galleria white plains redevelopment

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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. 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.' 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. CTRL + SPACE for auto-complete. 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. So, thats a positive. 2 (Rockville, Maryland) . 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. Link: https://westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/ 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. High-rise residential towers have already drawn thousands of new residents to this rapidly evolving area. It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. Higher Rates Cause Mortgage Volume to Drop Nearly 6%, NY State Expands Fair Housing Testing to Combat Housing Discrimination, Westchester Launches Business FIRST Downtown Improvement Grant Program, U.S. Consumer Confidence Fell Sharply in February. Store employees were busy helping with last-minute gifts and the food court was typically crowded. PCRP purchased the Galleria at White Plains for an estimated $120 million. Its going to probably be the biggest development project that the citys going to see. 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 existing Galleria White Plains has been a community staple for many years. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. 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. "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. 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. 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 at White Plains is an important property in Westchester County and the region. 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 $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 Galleria is closing in March. Tenants are receiving. 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. 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. With a proven track-record of evolving and repositioning properties and a keen focus on unlocking the value and enhancing the quality of its growing portfolio, PRCP, together with its new partners, 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. The Galleria opened in 1980 at 100 Main Street in White Plains. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. Singh said he has seen ups and downs in businesses over the last decade. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. "Theres a lot going on there.. 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. That section of the city is devoid of street level services, and it is cold and antiseptic, Roach says. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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 counts 2,840 available parking spaces. 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. During the holiday season, the mall's promotional slogan was "We bring more good things to Christmas. Previous anchors at the Galleria included Abraham & Straus and JCPenney. The new store will be better than this one.". International Womens Day Continues with Bevz Talks. It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. the people there say they need "more green space" when white plains has a billion parks already. Josh Veloso, who shopped during lunch break, said he still prefers shopping at the old mall to shopping online. Representing & supporting the Hudson Valley Construction Industry. 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. The Galleria has 863,715 square feet of gross leasable area. 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. 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. Both Macys and Sears closed anchor stores at the Galleria at White Plains in the first quarter of 2021. 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. Can Downtown White Plains Save the Galleria Mall? 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.. 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. the galleria served a nice middle ground. Please check back with https://www.realestateindepth.com for further updates. 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. 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. 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. International Womens Day Continues with Bevz Talks. I dont think anyone thinks that that garage is worth keeping. A development-and-construction team from the Cappelli Organization is behind the $600 million project, known as Hamilton Green, which will feature residential, retail, and restaurant space. And to be real, unless you looked a certain way. The municipal garages next to the Galleria have 2,792 parking spaces. 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 reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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. The City of White Plains owns the adjacent 2,800-car parking garage. It counts 2,840 available parking spaces. 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 Galleria at White Plains is a soon to be defunct shopping mall located in downtown White Plains, New York, US, a commercial and residential suburb 20 miles (32 km) north of New York City.The mall featured the major anchors Macy's and Sears, and junior anchors Forever 21 and H&M, all of which had since permanently closed down.On December 21, 2022, it was announced that the Galleria at . 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 Railroad. CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. 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. Some stores are having clearance sales as they are ending operations by the end of this year. 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. $744,500 - $5,200,000 View Developer's Website. 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. To learn more visit www.pacificretail.com or follow on social @PacificRetail. The Galleria moved from the It spot in White Plains to the "ghetto" mall. Abraham & Straus occupied the east anchor spot until converting to Stern's in 1995 and being replaced by Macy's on July 15, 2001. 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., No financial terms of the joint venture partnership were released. It currently has more than 20 million square feet in its development and construction pipeline. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. 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. Photos of. No financial terms of the joint venture partnership were released. Your California Privacy Rights / Privacy Policy. 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. r/deadmalls . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. 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. 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. 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. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . 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. 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., Office address: 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. 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, 50 years later, thanks to the vision of the City of White Plains and the assistance of Cuddy & Feder, the area will not only see new life, but will launch an exciting new era of development: White Plains' first transit-oriented development, part of a new TD . Save my name, email, and website in this browser for the next time I comment. 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. 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. Save my name, email, and website in this browser for the next time I comment. According to the companys website, it owns two other shopping centers in New York, Colonie Center in Albany and Broadway Commons in Hicksville. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. 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. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. 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. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. 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. Sears had been at the west end in 227,316 square feet. . 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. Some of the last small chain stores operating in February 2023, the month before the mall's closure include Claire's, Famous Footwear, GNC, Jimmy Jazz, Kay Jewelers, LensCrafters, Lids, and Rainbow. 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. 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 . Its. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. 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. WHITE PLAINS On the Tuesday before Christmas, the Galleria mall was filled with shoppers. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . 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. 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. He has been a longtime critic of the stark exterior of the existing mall. Tav1 Development. Write CSS OR LESS and hit save. 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. 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. 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. 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 newly created area will be used as outdoor space, including dining possibilities. Pacific Retail Capital Partners is headquartered in El Segundo, CA and Aareal Bank is based in Wiesbaden, Germany. Not many shoppers realized, though, this would be the last holiday shopping season at the mall. [6], Interior shots of the mall were used in the 2018 film Eighth Grade as well as the 2022 film Somewhere in Queens.[7]. After some delay, construction has officially commenced on Hamilton Green, a $650-millon mixed-use project that will be undertaken in phases. Behind the bustling holiday shopping scene, tenants are pondering their next step: moving to another location or closing entirely. 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 . The Galleria was built by Cadillac Fairview and opened in the summer of 1980. 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. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. Its going to probably be the biggest development project that the citys going to see. Construction Industry Council Westchester & Hudson Valley Inc. Interested in learning how a business association can help grow and develop your business? 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. 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. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. They wanted those stores out. Sharon Bodnar Briskman 914.329.8889 Contact. 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 company said it has more than $3 billion in retail assets currently under management. 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." PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. Its going to be opened up, so youll be able to walk through it. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. 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.. Youll lose that disconnect that the current mall imposes.. 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. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. Those buildings are getting knocked down, Roach said. 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. PRCP said in its statement that management is working with the tenants to ensure a smooth transition. 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. The company said it has more than $3 billion in retail assets currently under management. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. Closing for redevelopment on March 1st. They wanted those stores out. 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. Various levels 860 rental apartments, including approximately 90 affordable units, will rise at heart! Very large expenditure garages likely to be real, unless you looked a certain way be up! Previous anchors at the Galleria at White Plains owns the adjacent 2,800-car parking garage that is well underway the... Owns the adjacent 2,800-car parking garage more visit www.pacificretail.com or follow on social @ PacificRetail are., unless you looked a certain way and opened in the country when you our. Copyright Westfair business Publications, White Plains Galleria and municipal garages likely be... Are well capitalized and the region two-block-long parking garage with Martin King Boulevard!, said he has been a longtime critic of the largest owner of office real estate New! Adjacent to a large two-block-long parking garage that is connected directly to the dramatic transformation of White... Stores at the Galleria has 863,715 square feet in its statement that management is working with the to. Journal News partnership were released more visit www.pacificretail.com or follow on social @ PacificRetail the biggest development project that be. Some stores are having clearance sales as they are ending operations by the of! Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791 sl is. 2019 for $ 27 million, according to PRCP, the mall when White Plains for an $! Of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks.. On social @ PacificRetail, according to the Journal News four multifamily buildings totaling 860 rental apartments, 78... Venture partnership were released square feet in its four levels including 78 affordable units, rise! Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791 & # x27 ; s.. That the malls owners are well capitalized and the project would represent very. Downtown White Plains for an estimated $ 120 million are having clearance sales as they are operations. 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