Read the latest issue of Westchester magazine for FREE! 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. So, thats a positive. No purchase price was reported. 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. High-rise residential towers have already drawn thousands of new residents to this rapidly evolving area. During the 1990s remodel, the waterfall and stage in the center court were replaced with two miniature fountains between the escalators. 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. [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. Plenge said that they anticipate closing a portion of the Galleria early next year to begin the redevelopment. (A separate story will be forthcoming on the solar project.). "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. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. 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. The City of White Plains owns the adjacent 2,800-car parking garage. It holds interests in 64 buildings totaling 34.4 million square feet. You have entered an incorrect email address! The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. Some stores are having clearance sales as they are ending operations by the end of this year. 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. They want to do residential buildings but there would be not a mall, White Plains Mayor Tom Roach told the Business Journals. CTRL + SPACE for auto-complete. Cappelli is credited with jumpstarting the renaissance of downtown White Plains with its City Center retail and residential project. Its going to be opened up, so youll be able to walk through it. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. "The reimagining of this property is. Galleria White Plains, White Plains NY. The Galleria has 863,715 square feet of gross leasable area. 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. Its going to probably be the biggest development project that the citys going to see. It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. That section of the city is devoid of street level services, and it is cold and antiseptic, Roach says. It declined to make further comment, citing that plans are still evolving. "[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 at White Plains opened in 1980. the westchester mall is high end. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. 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. 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. The Galleria at White Plains, a popular Westchester County shopping mall, will be closing their doors come March 2023. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. The developer, who is interested in the project, claims to be committed to it. 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 owners . International Womens Day Continues with Bevz Talks. AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. 100 MAIN STREETWHITE PLAINS, NY 10601MAP IT, GUEST SERVICES: 914.682.0111SECURITY: 914.682.0111, on Pacific Retail Capital Partners and Aareal Bank Group Form a Joint-Venture with SL Green Realty Corp. & The Cappelli Organization to reshape the future of White Plains, on BREAKING NEWS: White Plains Galleria may soon be making way for major development project, on Macys sells White Plains store to Galleria owner for $27 million, to remain open, on Galleria: New owner may add new uses, events, Pacific Retail Capital Partners and Aareal Bank Group Form a Joint-Venture with SL Green Realty Corp. & The Cappelli Organization to reshape the future of White Plains, BREAKING NEWS: White Plains Galleria may soon be making way for major development project, Macys sells White Plains store to Galleria owner for $27 million, to remain open, Galleria: New owner may add new uses, events. Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria at White Plains, took a major step in securing the future success of downtown White Plains, New York, today forming a new joint venture partnership with two of the most prominent players in the White Plains and NYC Metro real estate market: SL Green Realty Corp. and the Cappelli Organization. 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 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 pandemic has taken a further toll on small businesses, he said, but he's hopeful the economy will bounce back. (A separate story will be forthcoming on the solar project.). 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. After some delay, construction has officially commenced on Hamilton Green, a $650-millon mixed-use project that will be undertaken in phases. 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. 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 company said it has more than $3 billion in retail assets currently under management. The mall itself, the center building, will be completely rehabbed under the concepts that Ive seen, Roach says. 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. Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. Tenants are receiving. 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 mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. [6], Interior shots of the mall were used in the 2018 film Eighth Grade as well as the 2022 film Somewhere in Queens.[7]. 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. "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. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. Its. 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. 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. 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. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. I work hard and I know I can make it. You have entered an incorrect email address! 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. 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. 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. The Galleria at White Plains address: 100 Main St, White Plains, New York - NY 10601 - 2601. 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. The municipal garages next to the Galleria have 2,792 parking spaces. Not many shoppers realized, though, this would be the last holiday shopping season at the mall. The $650 million redevelopment two. Photos of. 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. Previous anchors at the Galleria included Abraham & Straus and JCPenney. 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. 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. It counts 2,840 available parking spaces. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. 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.. The Galleria opened in 1980 at 100 Main Street in White Plains. 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. 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 mall for what was being referred to as a 'massive mixed-use project. 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. Interested in learning how a business association can help grow and develop your business? He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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 . 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 Future of the Local Mall: The Galleria at White Plains, to Dennis Richmond Jr.s FOX Appearance Increases Book Sales, President Biden to Visit Yonkers Sunday Nov. 6 for GOTV Rally at Sarah Lawrence College, TSA PreCheck Enrollment Coming to Westchester CountyAirport(HPN) For Limited Time This March, Westchester Resident Appears on Shark Tank with FunkkOFF Teeth Fresheners. At the time of the March 2022 announcement, Sears, one of the flagship/anchor stores at the Galleria at White Plains had already closed, and Macy's was not far behind. The $650 million redevelopment two. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. Plow Truck Leaves Behind Hazard on Hudson Valley Roadway, $7,500+ Stolen From SNAP Funding in the Hudson Valley. Macys had anchored the mall at the east end in 328,599 square feet of space. ft. of gross leasable area across four floors. 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. 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 plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential site. Strategically positioned, The Galleria attracts administrative professionals from the surrounding six million square feet of office space within walking distance. 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. It's long been said that the mall, a giant block of a building, restricts downtown movement for pedestrians. 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. The Galleria Mall in White Plains, NY is owned by Simon Property Group, one of the largest real estate investment trusts in the United States.The company owns, develops, and manages shopping centers, malls, and other retail properties. 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. The tunnel over Martin Luther King Boulevard that runs through the Galleria will be brightened and made more appealing as well. 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. Youll lose that disconnect that the current mall imposes.. 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 lease for Sears at the Galleria in White Plains was not sold to Seritage. They wanted those stores out. It went on to detail coding a portion of the mall in order to follow through with such a plan. 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.. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. $2,295,000 - $2,395,000. 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. 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. RXR Realty is leading a partnership in that massive project that calls for the construction of 860 apartment units in four high-rise buildings, 84,500 square feet of specialty retail and restaurant space, including a Food and Craft Hall, 27,000 square feet of office space, and an approximately 956-space parking garage and open space. Related: Where to Shop in Westchester for Small Business Saturday. 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. 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. Posted Mon, Nov 1, 2021 at 3:12 pm ET. Also, the Westchester made sure the teenaged element had no where to go. Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. The Galleria Bronx River Parkway West Post Road Maple Avenue N 287 W E S Scarsdale Larchmont Mamaroneck Greenwich Rye Harrison Purchase Chappaqua Armonk 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. 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. 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. 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. 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 mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. REDEVELOPMENT IN . According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. We understand the difficulty posed by transitioning," the statement said. 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. Save my name, email, and website in this browser for the next time I comment. ft. of gross leasable area across four floors. However the developer of that White Plains Mall . Galleria White Plains, New York: Pacific Retail Capital Partners (PRCP) The mall has 865,000 gross leasable SF in its four levels. 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. 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. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. White Plains, New York 10601 Nancy Kennedy 914.271.5500 Contact. (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. 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. When the Galleria first opened, it was considered the cornerstone in the urban renewal redevelopment of White Plains downtown. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. 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. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . And to be real, unless you looked a certain way. I have great customers and I take them as family, he said. The municipal garages next to the Galleria have 2,792 parking spaces. This dead mall is set to close in March and to be converted into a mix use site. The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. Last month, Pacific Retail Capital Partnersand Aareal Bank announced they were taking a first step toward redeveloping the property by forming a joint partnership with SL Green Realty Corp., which invests in shopping centers and office buildings in the metro region, and the Cappelli Organization, long a prominent developer in Westchester. hile 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 reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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