galleria white plains redevelopment

Martin Luther King Blvd. WHITE PLAINS - The owners of the Galleria at White Plains are looking to reshape its future as a mixed-use commercial and residential site. 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. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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 municipal garages next to the Galleria have 2,792 parking spaces. Roach said that creating a pedestrian-friendly environment would be an important part of what he wants to see in a redevelopment plan. (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. 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. On Dec. 8, city and county dignitaries joined RXR . Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Link: https://westchestermagazine.com/life-style/business/white-plains-galleria-redevelopment/ 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. ft. of gross leasable area across four floors. 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. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. 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.. Please check back with https://www.realestateindepth.com for further updates. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. Interested in learning how a business association can help grow and develop your business? SL Green is the largest owner of office real estate in New York City and one of the largest in Westchester County. 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.. [9] On December 21, 2022, PRCP announced that the Galleria at White Plains would close in March, 2023 for redevelopment.[3]. 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. 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. Copyright 2023 Construction Industry Council Westchester & Hudson Valley Inc. | Designed by Lunasa Technologies LLC. They wanted those stores out. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. 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. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. 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. 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. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. 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. Stewarts Brings Back Fan-Favorite Ice Cream for Limited Time! In the 1970s, the White Plains Mall was a 3.74-acre state-of-the-art shopping center that served as a bustling center for the City. The Galleria mall, often referred to as a blight to downtown White Plains, appears to be on the verge of receiving a long-needed makeover. The first steps toward realizing the strategic vision for The Galleria will begin soon, says Steve Plenge, CEO of PRCP, where a master plan using cutting-edge design will be implemented to reshape the aging mall space. Closing for redevelopment on March 1st. It's long been said that the mall, a giant block of a building, restricts downtown movement for pedestrians. 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 plan involves the demolition of the Macys along Court Street. So, thats a positive. The Galleria at White Plains opened in 1980. Negotiations on that lease by the DMV are now being conducted, if not already completely. 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. Sharon Bodnar Briskman 914.329.8889 Contact. Builder. The existing Galleria White Plains has been a community staple for many years. That section of the city is devoid of street level services, and it is cold and antiseptic, Roach says. It counts 2,840 available parking spaces. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. Your California Privacy Rights / Privacy Policy. The Galleria at White Plains, a popular Westchester County shopping mall, will be closing their doors come March 2023. [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. Ebo Yumus, owner of IFix & Accessorize It, said he hopes to move to another shopping center, either in White Plains or Port Chester. The owners . The Galleria moved from the It spot in White Plains to the "ghetto" mall. 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. Pacific Retail Capital officials said they plan to close a portion of the mall early next year in connection with its redevelopment plans that many observers believe will be tilted heavily towards residential use. The City of White Plains owns the adjacent 2,800-car parking garage. 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. Only one fountain was still on :( The Galleria at White Plains, White Plains NY. 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. No financial terms of the joint venture partnership were released. 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 reimagining of this property is integral to the dramatic transformation of Downtown White Plains that is well underway. The new store will be better than this one.". 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. 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. (A separate story will be forthcoming on the solar project.). PCRP purchased the Galleria at White Plains for an estimated $120 million. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . Roach emphasized that the malls owners are well capitalized and the project would represent a very large expenditure. I dont think anyone thinks that that garage is worth keeping. You have entered an incorrect email address! 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. NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS Save my name, email, and website in this browser for the next time I comment. Now, it appears that the entire mall will be closing its doors just one year after that announcement.'. Some tenants moved out of the mall after the closing of anchor stores like Sears and Macys. 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 . Previous anchors at the Galleria included Abraham & Straus and JCPenney. Strategically positioned, The Galleria attracts administrative professionals from the surrounding six million square feet of office space within walking distance. All rights reserved. Those buildings are getting knocked down, Roach said. The Galleria opened in 1980 at 100 Main Street in White Plains. The Galleria has 863,715 square feet of gross leasable area. 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 . On November 10, 2020, it was announced Sears would close. The conceptual development plan and site plan have already been approved, though the developers are. $2,295,000 - $2,395,000. He envisions a new space that would include a lot of room for people to walk and facilitate more outdoor activities. 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. The mall includes 865,000 sq. 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. The company said it has more than $3 billion in retail assets currently under management. 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 development at 200 Hamilton Avenue will take shape at the site of the White Plains Mall. The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. Set to close for good on March 1st. 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. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. Now, 50 years later, thanks to the vision of the City of White Plains and the assistance of Cuddy & Feder, the area will not only see new life, but will launch an exciting new era of development: White Plains' first transit-oriented development, part of a new TD . In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. They wanted to get Sears out for a while, and now Macys.. 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." White Flint Mall Pt. Construction Industry Council Westchester & Hudson Valley Inc. 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 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. Can Downtown White Plains Save the Galleria Mall? We are happy to connect them with our leasing team regarding the potential to open in one of our other properties in the region, it said. It declined to make further comment, citing that plans are still evolving. Some stores are having clearance sales as they are ending operations by the end of this year. 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. 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. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. Related: Where to Shop in Westchester for Small Business Saturday. 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. International Womens Day Continues with Bevz Talks. 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., 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. 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. Since then, the retailer has leased the property, and the location is currently in the midst of a store-closing sale. 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. Portfolio of more than 200 properties, including 78 affordable units, will be better than this one ``! In 1980 at 100 Main Street in White Plains to the dramatic transformation of downtown White Plains - the of... Grow and develop your business pedestrian-friendly environment would be partnering with bothSL Green and the project would a! 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Been a community staple for many years: Where to Shop in Westchester for Small business Saturday included Abraham Straus. Partnering with bothSL Green and the project would represent a very large expenditure the will...
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