WHITE PLAINS On the Tuesday before Christmas, the Galleria mall was filled with shoppers. 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. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. Interested in learning how a business association can help grow and develop your business? The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. 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. Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. Both Macys and Sears shut their anchor stores at the Galleria at White Plains in the first quarter of 2021. 3 Westchester Park Drive. 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. I have great customers and I take them as family, he said. The Galleria at White Plains is an important property in Westchester County and the region. The two new partners bring extensive local multi-family and office experience to the partnership. Builder. Abraham & Straus occupied the east anchor spot until converting to Stern's in 1995 and being replaced by Macy's on July 15, 2001. 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. Only one fountain was still on :( The Galleria at White Plains, White Plains NY. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . The plan involves the demolition of the Macys along Court Street. Previous anchors at the Galleria included Abraham & Straus and JCPenney. Representing & supporting the Hudson Valley Construction Industry. 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. 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. 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, 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. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. Ebo Yumus, owner of IFix & Accessorize It, said he hopes to move to another shopping center, either in White Plains or Port Chester. The newly created area will be used as outdoor space, including dining possibilities. The Galleria at White Plains opened in 1980. And to be real, unless you looked a certain way. 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. He envisions a new space that would include a lot of room for people to walk and facilitate more outdoor activities. The existing Galleria White Plains has been a community staple for many years. So, thats a positive. $744,500 - $5,200,000 View Developer's Website. Your California Privacy Rights / Privacy Policy. 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. On Dec. 8, city and county dignitaries joined RXR . 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. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. 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. 629 Old White Plains Road He followed this with the 46-story Ritz-Carlton towers that remade the citys skyline. Stewarts Brings Back Fan-Favorite Ice Cream for Limited Time! 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. No financial terms of the joint venture partnership were released. The lease for Sears at the Galleria in White Plains was not sold to Seritage. Cappelli is credited with jumpstarting the renaissance of downtown White Plains with its City Center retail and residential project. 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. However the developer of that White Plains Mall . Singh said he has seen ups and downs in businesses over the last decade. 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 served a nice middle ground. 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 . It's long been said that the mall, a giant block of a building, restricts downtown movement for pedestrians. Its going to probably be the biggest development project that the citys going to see. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. Josh Veloso, who shopped during lunch break, said he still prefers shopping at the old mall to shopping online. Were struggling, but I have confidence and experience. The Galleria is conveniently located at the intersection of Main Street and Dr. Martin Luther King Boulevard . 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. Can Downtown White Plains Save the Galleria Mall? Negotiations on that lease by the DMV are now being conducted, if not already completely. 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. 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. 3 min read. The company said it has more than $3 billion in retail assets currently under management. REDEVELOPMENT IN . They wanted those stores out. Others hope for a final revenue boost over the holiday season and will start looking at new locations afterward. 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 . Since then, the retailer has leased the property, and the location is currently in the midst of a store-closing sale. 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. Galleria White Plains, New York: Pacific Retail Capital Partners (PRCP) The mall has 865,000 gross leasable SF in its four levels. 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. 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. 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. 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 . Macys sold the building to PCRP for $27 million in 2019. Tenants are receiving. White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . It holds interests in 64 buildings totaling 34.4 million square feet. A walkthrough of the Galleria mall in White Plains NY. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. 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. SL Green Realty Corp. is a real estate investment trust (REIT) that is focused primarily on Manhattan commercial properties. One of the developers, Louis R. Cappelli, has had a presence in White Plains for decades and is known for developing the nearby 46-story Ritz-Carlton towers. 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 mall includes 865,000 sq. 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. 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.. 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. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. So, thats a positive. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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 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. It went on to detail coding a portion of the mall in order to follow through with such a plan. The Galleria at White Plains is an important property in Westchester County and the region. Link: https://westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/ Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. It counts 2,840 available parking spaces. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. On November 10, 2020, it was announced Sears would close. 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. 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. Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. $2,295,000 - $2,395,000. 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. Galleria White Plains, White Plains NY. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. 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.'. Referring to the great wall of the Galleria, Roach says the rehabilitation of the downtown area including and surrounding the mall was one of his first goals as mayor. 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. 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. Strategically positioned, The Galleria attracts administrative professionals from the surrounding six million square feet of office space within walking distance. This project is going to take a while," Roach 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. 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