galleria white plains redevelopment

"[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. 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. 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. (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. 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. 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: CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. "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. 2 (Rockville, Maryland) . 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. 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. 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 municipal garages next to the Galleria have 2,792 parking spaces. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. The Galleria includes prime retailers like H&M, Forever 21, Foot Locker, American Eagle and The Halal Guys. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. WHITE PLAINS - The owners of the Galleria at White Plains are looking to reshape its future as a mixed-use commercial and residential site. 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. Photos of. 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. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. Josh Veloso, who shopped during lunch break, said he still prefers shopping at the old mall to shopping online. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. 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. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. Pacific Retail Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. (A separate story will be forthcoming on the solar project.). 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. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Most of the anchor s. Behind the bustling holiday shopping scene, tenants are pondering their next step: moving to another location or closing entirely. Galleria White Plains, New York: Pacific Retail Capital Partners (PRCP) The mall has 865,000 gross leasable SF in its four levels. 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. Your California Privacy Rights / Privacy Policy. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. I dont think anyone thinks that that garage is worth keeping. Not many shoppers realized, though, this would be the last holiday shopping season at the mall. The plan involves the demolition of the Macys along Court Street. The Galleria has 863,715 square feet of gross leasable area. PCRP purchased the Galleria at White Plains for an estimated $120 million. 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. 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. 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. The property, including its parking. 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 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. 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. 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. Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. 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.. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. The Galleria Bronx River Parkway West Post Road Maple Avenue N 287 W E S Scarsdale Larchmont Mamaroneck Greenwich Rye Harrison Purchase Chappaqua Armonk I dont want to criticize the people in the 70s and 80s when they were working on the Galleria, but now the merit of a city is a lively and vibrant downtown, Roach says. Posted Mon, Nov 1, 2021 at 3:12 pm ET. The $650 million redevelopment two. Macys sold the building to PCRP for $27 million in 2019. Previous anchors at the Galleria included Abraham & Straus and JCPenney. 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: 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. 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. Singh said he has seen ups and downs in businesses over the last decade. Related: Can Downtown White Plains Save the Galleria Mall? White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . 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." 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 people there say they need "more green space" when white plains has a billion parks already. They wanted those stores out. He envisions a new space that would include a lot of room for people to walk and facilitate more outdoor activities. 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., Cappelli said, 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. Tenants are receiving. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. As we close the center, we are committed to working with the tenants to assist them in making a smooth transition.". Were struggling, but I have confidence and experience. They want to do residential buildings but there would be not a mall, White Plains Mayor Tom Roach told the Business Journals. 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. 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. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. 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. 3 Westchester Park Drive. The tunnel over Martin Luther King Boulevard that runs through the Galleria will be brightened and made more appealing as well. 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. Closing for redevelopment on March 1st. 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. Roach said that creating a pedestrian-friendly environment would be an important part of what he wants to see in a redevelopment plan. 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. 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. 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. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. 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