The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. 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. 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. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. Galleria at White Plains mall closing for good 02:00. 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. The two new partners bring extensive local multi-family and office experience to the partnership. 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. The Galleria at White Plains, a popular Westchester County shopping mall, will be closing their doors come March 2023. Posted Mon, Nov 1, 2021 at 3:12 pm ET. 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, 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, encompasses 10 acres in a Qualified Opportunity Zone in Downtown White Plains adjacent to the Metro North transit hub. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. (A separate story will be forthcoming on the solar project.). Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Builder. 3 min read. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. 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. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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. 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. Plenge said that they anticipate closing a portion of the Galleria early next year to begin the redevelopment. 2 (Rockville, Maryland) . I cant get into who else is involved, but there are big investors who will put substantial money into this project.. 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. Its going to probably be the biggest development project that the citys going to see. I dont think anyone thinks that that garage is worth keeping. Previous anchors at the Galleria included Abraham & Straus and JCPenney. The $650 million redevelopment two. This indoor 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. 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. It counts 2,840 available parking spaces. This project is going to take a while," Roach said. The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. 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 City of White Plains owns the adjacent 2,800-car parking garage. Were struggling, but I have confidence and experience. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. So, thats a positive. I have great customers and I take them as family, he said. 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. We understand the difficulty posed by transitioning," the statement said. Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. It went on to detail coding a portion of the mall in order to follow through with such a plan. (A separate story will be forthcoming on the solar project.). 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 westchester mall is high end. Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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. Copyright Westfair Business Publications, White Plains Galleria may soon be making way for major development project, AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. To learn more visit www.pacificretail.com or follow on social @PacificRetail. The existing Galleria at White Plains has been a community staple for many years, Plenge says. [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. Macys sold the building to PCRP for $27 million in 2019. [6], Interior shots of the mall were used in the 2018 film Eighth Grade as well as the 2022 film Somewhere in Queens.[7]. 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. 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. 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. 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. The $650 million redevelopment two. The pandemic has taken a further toll on small businesses, he said, but he's hopeful the economy will bounce back. I think were going to turn it into something thats alive with street life, like what you see on Mamaroneck Avenue.. Original story [HERE] Macy's sells White Plains store to Galleria owner for $27 million, to remain open 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. Documenting, discussing, and supporting new development. 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. 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. 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 Galleria moved from the It spot in White Plains to the "ghetto" mall. "Theres a lot going on there.. Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. Tenants are receiving. Photos of. 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 . 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. 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. Most of the anchor s. 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. 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 reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. The municipal garages next to the Galleria have 2,792 parking spaces. 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. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. 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. As we close the center, we are committed to working with the tenants to assist them in making a smooth transition.". In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. If you didn't have money, you hung out there. 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. 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. . Those buildings are getting knocked down, Roach said. Copyright 2023 Construction Industry Council Westchester & Hudson Valley Inc. | Designed by Lunasa Technologies LLC. Sharon Bodnar Briskman 914.329.8889 Contact. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. We definitely want to see more trees, we definitely want to see a recognition of what weve already created on the Court Street end, but make it a place where people will want to walk and spend time, or go shop or whatever, but make it a gathering place., Roach said he did not know when a formal proposal would be submitted but figures it will be sooner rather than later.. Read the latest issue of Westchester magazine for FREE! 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 did not have a timetable for when redevelopment plans might be formally submitted but indicated that steady progress is being made in creating them. Stewarts Brings Back Fan-Favorite Ice Cream for Limited Time! It declined to make further comment, citing that plans are still evolving. He has been a longtime critic of the stark exterior of the existing mall. Save my name, email, and website in this browser for the next time I comment. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. [4] The west anchor JCPenney closed on April 28, 2001, and was left vacant until September 2003 when Sears moved in. 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. You have entered an incorrect email address! 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