He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. The Galleria is conveniently located at the intersection of Main Street and Dr. Martin Luther King Boulevard . PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. You have entered an incorrect email address! The Galleria Mall in White Plains, NY is owned by Simon Property Group, one of the largest real estate investment trusts in the United States.The company owns, develops, and manages shopping centers, malls, and other retail properties. The mall itself, the center building, will be completely rehabbed under the concepts that Ive seen, Roach says. This indoor NEW YORK | 2-20 + 2-21 Malt Drive (Hunters Point South) | 440 FT + 390 FT + 310 FT | 38 + 33 + 25 FLOORS 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. In November 2022, it was announced that the owners of The Galleria at White Plains are teaming up with two prominent development firms to update the mall as a vibrant mixed-use center which will be enfolded by residential development and amenity-based retail. hile 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. GALLERY A premier retail destination in the heart of downtown White Plains, Galleria White Plains is home to national brands and local businesses in a nearly 900,000 square foot, four level shopping center. 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. Both Macys and Sears shut their anchor stores at the Galleria at White Plains in the first quarter of 2021. "The reimagining of this property is. 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. 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. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. He said he'll go to The Westchester mall a few blocks away when the Galleria is no more. The mall includes 865,000 sq. The Galleria at White Plains address: 100 Main St, White Plains, New York - NY 10601 - 2601. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. Youll lose that disconnect that the current mall imposes.. Plenge said that they anticipate closing a portion of the Galleria early next year to begin the redevelopment. Set to close for good on March 1st. 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. As we close the center, we are committed to working with the tenants to assist them in making a smooth transition.". 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. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. [9] On December 21, 2022, PRCP announced that the Galleria at White Plains would close in March, 2023 for redevelopment.[3]. The company said it has more than $3 billion in retail assets currently under management. 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." Since the early days of the pandemic we have become somewhat accustomed to announcements of businesses and retailers in the area announcing closures, but this one is major, and quite shocking. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. Representing & supporting the Hudson Valley Construction Industry. Pacific Retail Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. 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 two new partners bring extensive local multi-family and office experience to the partnership. The property, including its parking. 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 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 newly created area will be used as outdoor space, including dining possibilities. It counts 2,840 available parking spaces. 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." Sharon Bodnar Briskman 914.329.8889 Contact. The area is enjoying a renaissance, which over the last decade has seen a near complete transformation. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. 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. 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. Some tenants moved out of the mall after the closing of anchor stores like Sears and Macys. 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. 3 Westchester Park Drive. Others hope for a final revenue boost over the holiday season and will start looking at new locations afterward. It holds interests in 64 buildings totaling 34.4 million square feet. 3 min read. 2 (Rockville, Maryland) . White Flint Mall Pt. A new name for what was Galleria Shopping Centre (1972), already under redevelopment and will open in phases over next years. 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. The Galleria opened in 1980 at 100 Main Street in White Plains. SPG has a portfolio of more than 200 properties, including some of the most iconic shopping destinations in the country. 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 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. 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 . So, thats a positive. 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. Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. Galleria at White Plains mall closing for good 02:00. 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. Please check back with https://www.realestateindepth.com for further updates. Related: Where to Shop in Westchester for Small Business Saturday. Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. Brian Callen Coming to the Hudson Valley For Three Days, Repulsive Conditions Reported at New York Rest Stop, New Businesses & Construction Bring Life to Dying Wappingers Shopping Plaza. 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. [6], Interior shots of the mall were used in the 2018 film Eighth Grade as well as the 2022 film Somewhere in Queens.[7]. The Galleria White Plains is an indoor shopping mall and main shopping destination that serves Westchester County and the Bronx. Sears had been at the west end in 227,316 square feet. 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. 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. REDEVELOPMENT IN . The municipal garages next to the Galleria have 2,792 parking spaces. 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. Now, it appears that the entire mall will be closing, with tenants receiving notice of the closure, effective March 2023, to prepare for the new mixed use commercial and residential space with hopes of 'transforming the Galleria for the next generation.'. Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. 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. They wanted to get Sears out for a while, and now Macys.. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. White Plains NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . 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." He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. PRCP bought the four-floor, 870,000-square-foot mall in 2016 and its Macy's attachment in 2019, the Journal News reported. They wanted to get Sears out for a while, and now Macys.. The first phase of the redevelopment is expected to be completed by the end of 2020. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. The developer, who is interested in the project, claims to be committed to it. White Plains NY. Macys had anchored the mall at the east end in 328,599 square feet of space. [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. Photos of. Galleria White Plains, New York: Pacific Retail Capital Partners (PRCP) The mall has 865,000 gross leasable SF in its four levels. the westchester mall is high end. 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. 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. , White Plains mall site bring extensive local multi-family and office experience to the partnership first quarter of 2021 more. 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