Abraham & Straus occupied the east anchor spot until converting to Stern's in 1995 and being replaced by Macy's on July 15, 2001. Pacific Retail Capital Partners is headquartered in El Segundo, CA and Aareal Bank is based in Wiesbaden, Germany. White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . 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. Photos of 2022: Moving on, post-pandemic, through grief and determination, Teen's healthcare app: Help Latinos access health care providers, Top eats of 2022: Lohud's best dishes include Johnny cakes, short ribs. When the Westchester first opened, no one under 16 years old could move hassle free unless you had a bag. After some delay, construction has officially commenced on Hamilton Green, a $650-millon mixed-use project that will be undertaken in phases. 2023 www.lohud.com. 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.. Those buildings are getting knocked down, Roach said. 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. Westchester County, NY, New Rochelle Downtown Restaurant APPRECIATION Week, MISS SAIGON Presented By White Plains Performing Arts Center, Terra Gaucha brings southern Brazilian cuisine to downtown Stamford, Breeze Airways takes on new omnipresence at regional airports, Dodge Charger owner sues mechanic for delivering unrestored car, Bernstein Private Wealth Management opens Stamford office, New partner at Westports CastleKeep Investment Advisors. All rights reserved. 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 mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. 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.. 287 684 95 87 BOULEVARD. 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. White Flint Mall Pt. 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. Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. Roach said that the announcement did not come as a surprise to the city, since officials have been in regular talks with the malls owners for many months regarding the future of the mall and the status of the city-owned garages. Copyright 2023 Construction Industry Council Westchester & Hudson Valley Inc. | Designed by Lunasa Technologies LLC. 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.. 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. Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. Related: Can Downtown White Plains Save the Galleria Mall? 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. 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 mall for what was being referred to as a 'massive mixed-use project. 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. 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. Youll lose that disconnect that the current mall imposes.. 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. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . 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 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. 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. It went on to detail coding a portion of the mall in order to follow through with such a plan. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. 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. 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. Store employees were busy helping with last-minute gifts and the food court was typically crowded. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. On Dec. 8, city and county dignitaries joined RXR . A development-and-construction team from the Cappelli Organization is behind the $600 million project, known as Hamilton Green, which will feature residential, retail, and restaurant space. Tarrytown NY 10591. Link: https://westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/ Previous anchors at the Galleria included Abraham & Straus and JCPenney. (A separate story will be forthcoming on the solar project.). The company said it has more than $3 billion in retail assets currently under management. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. The mall has seen many big-name retailers leave in recent years, and growing numbers of store vacancies, as mall shopping has declined in popularity nationally as online shopping boomed. Westchester County, NY, New Rochelle Downtown Restaurant APPRECIATION Week, MISS SAIGON Presented By White Plains Performing Arts Center, Cuomo blasts critics; Schumer and Gillibrand say he should go, Family feud stifles Simone offer for Mount Vernon warehouse, Dodge Charger owner sues mechanic for delivering unrestored car, Bernstein Private Wealth Management opens Stamford office, New partner at Westports CastleKeep Investment Advisors. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Photos of. 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. His current priority is to clear the $13,000 worth of holiday merchandise that he had purchased before he learned of the mall's closing last week. "Our goal is to provide an opportunity for their businesses to continue. The owner of the 870,000-sq-ft, four-level retail propertyPacific Retail Capital Partners and Aareal Bankannounced 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. 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 likelihood is that the garage would be removed but we would require as part of any kind of deal thats done here that the parking spaces currently being used will be available in the new parking that was requited for a new project, Roach said. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. 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.. I have great customers and I take them as family, he said. No financial terms of the joint venture partnership were released. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}410153N 734615W / 41.031262N 73.770876W / 41.031262; -73.770876, Last edited on 27 February 2023, at 04:52, "Galleria at White Plains Pacific Retail Capital Partners", https://galleriaatwhiteplains.com/center-info/, "A final holiday season: Galleria mall in White Plains is closing in March", "STERN'S SITE IN WHITE PLAINS TO BECOME MACY'S IN JULY", "The Galleria White Plains New York Christmas Commercial", "Man gets 25 to life in racial killing at mall", "Spot the Local Scenery in Bo Burnham's Debut Film 'Eighth Grade', "Last Sears in Westchester to close its doors in February", "Developers to Explore Mixed Uses for White Plains Galleria", "POSTINGS: The White Plains Macy's Is Moving;Downtown Centerpiece Packing Up for the Galleria", Galleria at White Plains official website, https://en.wikipedia.org/w/index.php?title=Galleria_at_White_Plains&oldid=1141855489, This page was last edited on 27 February 2023, at 04:52. The municipal garages next to the Galleria have 2,792 parking spaces. So, thats a positive. 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,. PCRP purchased the Galleria at White Plains for an estimated $120 million. 3 Westchester Park Drive. Remember When This SUNY New Paltz Grad Went Missing in Maryland? 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 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 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. When the Galleria first opened, it was considered the cornerstone in the urban renewal redevelopment of White Plains downtown. 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. White Plains NY. 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. (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . Set to close for good on March 1st. The tunnel over Martin Luther King Boulevard that runs through the Galleria will be brightened and made more appealing as well. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. 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. 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. 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. 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 . 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. 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. [6], Interior shots of the mall were used in the 2018 film Eighth Grade as well as the 2022 film Somewhere in Queens.[7]. 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. Plenge said that they anticipate closing a portion of the Galleria early next year to begin the redevelopment. Its going to probably be the biggest development project that the citys going to see. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. During the holiday season, the mall's promotional slogan was "We bring more good things to Christmas. The mall includes 865,000 sq. 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. runs directly underneath the mall. International Womens Day Continues with Bevz Talks. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Behind the bustling holiday shopping scene, tenants are pondering their next step: moving to another location or closing entirely. 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. Copyright Westfair Business Publications, White Plains Galleria may soon be making way for major development project, AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. 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." Others hope for a final revenue boost over the holiday season and will start looking at new locations afterward. So, thats a positive. 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 mall featured the major anchors Macys and Sears, and junior anchors Forever 21 and H&M, all of which had since permanently closed down. PCRP purchased the Galleria at White Plains for an estimated $120 million. Galleria White Plains, White Plains NY. 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.. 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. We understand the difficulty posed by transitioning," the statement said. 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