The Galleria has 863,715 square feet of gross leasable area. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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." 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. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. The Galleria at White Plains address: 100 Main St, White Plains, New York - NY 10601 - 2601. The owners . 3 min read. Posted Mon, Nov 1, 2021 at 3:12 pm ET. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. High-rise residential towers have already drawn thousands of new residents to this rapidly evolving area. Closing for redevelopment on March 1st. 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. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. 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 . 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. 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. Its going to be opened up, so youll be able to walk through it. 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. Pacific Retail Capital Partners is headquartered in El Segundo, CA, and Aareal Bank is based in Wiesbaden, Germany. 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 area is enjoying a renaissance, which over the last decade has seen a near complete transformation. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. 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: It declined to make further comment, citing that plans are still evolving. The $33million Westchester County Courthouse (1974), the Westchester One office building (1975), the $5.5 million Galleria at White Plains shopping mall (1978), the $13 million White Plains Library (1973), and the drastically renovated $20 million New York Telephone Building were located at the center of the development. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. The municipal garages next to the Galleria have 2,792 parking spaces. Representing & supporting the Hudson Valley Construction Industry. 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. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. The lease for Sears at the Galleria in White Plains was not sold to Seritage. 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 first phase of the redevelopment is expected to be completed by the end of 2020. There had been speculation that residential towers would be proposed for the sites formerly occupied by those anchor stores and the retail space in the center of the property would be maintained. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. 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. 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. Galleria White Plains, New York: Pacific Retail Capital Partners (PRCP) The mall has 865,000 gross leasable SF in its four levels. 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. However the developer of that White Plains Mall . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. According to Pasternak, the plan to redevelop well-located Sears stores into mixed retail and housing was aimed. They wanted those stores out. Documenting, discussing, and supporting new development. Original story [HERE] Macy's sells White Plains store to Galleria owner for $27 million, to remain open The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. The $650 million redevelopment two. $2,295,000 - $2,395,000. The spaces are worth keeping, but in a more modern structure.. 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 municipal garages next to the Galleria have 2,792 parking spaces. PCRP purchased the Galleria at White Plains for an estimated $120 million. Negotiations on that lease by the DMV are now being conducted, if not already completely. 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 reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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. 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, 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, 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. 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 Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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 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 plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential site. Can Downtown White Plains Save the Galleria Mall? In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. So, thats a positive. In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. "The reimagining of this property is. 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. Its going to probably be the biggest development project that the citys going to see. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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. CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. The Galleria at White Plains, a popular Westchester County shopping mall, will be closing their doors come March 2023. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . The Galleria includes prime retailers like H&M, Forever 21, Foot Locker, American Eagle and The Halal Guys. Copyright Westfair Business Publications, White Plains Galleria may soon be making way for major development project, AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. Some stores are having clearance sales as they are ending operations by the end of this year. 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. Those buildings are getting knocked down, Roach said. 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. 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. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. 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. To learn more visit www.pacificretail.com or follow on social @PacificRetail. "Our goal is to provide an opportunity for their businesses to continue. White Plains NY. 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. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. As we close the center, we are committed to working with the tenants to assist them in making a smooth transition.". 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. Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. The Galleria White Plains is an indoor shopping mall and main shopping destination that serves Westchester County and the Bronx. 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. 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: NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS Middletown, NY Schools Locking Students Cell Phones in Pouches, Controversial Creator of Dilbert Grew Up in The Hudson Valley. the people there say they need "more green space" when white plains has a billion parks already. Tav1 Development. Read the latest issue of Westchester magazine for FREE! On November 10, 2020, it was announced Sears would close. Macys sold the building to PCRP for $27 million in 2019. 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 redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. 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. Previous anchors at the Galleria included Abraham & Straus and JCPenney. The company said it has more than $3 billion in retail assets currently under management. Galleria at White Plains mall closing for good 02:00. Pacific Retail Capital Partners is headquartered in El Segundo, CA and Aareal Bank is based in Wiesbaden, Germany. 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. 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. Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. the westchester mall is high end. Singh said he has seen ups and downs in businesses over the last decade. 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. 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. 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. 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 Galleria at White Plains is an important property in Westchester County and the region. 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. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. 2 (Rockville, Maryland) . 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. 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. 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 (32km) north of New York City. 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. 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 galleria served a nice middle ground. REDEVELOPMENT IN . This dead mall is set to close in March and to be converted into a mix use site. 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. Pacific Retail Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. 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