The existing Galleria at White Plains has been a community staple for many years, Plenge says. 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. SL Green Realty Corp. is a real estate investment trust (REIT) that is focused primarily on Manhattan commercial properties. Copyright Westfair Business Publications, White Plains Galleria may soon be making way for major development project, AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . Pacific Retail Capital Partners is headquartered in El Segundo, CA, and Aareal Bank is based in Wiesbaden, Germany. PCRP purchased the Galleria at White Plains for an estimated $120 million. According to Pasternak, the plan to redevelop well-located Sears stores into mixed retail and housing was aimed. Both Macys and Sears closed anchor stores at the Galleria at White Plains in the first quarter of 2021. 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.. 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. 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.' 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. The company said it has more than $3 billion in retail assets currently under management. 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 $650 million redevelopment two. Tav1 Development. Photos of. Share your opinion with users and insert mall rating and reviews for The Galleria at White Plains. 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. The Galleria includes prime retailers like H&M, Forever 21, Foot Locker, American Eagle and The Halal Guys. He followed this with the 46-story Ritz-Carlton towers that remade the citys skyline. 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. Representing & supporting the Hudson Valley Construction Industry. And to be real, unless you looked a certain way. 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. This is one of the most exciting mixed-use development sites in the New York Metro Area, said Steve Plenge, CEO of PRCP. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains, which is well underway, says Cappelli. 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. REDEVELOPMENT IN . The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains that is well underway. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Tarrytown NY 10591. 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. However the developer of that White Plains Mall . Abraham & Straus occupied the east anchor spot until converting to Stern's in 1995 and being replaced by Macy's on July 15, 2001. The Galleria at White Plains, a popular Westchester County shopping mall, will be closing their doors come March 2023. Pacific Retail announced the purchase as one of three regional malls totaling 2.8 million square feet it added to its portfolio at the time. Trump Park Condominium 100 Trump Park Shrub Oak, New York 10588 . The pandemic has taken a further toll on small businesses, he said, but he's hopeful the economy will bounce back. 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. 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. 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. ft. of gross leasable area across four floors. 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. I cant get into who else is involved, but there are big investors who will put substantial money into this project.. 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. 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. 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. 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 . Please check back with https://www.realestateindepth.com for further updates. Singh said he has seen ups and downs in businesses over the last decade. Macys sold the building to PCRP for $27 million in 2019. Built by Cadillac Fairview, a Canadian developer, the 900,000-square-foot (84,000m2), four-level mall is located on two large city blocks of former urban renewal land. Posted Mon, Nov 1, 2021 at 3:12 pm ET. They wanted those stores out. Sears had been at the west end in 227,316 square feet. 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. Original story [HERE] Macy's sells White Plains store to Galleria owner for $27 million, to remain open The mall's owner, Pacific Retail Capital Partners (PRCP), said in a statement that the Galleria is slated to cease business as of March 2023 to prepare for redevelopment. The new store will be better than this one.". White Flint Mall Pt. 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. Shopping floors were color coded blue, green, yellow, and red representing Street Level, Garden Level, the Garden food court area, and Fashion Level 1 and 2, respectively when the mall opened. With an ongoing commitment to the renewal of Downtown White Plains, the owners of The Galleria at White Plains and two of the regions most well-known developers have formed a joint venture partnership to reimagine the roughly 10-acre mall site. NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS PRCP said in its statement that management is working with the tenants to ensure a smooth transition. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. The company said it has more than $3 billion in retail assets currently under management. Were struggling, but I have confidence and experience. 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. During the holiday season, the mall's promotional slogan was "We bring more good things to Christmas. To learn more visit www.pacificretail.com or follow on social @PacificRetail. 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. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. The Galleria at White Plains opened in 1980. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. In a conversation with the Business Journal Wednesday, Roach described whats taking shape as what could be the biggest development project for the city. Previous anchors at the Galleria included Abraham & Straus and JCPenney. 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 . Both Macys and Sears shut their anchor stores at the Galleria at White Plains in the first quarter of 2021. 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.. 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. 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. AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. 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. 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. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. 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. Copyright 2023 Construction Industry Council Westchester & Hudson Valley Inc. | Designed by Lunasa Technologies LLC. I work hard and I know I can make it. He has been a longtime critic of the stark exterior of the existing mall. The Galleria has 863,715 square feet of gross leasable area. It's long been said that the mall, a giant block of a building, restricts downtown movement for pedestrians. Closing for redevelopment on March 1st. All rights reserved. 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 . 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