 available parking spaces. 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. According to Pasternak, the plan to redevelop well-located Sears stores into mixed retail and housing was aimed. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. I think were going to turn it into something thats alive with street life, like what you see on Mamaroneck Avenue.. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. 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. 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. PCRP purchased the Galleria at White Plains for an estimated $120 million. The company said it has more than $3 billion in retail assets currently under management. Photos of. "December 22, 2022 "FROM: Pacific Retail Capital Partners "The Galleria White Plains is slated to cease business as of March 2023 to prepare for redevelopment. When the Galleria first opened, it was considered the cornerstone in the urban renewal redevelopment of White Plains downtown. Save my name, email, and website in this browser for the next time I comment. The developer, who is interested in the project, claims to be committed to it. 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. 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.. 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, New York: Pacific Retail Capital Partners (PRCP) The mall has 865,000 gross leasable SF in its four levels. Also, the Westchester made sure the teenaged element had no where to go. WHITE PLAINS, N.Y.-- Once upon a time, the Galleria at White Plains mall was one of the largest in the region and one of the most profitable . They wanted to get Sears out for a while, and now Macys.. It holds interests in 64 buildings totaling 34.4 million square feet. Rating: 3/5 (6 rates) Make a Review: Phone number: 914 682 0111: State: New York: Area/City: White Plains: Number of stores: 70: www: CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. 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. 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. 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 existing Galleria at White Plains has been a community staple for many years, Plenge says. He has been a longtime critic of the stark exterior of the existing mall. Its going to probably be the biggest development project that the citys going to see. 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. Write CSS OR LESS and hit save. Singh said he has seen ups and downs in businesses over the last decade. The Galleria, which opened in 1980, consists of approximately 10 acres in a Qualified Opportunity Zone in the heart of downtown White Plains, near a major mass transit hub for Metro-North. It would be easier to stay in a mall because it takes time for customers to get to know our business if we open somewhere else, he said. The conceptual development plan and site plan have already been approved, though the developers are. High-rise residential towers have already drawn thousands of new residents to this rapidly evolving area. The Galleria at White Plains, a popular Westchester County shopping mall, will be closing their doors come March 2023. Were struggling, but I have confidence and experience. 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. 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 . 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. 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. 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. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. PRCP said in its statement that management is working with the tenants to ensure a smooth transition. 2023 www.lohud.com. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. It counts 2,840 available parking spaces. The pandemic has taken a further toll on small businesses, he said, but he's hopeful the economy will bounce back. 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,. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. GALLERY A premier retail destination in the heart of downtown White Plains, Galleria White Plains is home to national brands and local businesses in a nearly 900,000 square foot, four level shopping center. Remember When This SUNY New Paltz Grad Went Missing in Maryland? Behind the bustling holiday shopping scene, tenants are pondering their next step: moving to another location or closing entirely. Its going to be opened up, so youll be able to walk through it. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. Closing for redevelopment on March 1st. 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. This project is going to take a while," Roach said. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains that is well underway. (A separate story will be forthcoming on the solar project.). 629 Old White Plains Road Can Downtown White Plains Save the Galleria Mall? Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. "Theres a lot going on there.. The Galleria Bronx River Parkway West Post Road Maple Avenue N 287 W E S Scarsdale Larchmont Mamaroneck Greenwich Rye Harrison Purchase Chappaqua Armonk So, thats a positive. Others hope for a final revenue boost over the holiday season and will start looking at new locations afterward. Previous anchors at the Galleria included Abraham & Straus and JCPenney. 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. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. Pacific Retail Capital Partners is headquartered in El Segundo, CA, and Aareal Bank is based in Wiesbaden, Germany. 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. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. PCRP purchased the Galleria at White Plains for an estimated $120 million. 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. However the developer of that White Plains Mall . 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. 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. 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. In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. 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. [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. Martin Luther King Blvd. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. (A separate story will be forthcoming on the solar project.). The Tuesday before Christmas, the mall has 865,000 gross leasable area developers are Green Corp.. 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