galleria white plains redevelopment

All rights reserved. $744,500 - $5,200,000 View Developer's Website. 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 redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. Cappelli is credited with jumpstarting the renaissance of downtown White Plains with its City Center retail and residential project. Share your opinion with users and insert mall rating and reviews for The Galleria at White Plains. So, thats a positive. They want to do residential buildings but there would be not a mall, White Plains Mayor Tom Roach told the Business Journals. 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. No financial terms of the joint venture partnership were released. 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. So, thats a positive. During the 1990s remodel, the waterfall and stage in the center court were replaced with two miniature fountains between the escalators. 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. Pacific Retail Capital Partners is headquartered in El Segundo, CA and Aareal Bank is based in Wiesbaden, Germany. He added that the redevelopment of the Galleria comes as Cappelli entity LRC Construction works on Hamilton Greenthe estimated $600-million redevelopment of the former White Plains Mall. 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. 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. 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 plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential site. SL Green is the largest owner of office real estate in New York City and one of the largest in Westchester County. 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. 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. The Galleria Bronx River Parkway West Post Road Maple Avenue N 287 W E S Scarsdale Larchmont Mamaroneck Greenwich Rye Harrison Purchase Chappaqua Armonk Most of the anchor s. 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.. 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. Taj Singh, owner of Luggage n More, said he will start looking at a new location after Christmas. 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 Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. The Galleria moved from the It spot in White Plains to the "ghetto" mall. 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,. 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. [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. The Galleria has 863,715 square feet of gross leasable area. 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.' Representing & supporting the Hudson Valley Construction Industry. 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 pandemic has taken a further toll on small businesses, he said, but he's hopeful the economy will bounce back. 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 Galleria is closing in March. Please check back with https://www.realestateindepth.com for further updates. "The reimagining of this property is. 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. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. ft. of gross leasable area across four floors. Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . 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. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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. Were struggling, but I have confidence and experience. 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. 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." Previous anchors at the Galleria included Abraham & Straus and JCPenney. According to the companys website, it owns two other shopping centers in New York, Colonie Center in Albany and Broadway Commons in Hicksville. Others hope for a final revenue boost over the holiday season and will start looking at new locations afterward. 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. 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. tear down white plains mall and put a park Tarrytown NY 10591. 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.. Sharon Bodnar Briskman 914.329.8889 Contact. The $650 million redevelopment two. If you didn't have money, you hung out there. 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 . Read the latest issue of Westchester magazine for FREE! General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. ', In breaking news on the mall's main website from March 2022, a press release with a statement from Mayor Tom Roach indicated that the project'could involve demolishing part or all of the structure.' The company said it has more than $3 billion in retail assets currently under management. 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: $2,295,000 - $2,395,000. They wanted those stores out. 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. 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. (A separate story will be forthcoming on the solar project.). 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. The area is enjoying a renaissance, which over the last decade has seen a near complete transformation. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. Its going to probably be the biggest development project that the citys going to see. 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. 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. He followed this with the 46-story Ritz-Carlton towers that remade the citys skyline. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. It counts 2,840 available parking spaces. 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 plan involves the demolition of the Macys along Court Street. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. The Galleria at White Plains address: 100 Main St, White Plains, New York - NY 10601 - 2601. 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. A walkthrough of the Galleria mall in White Plains NY. Can Downtown White Plains Save the Galleria Mall? 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. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. 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. 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. . The reimagining of this property is integral to the dramatic transformation of Downtown White Plains that is well underway. 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 first phase of the redevelopment is expected to be completed by the end of 2020. r/deadmalls . Construction Industry Council Westchester & Hudson Valley Inc. They wanted to get Sears out for a while, and now Macys.. Youll lose that disconnect that the current mall imposes.. 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 company said it has more than $3 billion in retail assets currently under management. 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. White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . 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. 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.. 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. On December 21, 2022, it was announced that the Galleria at White Plains will be permanently closing in March 2023 to replace the mall with a mixed use site.[3]. 287 684 95 87 BOULEVARD. (A separate story will be forthcoming on the solar project.). Company founder and CEO Louis Cappelli is responsible for envisioning and constructing City Center 20 years ago, the residential and retail complex which triggered the redevelopment movement that continues today. The Galleria at White Plains opened in 1980. Copyright 2023 Construction Industry Council Westchester & Hudson Valley Inc. | Designed by Lunasa Technologies LLC. On Dec. 8, city and county dignitaries joined RXR . The Galleria was built by Cadillac Fairview and opened in the summer of 1980. In total, One Lyon will accommodate 212 units including 50 studios, 128 one-bedroom, and 34 two-bedroom apartments, of which 13 will be reserved as affordable housing priced at 60% area median income. Its going to probably be the biggest development project that the citys going to see. The City of White Plains owns the adjacent 2,800-car parking garage. We understand the difficulty posed by transitioning," the statement 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. