In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. Read the latest issue of Westchester magazine for FREE! The Galleria was built by Cadillac Fairview and opened in the summer of 1980. 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. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. 3 min read. CTRL + SPACE for auto-complete. 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. 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 municipal garages next to the Galleria have 2,792 parking spaces. 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. 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 Cappelli Organization has been the catalyst for the rebirth of the White Plains downtown and involved with numerous residential, office and retail development projects in greater Westchester County. 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. 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. 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. 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. 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. SL Green Realty Corp. is a real estate investment trust (REIT) that is focused primarily on Manhattan commercial properties. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS According to Pasternak, the plan to redevelop well-located Sears stores into mixed retail and housing was aimed. 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. 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 redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. 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. [9] On December 21, 2022, PRCP announced that the Galleria at White Plains would close in March, 2023 for redevelopment.[3]. 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. The development at 200 Hamilton Avenue will take shape at the site of the White Plains Mall. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. 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. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. International Womens Day Continues with Bevz Talks. Tarrytown NY 10591. It counts 2,840 available parking spaces. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. 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. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. Since then, the retailer has leased the property, and the location is currently in the midst of a store-closing sale. 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. Save my name, email, and website in this browser for the next time I comment. "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. Posted Mon, Nov 1, 2021 at 3:12 pm ET. $2,295,000 - $2,395,000. Pacific Retail Capital Partners is headquartered in El Segundo, CA, and Aareal Bank is based in Wiesbaden, Germany. 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. The mall itself, the center building, will be completely rehabbed under the concepts that Ive seen, Roach says. Pleasantville 149,128 Chappaqua . 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 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. 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. Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. White Plains NY. The spaces are worth keeping, but in a more modern structure.. 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. In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. The plan involves the demolition of the Macys along Court Street. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. (A separate story will be forthcoming on the solar project.). The new store will be better than this one.". Representing & supporting the Hudson Valley Construction Industry. In the 1970s, the White Plains Mall was a 3.74-acre state-of-the-art shopping center that served as a bustling center for the City. No purchase price was reported. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. No financial terms of the joint venture partnership were released. You have entered an incorrect email address! 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. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. Builder. 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.. 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. PRCP said in its statement that management is working with the tenants to ensure a smooth transition. 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 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. This is one of the most exciting mixed-use development sites in the New York Metro Area, said Steve Plenge, CEO of PRCP. All rights reserved. The first phase of the redevelopment is expected to be completed by the end of 2020. 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. 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." Plenge said that. The Galleria moved from the It spot in White Plains to the "ghetto" mall. On November 10, 2020, it was announced Sears would close. $744,500 - $5,200,000 View Developer's Website. 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. 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. 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.. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. Abraham & Straus occupied the east anchor spot until converting to Stern's in 1995 and being replaced by Macy's on July 15, 2001. He has been a longtime critic of the stark exterior of the existing mall. Construction Industry Council Westchester & Hudson Valley Inc. 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. 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. WHITE PLAINS On the Tuesday before Christmas, the Galleria mall was filled with shoppers. SL Green is the largest owner of office real estate in New York City and one of the largest in Westchester County. 287 684 95 87 BOULEVARD. The Galleria is closing in March. 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. The Galleria White Plains is an indoor shopping mall and main shopping destination that serves Westchester County and the Bronx. Related: Can Downtown White Plains Save the Galleria Mall? However the developer of that White Plains Mall . 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 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. High-rise residential towers have already drawn thousands of new residents to this rapidly evolving area. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. Where to Shop in Westchester for Small Business Saturday, 7 Westchester Eateries for Healthful, Healing Food, A Scarsdale Resident on the Power of Textiles During the Holocaust. 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 . Two of the chief anchorsMacys and Sears have both shuttered stores there. 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