galleria white plains redevelopment
The Galleria at White Plains is an important property in Westchester County and the region. Both Macys and Sears closed anchor stores at the Galleria at White Plains in the first quarter of 2021. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. 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. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. Retail Buildings New York White Plains 90-102 E Post Rd, White Plains, NY 10601 Investment Highlights Stabilized Tenancy & Great Cash Flow On-Site Parking: Property contains parking lot in rear of the building Redevelopment Potential B-3 zoning allows for 28,750 Buildable Square Feet Since then, the retailer has leased the property, and the location is currently in the midst of a store-closing sale. 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 . 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." Strategically positioned, The Galleria attracts administrative professionals from the surrounding six million square feet of office space within walking distance. "Theres a lot going on there.. 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. Its going to probably be the biggest development project that the citys going to see. 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. Pacific Retail Capital Partners is headquartered in El Segundo, CA and Aareal Bank is based in Wiesbaden, Germany. Sharon Bodnar Briskman 914.329.8889 Contact. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. The Galleria is closing in March. 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. 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.. The two new partners bring extensive local multi-family and office experience to the partnership. 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. Your California Privacy Rights / Privacy Policy. The mall includes 865,000 sq. 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. 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. [8] On January 5, 2021, Macy's announced as part of a strategy to focus on their highest achieving locations that they would be closing. 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 connectivity would be that whatever retail is there you could access from outside and you would be able to walk through the project, across it and lengthwise.. It went on to detail coding a portion of the mall in order to follow through with such a plan. Interested in learning how a business association can help grow and develop your business? The Galleria was built by Cadillac Fairview and opened in the summer of 1980. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. More recently, in early November, another update was posted on the mall website discussing a new masterplan and design intending to 'build upon the remarkable renaissance under way in Downtown White Plains.' 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 Galleria moved from the It spot in White Plains to the "ghetto" mall. 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 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. 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. 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. Cappelli is credited with jumpstarting the renaissance of downtown White Plains with its City Center retail and residential project. The owners of T he Galleria at White Plains are teaming up with two prominent development firms to explore mixed uses for the retail center that has been a downtown draw for the last 42 years. Since 1980, the Galleria at White Plains has been a prominent shopping location for Westchester residents, but come March 2023 it appears that shopping will be no more in White Plains. 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. 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 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. Tarrytown NY 10591. Roach said that creating a pedestrian-friendly environment would be an important part of what he wants to see in a redevelopment plan. 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. Galleria at White Plains mall closing for good 02:00. Read the latest issue of Westchester magazine for FREE! r/deadmalls . PRCP said in its statement that management is working with the tenants to ensure a smooth transition. 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 plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential site. He followed this with the 46-story Ritz-Carlton towers that remade the citys skyline. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. As we close the center, we are committed to working with the tenants to assist them in making a smooth transition.". The Galleria opened in 1980 at 100 Main Street in White Plains. All rights reserved. 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: 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.. According to the companys website, it owns two other shopping centers in New York, Colonie Center in Albany and Broadway Commons in Hicksville. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. Original story [HERE] Macy's sells White Plains store to Galleria owner for $27 million, to remain open The site is the last large redevelopment site in the Hamilton Avenue-Main Street corridor that ties the citys Metro-North station and transportation hub with the existing Galleria at White Plains in the heart of the downtown. Write CSS OR LESS and hit save. The area is enjoying a renaissance, which over the last decade has seen a near complete transformation. 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.. 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. NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS 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. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. ft. of gross leasable area across four floors. [6], Interior shots of the mall were used in the 2018 film Eighth Grade as well as the 2022 film Somewhere in Queens.[7]. WHITE PLAINS On the Tuesday before Christmas, the Galleria mall was filled with shoppers. Its going to be opened up, so youll be able to walk through it. ', In breaking news on the mall's main website from March 2022, a press release with a statement from Mayor Tom Roach indicated that the project'could involve demolishing part or all of the structure.' 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. REDEVELOPMENT IN . 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. Pacific Retail Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. 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. Also, the Westchester made sure the teenaged element had no where to go. Pacific Retail Capital Partners is headquartered in El Segundo, CA, and Aareal Bank is based in Wiesbaden, Germany. 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. 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. 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 is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. [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. International Womens Day Continues with Bevz Talks. Sears had been at the west end in 227,316 square feet. The pandemic has taken a further toll on small businesses, he said, but he's hopeful the economy will bounce back. Can Downtown White Plains Save the Galleria Mall? (A separate story will be forthcoming on the solar project.). 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 City of White Plains owns the adjacent 2,800-car parking 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." Plenge said that. 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. [4] The west anchor JCPenney closed on April 28, 2001, and was left vacant until September 2003 when Sears moved in. 3 min read. $744,500 - $5,200,000 View Developer's Website. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. 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 mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. runs directly underneath the mall. No financial terms of the joint venture partnership were released. Read the latest issue of Westchester magazine for FREE! Taj Singh, owner of Luggage n More, said he will start looking at a new location after Christmas. 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. If you didn't have money, you hung out there. Please check back with https://www.realestateindepth.com for further updates. On December 21, 2022, it was announced that the Galleria at White Plains will be permanently closing in March 2023 to replace the mall with a mixed use site.[3]. the westchester mall is high end. The development at 200 Hamilton Avenue will take shape at the site of the White Plains Mall. In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. tear down white plains mall and put a park 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. 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. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. 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. Would prohibit radioactive wastewater discharges into new Yorks waterways Yorks waterways its statement management! 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