According to the companys website, it owns two other shopping centers in New York, Colonie Center in Albany and Broadway Commons in Hicksville. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. Singh said he has seen ups and downs in businesses over the last decade. Photos of. It holds interests in 64 buildings totaling 34.4 million square feet. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. 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. Remember When This SUNY New Paltz Grad Went Missing in Maryland? REDEVELOPMENT IN . Sharon Bodnar Briskman 914.329.8889 Contact. I think were going to turn it into something thats alive with street life, like what you see on Mamaroneck Avenue.. Martin Luther King Blvd. Builder. 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. Tarrytown NY 10591. Macys had anchored the mall at the east end in 328,599 square feet of space. 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. Share your opinion with users and insert mall rating and reviews for The Galleria at White Plains. 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. 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. 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 . In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. Please check back with https://www.realestateindepth.com for further updates. In its announcement, Pacific Retail Capital stated that with its new partners it 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., Office address: 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. 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. Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. The mall includes 865,000 sq. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. Strategically positioned, The Galleria attracts administrative professionals from the surrounding six million square feet of office space within walking distance. It counts 2,840 available parking spaces. White Plains NY. Closing for redevelopment on March 1st. 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. Photos of. The $650 million redevelopment two. Copyright 2023 Construction Industry Council Westchester & Hudson Valley Inc. | Designed by Lunasa Technologies LLC. 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. 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. 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. A late 1990s promotional advertisement featured the tag line "Shopping for the real world," a subtle jab at the more upscale and affluent clientele and stores at The Westchester roughly a half-mile away. 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. 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 has 863,715 square feet of gross leasable area. 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. Josh Veloso, who shopped during lunch break, said he still prefers shopping at the old mall to shopping online. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. 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 property, including its parking. 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. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria at White Plains, took a major step in securing the future success of downtown White Plains, New York, today forming a new joint venture partnership with two of the most prominent players in the White Plains and NYC Metro real estate market: SL Green Realty Corp. and the Cappelli Organization. Galleria at White Plains mall closing for good 02:00. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. Only one fountain was still on :( The Galleria at White Plains, White Plains NY. 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 The first phase of the redevelopment is expected to be completed by the end of 2020. It counts 2,840 available parking spaces. 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. 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. $2,295,000 - $2,395,000. Youll lose that disconnect that the current mall imposes.. "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. 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. 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 tunnel over Martin Luther King Boulevard that runs through the Galleria will be brightened and made more appealing as well. They wanted those stores out. 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. Some stores are having clearance sales as they are ending operations by the end of this year. 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. The company said it has more than $3 billion in retail assets currently under management. White Flint Mall Pt. Negotiations on that lease by the DMV are now being conducted, if not already completely. r/deadmalls . It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. The Cappelli Organization has completed more than 25 million square feet of development valued at more than $10 billion. The newly created area will be used as outdoor space, including dining possibilities. 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. He envisions a new space that would include a lot of room for people to walk and facilitate more outdoor activities. The municipal garages next to the Galleria have 2,792 parking spaces. The Galleria opened in 1980 at 100 Main Street in White Plains. Those buildings are getting knocked down, Roach said. No financial terms of the joint venture partnership were released. This indoor Not many shoppers realized, though, this would be the last holiday shopping season at the mall. 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