The property, including its parking. The reimagining of this property is integral to the dramatic transformation of Downtown White Plains that is well underway. Josh Veloso, who shopped during lunch break, said he still prefers shopping at the old mall to shopping online. CIC and BCA are aligned organizations representing and informing businesses at the heart of the Hudson Valley construction industry. No financial terms of the joint venture partnership were released. After some delay, construction has officially commenced on Hamilton Green, a $650-millon mixed-use project that will be undertaken in phases. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. Can Downtown White Plains Save the Galleria Mall? Since then, the retailer has leased the property, and the location is currently in the midst of a store-closing sale. 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 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. 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. $744,500 - $5,200,000 View Developer's Website. Those buildings are getting knocked down, Roach said. During the 1990s remodel, the waterfall and stage in the center court were replaced with two miniature fountains between the escalators. . Macys sold its White Plains store to Pacific Retail Capital in 2019 for $27 million, according to the Journal News. The Future of the Local Mall: The Galleria at White Plains, to Dennis Richmond Jr.s FOX Appearance Increases Book Sales, President Biden to Visit Yonkers Sunday Nov. 6 for GOTV Rally at Sarah Lawrence College, TSA PreCheck Enrollment Coming to Westchester CountyAirport(HPN) For Limited Time This March, Westchester Resident Appears on Shark Tank with FunkkOFF Teeth Fresheners. 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. 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.. Last week, Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria, announced a joint venture partnership with Cappelli . The existing Galleria at White Plains has been a community staple for many years, Plenge says. Copyright Westfair Business Publications, White Plains Galleria and municipal garages likely to be demolished. The Hamilton Green project will be built in phases. 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. The pandemic has taken a further toll on small businesses, he said, but he's hopeful the economy will bounce back. 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 has lost both of its major anchor stores, Sears, which has already closed and Macys, which is in the process of holding store closing sales. 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 mayor revealed that the city had been involved in serious ongoing talks regarding redevelopment of the mall site. Infrastructure Jobs Are in High Demand Across Westchester, Riverkeeper President Tracy Brown Works to Clean the Hudson. Closing for redevelopment on March 1st. The plan is to transform the 870,000-square-foot mall, officially the Galleria at White Plains, into a mixed-use commercial and residential site. As we close the center, we are committed to working with the tenants to assist them in making a smooth transition.". runs directly underneath the mall. 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. 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. 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 . Set to close for good on March 1st. 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. 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. 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. 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 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. "The reimagining of this property is. So, thats a positive. Greenwich in $5M settlement with family of bullied boy who committed New bill would prohibit radioactive wastewater discharges into New Yorks waterways. 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 owners . City Square Completes Renovations at 50 Main Street in White Plains, New York 7:00 am on August 1, 2022 By Sebastian Morris Ginsburg Development has unveiled more than 300,000 square feet of Class A office space at City Square, a sprawling mixed-use property at 50 Main Street in Downtown White Plains. They want to do residential buildings but there would be not a mall, White Plains Mayor Tom Roach told the Business Journals. 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 its doors just one year after that announcement.'. 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. 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. Those buildings are getting knocked down, Roach said. 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. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. According to PRCP, the mall has 865,000 gross leasable square feet in its four levels. The company said it has more than $3 billion in retail assets currently under management. On Dec. 8, city and county dignitaries joined RXR . 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. Galleria at White Plains mall closing for good 02:00. CTRL + SPACE for auto-complete. 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.' It declined to make further comment, citing that plans are still evolving. 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., Cappelli said, 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. CEO of the Cappelli Organization shared the following at that time: 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. 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. 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. 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. 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