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galleria white plains redevelopment

2 (Rockville, Maryland) . And to be real, unless you looked a certain way. The Galleria at White Plains is an important property in Westchester County and the region. 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. International Womens Day Continues with Bevz Talks. 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. REDEVELOPMENT IN . 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. 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. The municipal garages next to the Galleria have 2,792 parking spaces. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. It counts 2,840 available parking spaces. 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. Several storefronts are already vacant. 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. 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. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. PRCP reports that the mall has 865,000 gross leasable square feet in its four levels with a total of 2,840 available parking spaces. The White Plains Mall mixed use retail is at a standstill because the Department of Motor Vehicles continues to occupy the site prior to a move to the former Fortunoff complex across from the Westchester. 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. To learn more visit www.pacificretail.com or follow on social @PacificRetail. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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. 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. 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. All rights reserved. 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. Previous anchors at the Galleria included Abraham & Straus and JCPenney. 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 . Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. 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. Link: https://westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/ [4] The west anchor JCPenney closed on April 28, 2001, and was left vacant until September 2003 when Sears moved in. 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 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 reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. Both Macys and Sears closed anchor stores at the Galleria at White Plains in the first quarter of 2021. 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. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. It currently has more than 20 million square feet in its development and construction pipeline. 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. (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. Pacific Retail Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. PCRP purchased the Galleria at White Plains for an estimated $120 million. SL Green Realty Corp. is a real estate investment trust (REIT) that is focused primarily on Manhattan commercial properties. The $650 million redevelopment two. Can Downtown White Plains Save the Galleria Mall? "Our goal is to provide an opportunity for their businesses to continue. 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. It counts 2,840 available parking spaces. Negotiations on that lease by the DMV are now being conducted, if not already completely. 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 reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. 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. Not many shoppers realized, though, this would be the last holiday shopping season at the mall. 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. Its going to probably be the biggest development project that the citys going to see. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. 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. 287 684 95 87 BOULEVARD. 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. This is one of the most exciting mixed-use development sites in the New York Metro Area, said Steve Plenge, CEO of PRCP. Also, the Westchester made sure the teenaged element had no where to go. He said he'll go to The Westchester mall a few blocks away when the Galleria is no more. The conceptual development plan and site plan have already been approved, though the developers are. The Galleria includes prime retailers like H&M, Forever 21, Foot Locker, American Eagle and The Halal Guys. AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. City Square Completes Renovations at 50 Main Street in White Plains, New York 7:00 am on August 1, 2022 By Sebastian Morris Ginsburg Development has unveiled more than 300,000 square feet of Class A office space at City Square, a sprawling mixed-use property at 50 Main Street in Downtown White Plains. The Galleria, which opened in 1980, consists of approximately 10 acres in a Qualified Opportunity Zone in the heart of downtown White Plains, near a major mass transit hub for Metro-North Railroad. 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.' When the Westchester first opened, no one under 16 years old could move hassle free unless you had a bag. Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. Only one fountain was still on :( The Galleria at White Plains, White Plains NY. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. 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. Pleasantville 149,128 Chappaqua . The lease for Sears at the Galleria in White Plains was not sold to Seritage. The owners . They wanted to get Sears out for a while, and now Macys.. It counts 2,840 available parking spaces. tear down white plains mall and put a park Plow Truck Leaves Behind Hazard on Hudson Valley Roadway, $7,500+ Stolen From SNAP Funding in the Hudson Valley. Roach said that creating a pedestrian-friendly environment would be an important part of what he wants to see in a redevelopment plan. 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. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. Builder. Remember When This SUNY New Paltz Grad Went Missing in Maryland? Cappelli is credited with jumpstarting the renaissance of downtown White Plains with its City Center retail and residential project. Mall owners Pacific Retail Capital Partners (PRCP) and Aareal Bank are combining forces with SL Green Realty Corp. and the Cappelli Organization to help shape the future of the citys evolving business district. 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 plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential 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. 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. Two of the chief anchorsMacys and Sears have both shuttered stores there. A new name for what was Galleria Shopping Centre (1972), already under redevelopment and will open in phases over next years. Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. You have entered an incorrect email address! 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. So, thats a positive. 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. PRCP said in its statement that management is working with the tenants to ensure a smooth transition. 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 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. 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. 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. [6], Interior shots of the mall were used in the 2018 film Eighth Grade as well as the 2022 film Somewhere in Queens.[7]. They want to do residential buildings but there would be not a mall, White Plains Mayor Tom Roach told the Business Journals. 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. 2023 www.lohud.com. 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. [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. He has been a longtime critic of the stark exterior of the existing mall. ', 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.' the galleria served a nice middle ground. They wanted those stores out. 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. 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." 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. 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 . Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Simon property Group in September 2016 galleria white plains redevelopment development project that the entire mall will be its. Sl Green Realty Corp. is a real estate investment trust ( REIT ) that is focused primarily on Manhattan properties! 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galleria white plains redevelopment