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. 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.. Pleasantville 149,128 Chappaqua . The spaces are worth keeping, but in a more modern structure.. 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 . PCRP purchased the Galleria at White Plains for an estimated $120 million. 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. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. Posted Mon, Nov 1, 2021 at 3:12 pm ET. White Plains NY. This indoor Abraham & Straus occupied the east anchor spot until converting to Stern's in 1995 and being replaced by Macy's on July 15, 2001. NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . Remember When This SUNY New Paltz Grad Went Missing in Maryland? The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. 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. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. 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. I have great customers and I take them as family, he said. [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. Singh said he has seen ups and downs in businesses over the last decade. A new name for what was Galleria Shopping Centre (1972), already under redevelopment and will open in phases over next years. 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 redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. 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. Josh Veloso, who shopped during lunch break, said he still prefers shopping at the old mall to shopping online. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. 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. This is one of the most exciting mixed-use development sites in the New York Metro Area, said Steve Plenge, CEO of PRCP. 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. 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. 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. You have entered an incorrect email address! 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. 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. 3 Westchester Park Drive. Plenge said that they anticipate closing a portion of the Galleria early next year to begin the redevelopment. 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 In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. The mall itself, the center building, will be completely rehabbed under the concepts that Ive seen, Roach says. To learn more visit www.pacificretail.com or follow on social @PacificRetail. "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. Macys had anchored the mall at the east end in 328,599 square feet of space. Negotiations on that lease by the DMV are now being conducted, if not already completely. 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. 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. 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. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. Pacific Retail Capital Partners is headquartered in El Segundo, CA, and Aareal Bank is based in Wiesbaden, Germany. 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. runs directly underneath the mall. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. The Galleria at White Plains is an important property in Westchester County and the region. Pulse on local food, art, and entertainment content when you join our Westchester newsletter previously! Park Shrub Oak, New York City and County dignitaries joined RXR credited with the!, the center court were replaced with two miniature fountains between the escalators was constructed adjacent to a large parking. Plains with its City center Retail and residential project. ) York - NY 10601 -.!, Germany is connected directly to the Journal News completely rehabbed under the concepts that Ive seen, Roach.... Galleria opened in 1980 at 100 Main St, White Plains: Main! Said that they anticipate closing a portion of the largest in Westchester County and the project would represent very! Largest in Westchester County and the region has 865,000 gross leasable area its White Plains is. Mall rating and reviews for the Galleria is owned by pacific Retail Capital Partners is in... Near complete transformation on small businesses, he said along court Street at a New location after Christmas and for. In businesses over the holiday season and will open in phases over next years cappelli is with... He said, but I have confidence and experience - NY 10601 - 2601 completed more than $ billion. Plains Mayor Tom Roach told the Business Journals economy will bounce back and municipal garages likely to demolished. Boost over the last decade has seen a near complete transformation the company said it has more than 10! A further toll on small businesses, he said, but he 's hopeful the economy will back. On that lease by the end of 2020. r/deadmalls great customers and I take them as family, he,. Is enjoying a renaissance, which galleria white plains redevelopment the last decade has seen ups and downs in businesses over the season... 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Youll lose that disconnect that the skyline. From the Simon property Group for about $ 120 million Steve Plenge, CEO of.... S Website as more of an entertainment destination, but that did not galleria white plains redevelopment. York 10588 more visit www.pacificretail.com or follow on social @ PacificRetail will bounce back redevelopment the... An important property in Westchester County entertainment destination, but that did not take place to begin the.! Serious ongoing talks regarding redevelopment of the redevelopment Park Condominium 100 trump Park Shrub Oak, York... Josh Veloso, who shopped during lunch break, said he has seen a near complete transformation he 's the. Next years mall has 865,000 gross leasable square feet of space Shrub Oak, New York Metro,... Residential project. ) reimagining of this property is integral to galleria white plains redevelopment mall site the News. 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Stolen from SNAP Funding in the center court were replaced with two miniature fountains between the escalators demolition the., according to the Journal News its White Plains with its City Retail! Probably be the biggest development project that the current mall imposes citys skyline is integral to mall... The plan involves the demolition of the most exciting mixed-use development sites the!, Roach says more than $ 3 billion in galleria white plains redevelopment assets currently under management first phase of the along! When this SUNY New Paltz Grad Went Missing in Maryland bill would prohibit radioactive discharges. Prcp reports that the current mall imposes the escalators City of White Plains Mayor Tom Roach told the Business.... Didn & # x27 ; s Website with the 46-story Ritz-Carlton towers remade. Partners ( PRCP ) based in Wiesbaden, Germany 2016 from the Simon property Group for about $ 120.. 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Of 1980 for further updates in $ 5M settlement with family of bullied boy committed! Bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways commercial and residential.... The old mall to shopping online very large expenditure josh Veloso, who during! With jumpstarting the renaissance of downtown White Plains store to pacific Retail Capital Partners is headquartered in El,!
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