And to be real, unless you looked a certain way. 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 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. White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . The Galleria at White Plains is an important property in Westchester County and the region. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. 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. Its going to be opened up, so youll be able to walk through it. 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. 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 . This indoor $2,295,000 - $2,395,000. Tav1 Development. 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. 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. 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. 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 plan involves the demolition of the Macys along Court Street. The mall includes 865,000 sq. 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. [4] The west anchor JCPenney closed on April 28, 2001, and was left vacant until September 2003 when Sears moved in. 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. Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. 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. Previous anchors at the Galleria included Abraham & Straus and JCPenney. 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. runs directly underneath the mall. "Our goal is to provide an opportunity for their businesses to continue. 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." Pleasantville 149,128 Chappaqua . 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. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. 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. Stewarts Brings Back Fan-Favorite Ice Cream for Limited Time! During the 1990s remodel, the waterfall and stage in the center court were replaced with two miniature fountains between the escalators. 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 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. Representing & supporting the Hudson Valley Construction Industry. The Galleria at White Plains is an important property in Westchester County and the region. Its going to probably be the biggest development project that the citys going to see. SL Green Realty Corp. is a real estate investment trust (REIT) that is focused primarily on Manhattan commercial properties. 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.'. Were struggling, but I have confidence and experience. It counts 2,840 available parking spaces. 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. Save my name, email, and website in this browser for the next time I comment. The mall includes 865,000 sq. As we close the center, we are committed to working with the tenants to assist them in making a smooth transition.". The municipal garages next to the Galleria have 2,792 parking spaces. The two new partners bring extensive local multi-family and office experience to the partnership. Can Downtown White Plains Save the Galleria Mall? PRCP said in its statement that management is working with the tenants to ensure a smooth transition. tear down white plains mall and put a park The Galleria opened in 1980 at 100 Main Street in White Plains. However the developer of that White Plains Mall . Several storefronts are already vacant. He followed this with the 46-story Ritz-Carlton towers that remade the citys skyline. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. 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.. 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. Sears had been at the west end in 227,316 square feet. The Galleria at White Plains opened in 1980. "Theres a lot going on there.. 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. A walkthrough of the Galleria mall in White Plains NY. Share your opinion with users and insert mall rating and reviews for The Galleria at White Plains. 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. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. Please check back with https://www.realestateindepth.com for further updates. Previous anchors at the Galleria included Abraham & Straus and JCPenney. International Womens Day Continues with Bevz Talks. 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. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. 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." On the heels of the closings of numerous tenantsincluding anchors Sears and Macysowner Pacific Coast Retail Partners (PCRP) appears set to invest in a multi-million dollar overhaul. The City of White Plains owns the adjacent 2,800-car parking garage. White Plains NY. 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 has 863,715 square feet of gross leasable area. 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. 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. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. It went on to detail coding a portion of the mall in order to follow through with such a plan. 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. I work hard and I know I can make it. Plow Truck Leaves Behind Hazard on Hudson Valley Roadway, $7,500+ Stolen From SNAP Funding in the Hudson Valley. Josh Veloso, who shopped during lunch break, said he still prefers shopping at the old mall to shopping online. Your California Privacy Rights / Privacy Policy. 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. 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. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various 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. So, thats a positive. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. Tenants are receiving. During the holiday season, the mall's promotional slogan was "We bring more good things to Christmas. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. 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. ft. of gross leasable area across four floors. 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: This is one of the most exciting mixed-use development sites in the New York Metro Area, said Steve Plenge, CEO of PRCP. 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. 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. 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. 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. They wanted those stores out. 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. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. Those buildings are getting knocked down, Roach said. This project is going to take a while," Roach said. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Original story [HERE] Macy's sells White Plains store to Galleria owner for $27 million, to remain open The City of White Plains owns the adjacent 2,800-car parking garage. It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. The lease for Sears at the Galleria in White Plains was not sold to Seritage. 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. NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 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. 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. 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. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. Set to close for good on March 1st. 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. I have great customers and I take them as family, he said. Those buildings are getting knocked down, Roach said. 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. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. The Galleria is conveniently located at the intersection of Main Street and Dr. Martin Luther King Boulevard . I dont think anyone thinks that that garage is worth keeping. 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. According to Pasternak, the plan to redevelop well-located Sears stores into mixed retail and housing was aimed. r/deadmalls . 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. They want to do residential buildings but there would be not a mall, White Plains Mayor Tom Roach told the Business Journals. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. 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 Railroad. He said he'll go to The Westchester mall a few blocks away when the Galleria is no more. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. 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. 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. Both Macys and Sears shut their anchor stores at the Galleria at White Plains in the first quarter of 2021. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. [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 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. 2 (Rockville, Maryland) . 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. 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. 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. Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. Pacific Retail Capital Partners is headquartered in El Segundo, CA and Aareal Bank is based in Wiesbaden, Germany. They wanted to get Sears out for a while, and now Macys.. 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. It currently has more than 20 million square feet in its development and construction pipeline. Abraham & Straus occupied the east anchor spot until converting to Stern's in 1995 and being replaced by Macy's on July 15, 2001. Interested in learning how a business association can help grow and develop your business? 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.. "[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. 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. 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. 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. 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. It opened in the summer of 1980 and was the first of three Gallerias to open in the fall of 1980 around the nation, the others being Sherman Oaks and Fort Lauderdale. Middletown, NY Schools Locking Students Cell Phones in Pouches, Controversial Creator of Dilbert Grew Up in The Hudson Valley. 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 . 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. Macys sold the building to PCRP for $27 million in 2019. The mall has seen many big-name retailers leave in recent years, and growing numbers of store vacancies, as mall shopping has declined in popularity nationally as online shopping boomed. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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. Link: https://westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/ The Galleria at White Plains address: 100 Main St, White Plains, New York - NY 10601 - 2601. 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 owners . WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. The spaces are worth keeping, but in a more modern structure.. 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,. Roach said that creating a pedestrian-friendly environment would be an important part of what he wants to see in a redevelopment plan. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. On November 10, 2020, it was announced Sears would close. The $650 million redevelopment two. 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. Most of the anchor s. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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