galleria white plains redevelopment

In November, PRCP announced they would be partnering with bothSL Green and The Cappelli Organizationto begin work onthe redevelopment. 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. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. The property, including its parking. Keep a pulse on local food, art, and entertainment content when you join our Westchester newsletter. 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. 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 redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. White Plains NY. Pleasantville 149,128 Chappaqua . The 870,000-square-foot mall has become a focal point in completing the reimagination of downtown. Several storefronts are already vacant. The existing Galleria White Plains has been a community staple for many years. It currently has more than 20 million square feet in its development and construction pipeline. Remember When This SUNY New Paltz Grad Went Missing in Maryland? The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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. Plow Truck Leaves Behind Hazard on Hudson Valley Roadway, $7,500+ Stolen From SNAP Funding in the Hudson Valley. While details are still sketchy at best, the owner of the 870,000-square-foot, four-level retail propertyPacific Retail Capital Partners and Aareal Bankannounced on 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 as its two chief anchorsMacys and Searshave both shuttered their stores there. WHITE PLAINS Four multifamily buildings totaling 860 rental apartments, including 78 affordable units, will rise at the former White Plains Mall site. The Galleria at White Plains opened in 1980. 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 Galleria is closing in March. 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. Can Downtown White Plains Save the Galleria Mall? Posted Mon, Nov 1, 2021 at 3:12 pm ET. 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. It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. 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.'. The Galleria moved from the It spot in White Plains to the "ghetto" mall. $744,500 - $5,200,000 View Developer's Website. 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. 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. During the 1990s remodel, the waterfall and stage in the center court were replaced with two miniature fountains between the escalators. 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. Negotiations on that lease by the DMV are now being conducted, if not already completely. WHITE PLAINS - The owners of the Galleria at White Plains are looking to reshape its future as a mixed-use commercial and residential site. Plenge said that they anticipate closing a portion of the Galleria early next year to begin the redevelopment. He followed this with the 46-story Ritz-Carlton towers that remade the citys skyline. 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. They wanted to get Sears out for a while, and now Macys.. ft. of gross leasable area across four floors. 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. The Galleria was constructed adjacent to a large two-block-long parking garage that is connected directly to the mall at various levels. 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. 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. White Plains Mayor Thomas Roach says he expects PCRP to go far beyond a simple refurbish of the Galleria mall, which it purchased in 2016. Behind the bustling holiday shopping scene, tenants are pondering their next step: moving to another location or closing entirely. It declined to make further comment, citing that plans are still evolving. The $650 million redevelopment two. One of the developers, Louis R. Cappelli, has had a presence in White Plains for decades and is known for developing the nearby 46-story Ritz-Carlton towers. The mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. 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. 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 . 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. WHITE PLAINS On the Tuesday before Christmas, the Galleria mall was filled with shoppers. When the Westchester first opened, no one under 16 years old could move hassle free unless you had a bag. I work hard and I know I can make it. with this mall closing and many other businesses leaving, people now have to go all the way to yonkers or new rochelle to shop. Cappelli is credited with jumpstarting the renaissance of downtown White Plains with its City Center retail and residential project. 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. After some delay, construction has officially commenced on Hamilton Green, a $650-millon mixed-use project that will be undertaken in phases. 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. We understand the difficulty posed by transitioning," the statement said. 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. Previous anchors at the Galleria included Abraham & Straus and JCPenney. 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." 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. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. tear down white plains mall and put a park Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. The existing Galleria White Plains has been a community staple for many years. 3 min read. The municipal garages next to the Galleria have 2,792 parking spaces. Plans to demolish White Plains Mall and replace it with apartments, retail space, parking, and other improvements have been put on hold. Of 2,840 available parking spaces, art, and now Macys.. ft. of gross leasable area across four.... Behind Hazard on Hudson Valley area across four floors Paltz Grad Went Missing Maryland. Point in completing the reimagination of downtown and now Macys.. ft. of gross leasable square feet in development! Revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall has a. 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