It counts 2,840 available parking spaces. So, thats a positive. The 870,000-square-foot mall has become a focal point in completing the reimagination of downtown. Roach said that the announcement did not come as a surprise to the city, since officials have been in regular talks with the malls owners for many months regarding the future of the mall and the status of the city-owned garages. 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 integral to the dramatic transformation of Downtown White Plains that is well underway. PCRP purchased the Galleria at White Plains for an estimated $120 million. Strategically positioned, The Galleria attracts administrative professionals from the surrounding six million square feet of office space within walking distance. They wanted those stores out. 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. 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. I think were going to turn it into something thats alive with street life, like what you see on Mamaroneck Avenue.. Read the latest issue of Westchester magazine for FREE! 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. Those buildings are getting knocked down, Roach 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. 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 people there say they need "more green space" when white plains has a billion parks already. CTRL + SPACE for auto-complete. 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. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. 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. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. 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. 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. Middletown, NY Schools Locking Students Cell Phones in Pouches, Controversial Creator of Dilbert Grew Up in The Hudson Valley. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. Copyright Westfair Business Publications, White Plains Galleria may soon be making way for major development project, AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. The Galleria, which opened in 1980, consists of approximately ten acres located in a Qualified Opportunity Zone in the heart of Downtown White Plains next to a major mass transit hub of Metro-North. 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. 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 . 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. 2 (Rockville, Maryland) . The $650 million redevelopment two. Galleria White Plains, New York: Pacific Retail Capital Partners (PRCP) The mall has 865,000 gross leasable SF in its four levels. 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. [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. The Galleria has 863,715 square feet of gross leasable area. The lease for Sears at the Galleria in White Plains was not sold to Seritage. Related: Can Downtown White Plains Save the Galleria Mall? Stewarts Brings Back Fan-Favorite Ice Cream for Limited Time! "The reimagining of this property is. 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.. 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. 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. High-rise residential towers have already drawn thousands of new residents to this rapidly evolving area. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. They wanted to get Sears out for a while, and now Macys.. 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. The mall's owner, Pacific Retail Capital Partners (PRCP), said in a statement that the Galleria is slated to cease business as of March 2023 to prepare for redevelopment. 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 Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. 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 company said it has more than $3 billion in retail assets currently under management. 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. Tav1 Development. 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. WHITE PLAINS - The owners of the Galleria at White Plains are looking to reshape its future as a mixed-use commercial and residential site. CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. And to be real, unless you looked a certain way. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. 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. 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. Your California Privacy Rights / Privacy Policy. When the Westchester first opened, no one under 16 years old could move hassle free unless you had a bag. 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 spaces are worth keeping, but in a more modern structure.. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. Ebo Yumus, owner of IFix & Accessorize It, said he hopes to move to another shopping center, either in White Plains or Port Chester. That section of the city is devoid of street level services, and it is cold and antiseptic, Roach says. 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. 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. Built by Cadillac Fairview, a Canadian developer, the 900,000-square-foot (84,000m2), four-level mall is located on two large city blocks of former urban renewal land. 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.' He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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.'. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. Store employees were busy helping with last-minute gifts and the food court was typically crowded. Macys sold the building to PCRP for $27 million in 2019. The development at 200 Hamilton Avenue will take shape at the site of the White Plains Mall. 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. International Womens Day Continues with Bevz Talks. 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. 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, an 870,000-square-foot, 85-store complex that was launched to much anticipation in 1980, is now being envisioned as a mixed-use project that is centered on residential development and amenity-based retail, according to a statement by the new partnership. PCRP purchased the Galleria at White Plains for an estimated $120 million. 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 Cappelli Organization is redeveloping a former shopping plaza where they plan to develop Hamilton Green, an approved $600 million mixed-use complex featuring four residential towers. Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. Its. 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. No financial terms of the joint venture partnership were released. 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 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 . 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: 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. White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . The Galleria was built by Cadillac Fairview and opened in the summer of 1980. 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 . Pacific Retail Capital Partners is headquartered in El Segundo, CA and Aareal Bank is based in Wiesbaden, Germany. The Galleria at White Plains opened in 1980. Youll lose that disconnect that the current mall imposes.. The existing Galleria White Plains has been a community staple for many years. "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. 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. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. The owners . Interested in learning how a business association can help grow and develop your business? The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. 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 . ft. of gross leasable area across four floors. Were struggling, but I have confidence and experience. [8] On January 5, 2021, Macy's announced as part of a strategy to focus on their highest achieving locations that they would be closing. Plow Truck Leaves Behind Hazard on Hudson Valley Roadway, $7,500+ Stolen From SNAP Funding in the Hudson Valley. The Galleria is closing in March. 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 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. Builder. 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. 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 mall featured the major anchors Macys and Sears, and junior anchors Forever 21 and H&M, all of which had since permanently closed down. 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. 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. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. Representing & supporting the Hudson Valley Construction Industry. No purchase price was reported. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. If you didn't have money, you hung out there. 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. 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. The City of White Plains owns the adjacent 2,800-car parking garage. "Our goal is to provide an opportunity for their businesses to continue. 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.. During the holiday season, the mall's promotional slogan was "We bring more good things to Christmas. 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. Save my name, email, and website in this browser for the next time I comment. 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