galleria white plains redevelopment

The first phase of the redevelopment is expected to be completed by the end of 2020. 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.. 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. "Theres a lot going on there.. It went on to detail coding a portion of the mall in order to follow through with such a plan. Pleasantville 149,128 Chappaqua . WHITE PLAINS - The owners of the Galleria at White Plains are looking to reshape its future as a mixed-use commercial and residential site. CTRL + SPACE for auto-complete. Singh said he has seen ups and downs in businesses over the last decade. 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 Most of the anchor s. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Peter Katz is a reporter, writer, and copy and video editor for Westfair Communications. 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. It currently has more than 20 million square feet in its development and construction pipeline. Stewarts Brings Back Fan-Favorite Ice Cream for Limited Time! The $650 million redevelopment two. Galleria White Plains, White Plains NY. Pacific Retail Capital Partners of El Segundo, CA acquired the Galleria at White Plains from Simon Property Group in September 2016. PRCP bought the mall in 2016 from the Simon Property Group for about $120 million. The conceptual development plan and site plan have already been approved, though the developers are. This project is going to take a while," Roach said. 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. Photos of. Tav1 Development. Previous anchors at the Galleria included Abraham & Straus and JCPenney. Previous anchors at the Galleria included Abraham & Straus and JCPenney. Westchester County, NY, New Rochelle Downtown Restaurant APPRECIATION Week, MISS SAIGON Presented By White Plains Performing Arts Center, Cuomo blasts critics; Schumer and Gillibrand say he should go, Family feud stifles Simone offer for Mount Vernon warehouse, Dodge Charger owner sues mechanic for delivering unrestored car, Bernstein Private Wealth Management opens Stamford office, New partner at Westports CastleKeep Investment Advisors. PCRP purchased the Galleria at White Plains for an estimated $120 million. White Plains 116,768 Larchmont 293,010 Tarrytown 133,540 Rye 269,433 Scarsdale 363,713 Irvington 208,052 Hastings-On-Hudson 172,791. The Galleria was built by Cadillac Fairview and opened in the summer of 1980. 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. The plan involves the demolition of the Macys along Court Street. Can Downtown White Plains Save the Galleria Mall? [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. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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. (Pics Taken 2/24/23) comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like . 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. REDEVELOPMENT IN . Some stores are having clearance sales as they are ending operations by the end of this year. 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. Galleria White Plains, New York: Pacific Retail Capital Partners (PRCP) The mall has 865,000 gross leasable SF in its four levels. The mall includes 865,000 sq. 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 NY - November, 2021- White Plains law firm McCullough, Goldberger & Staudt, LLP has been integral in helping obtain . AMAZING BUTTERFLIES EXHIBIT COMES TO LASDON. 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. 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. 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. I dont think anyone thinks that that garage is worth keeping. Related: Can Downtown White Plains Save the Galleria Mall? Youll lose that disconnect that the current mall imposes.. Builder. Interested in learning how a business association can help grow and develop your business? 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. "Our goal is to provide an opportunity for their businesses to continue. So, thats a positive. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. 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. Representing & supporting the Hudson Valley Construction Industry. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. No purchase price was reported. Others hope for a final revenue boost over the holiday season and will start looking at new locations afterward. The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. They wanted those stores out. 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.' The new store will be better than this one.". This is one of the most exciting mixed-use development sites in the New York Metro Area, said Steve Plenge, CEO of PRCP. They wanted to get Sears out for a while, and now Macys.. Read the latest issue of Westchester magazine for FREE! Ebo Yumus, owner of IFix & Accessorize It, said he hopes to move to another shopping center, either in White Plains or Port Chester. 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. 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. 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. 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. Related: Where to Shop in Westchester for Small Business Saturday. The municipal garages next to the Galleria have 2,792 parking spaces. 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. Still, some shoppers are nostalgic about their favorite stores and the years past when the Galleria reigned supreme as central Westchester's shopping mecca. Taj Singh, owner of Luggage n More, said he will start looking at a new location after Christmas. We understand the difficulty posed by transitioning," the statement said. Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. Cappelli has a long history in Downtown White Plains, redeveloping the former Macys store on Mamaroneck Avenue into City Center, as well as developing multiple high-rise towers including the Ritz-Carlton Hotel and Residences, Trump Tower at City Center and the Lofts at City Center 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 is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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." The Hamilton Green project will be built in phases. A walkthrough of the Galleria mall in White Plains NY. 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. White Plains, New York 10601 Nancy Kennedy 914.271.5500 Contact. You have entered an incorrect email address! 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. Upon opening their doors in 1980, the Galleria at White Plains, in its prime location of about ten acres adjacent to a major Metro-North station, was credited for somewhat of a 'rebirth' during difficult times in White Plains. Write CSS OR LESS and hit save. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. 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. The announcement follows another major mixed-use redevelopment enterprise that is in progress, at the former White Plains Mall shopping plaza, located a short distance from The Galleria. 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. 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 reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. Demolition at the existing site has already begun, with plans to be completed by December 2022 and occupancy beginning in spring of 2023. There had been speculation that residential towers would be proposed for the sites formerly occupied by those anchor stores and the retail space in the center of the property would be maintained. 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 . tear down white plains mall and put a park SL Green is the largest owner of office real estate in New York City and one of the largest in Westchester County. A development-and-construction team from the Cappelli Organization is behind the $600 million project, known as Hamilton Green, which will feature residential, retail, and restaurant space. Built in 1980 by Canadian developer Cadillac Fairview, the mall currently rises four stories and features approximately 865,000 square feet of retail space. 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. And to be real, unless you looked a certain way. 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