who owns the galleria mall in white plains

The City of White Plains owns the adjacent 2,800-car parking garage. As a result of the pandemic of the late 2000s, many people avoided malls and stayed at home, resulting in a decrease in foot traffic. Goodman answers, I want to be a trustworthy partner, someone the artist is comfortable talking to, who will listen and respond ethically. Its also organizing retail, real estate and design experts and city officials to gather feedback on the future of the Galleria. [5], In January 2022 the centre was purchased from M&G Real Estate by LCP.[6][7]. As a Westchester teenager, like so many other teens, she used to hang out at the Galleria with her friends. Stores rarely stay there for long. This page is not available in other languages. Bring back memories? If the rumors are true, the Galleria Mall will be a huge loss for the White Plains community. As a gallerist, neither did Parsons pander to the audience, then tiny. The Galleria opened in August 1980 as a so-called mega block urban renewal project. 2023 CBS Broadcasting Inc. All Rights Reserved. There are plenty of stores and restaurants to keep you busy during your visit, so come on down and enjoy yourself! SL Green is the largest owner of office real estate in New York City and one of the largest in Westchester County. This news has been met with much speculation and excitement, as many people are wondering if this means that a new, improved mall will be taking its place. Galleria Mall may refer to a variety of shopping malls, including: CambridgeSide Galleria, Cambridge . The Galleria is owned and managed by The Pyramid Companies, a group that also owns and manages regional sisters Poughkeepsie Galleria in Poughkeepsie (the model for Crystal Run), and Palisades Center in West Nyack. 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. New Plan For The Galleria White Plains Those buildings are getting knocked down, Roach said. The company said it has more than $3 billion in retail assets currently under management. 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. The Westchester is the ultimate shopping destination for the Metropolitan New York Region. 2023 Cond Nast. fx:817.810.5390, Crafting Inspiring Spaces and Brands with Swoon, the studio, New movie theater, restaurant to open in former Cinemark in The Woodlands, Dallas top mall reports new tenants and store renovations. With over 100 stores, there is something for everyone. He said that as owner of the municipal garage adjacent to the mall, the city has a distinct interest in the property. 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. The newly created area will be used as outdoor space, including dining possibilities. Licensing. The owners, Pacific Retail Capital Partners (PRCP) and Aareal Bank, announced Thursday they are taking the first step by forming a joint partnership with SL Green Realty Corp. and the Cappelli. Because it lost its investment grade credit rating, it is likely that interest rates will skyrocket for many department stores, including KKR. It had everything -movie theaters, restaurants, special events, tons of cool stores - all under one roof. Marcus Solis has the story. J.C. Penney is in the midst of evaluating its portfolio and business model in order to ensure that it is positioned for success in an evolving retail industry, according to a company statement. The plan involves the demolition of the Macys along Court Street. In 2005, UBSbought the 432-room Westin Hotel attached to the mall. Full Time position. Job in White Plains - Westchester County - NY New York - USA , 10606. "I think back to being able to pick up whatever I needed at Sears, Macy's, the stores in between," said one passerby this morning. However, the malls management has not made any official announcement. Photo by Peter Katz The Galleria has lost both of its major anchor stores, Sears, which has already closed and Macy's, which is in the process of holding store closing sales. Updated on: March 31, 2023 / 9:31 PM Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. 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. Monika Sprth offers, I am driven to find out who and where the most interesting artists are. Paula Cooper confessed she had always wanted to be a gentleman dealer, the noble-salesman type who puts ideas and relationships before money. In late 2017, Pacific Retail Capital Partners and Aareal Bank purchased the mall, and they have now announced a partnership with SL Green and the Cappelli Organization to transform it into a mixed-use development centered on residential and retail. Sign up for our essential daily brief and never miss a story. It is one of the largest and most popular shopping malls in the area, and is home to a variety of stores and businesses. Macys and Sears relocated to the mall from nearby locations on Main Street to serve as the malls anchor stores. As of March 3, only eight storefronts and three food vendors were still open. Taj Singh, owner of Luggage n More and A 2 Z, preferred to remain at the Galleria until the end even though he has already has a new location at the Stamford Town Center. By signing up you agree to our User Agreement and Privacy Policy & Cookie Statement. The shopping centre offers over 2500 free parking spaces and has an on-site bus station, with the adjacent retail park offering over 600 parking spaces. [3], On 8 July 2016, a Changing Places accessible toilet was opened at the centre. Owner Mike Petagine says he will likely move his store to the JV Mall in Yorktown Heights. Thats changed. Galleries Shopping Centre is a shopping centre located in Washington, City of Sunderland. Customers stopped shopping in stores as a result of the recession, resulting in the companys problems. The Galleria Mall is one of the most popular shopping destinations in Fort Lauderdale, and the redevelopment process is sure to make it even more popular. Topics you care about, straight to your inbox. The Simon Property Group owns or has an interest in over 3,000 shopping centers in the United States, making it the largest owner of shopping centers in the country. Theyre pretty tough, some of the ladies, she replies, half laughing. The Galleria is owned by Pacific Retail Capital Partners (PRCP) based in El Segundo, California. Taj Singh, owner of Luggage n' More, said he will start looking at a new location after Christmas. Within close proximity of The Source are complementary retail developments such as The Westchester mall (featuring anchor stores Neiman Marcus and Nordstrom ), a freestanding Bloomingdale's department store, the City Center at White Plains , and the Galleria at White Plains mall. The company is based in New York and also owns several other malls in the state. The Galleria DallasIce rink Wikimedia | TrademarkManagement Property Co. You can help Wikipedia by expanding it. They wanted those stores out. Among the tenants unveiled then were stalwarts of the mall era like Hermans Sporting Goods, Chess King Apparel, Radio Shack, a Barnes & Noble bookstore, a General Cinema movie theater and two banks. Im not making money over here (in the final days). [2], Since 2009, work at the centre has included erecting new entrances and improving the atrium. 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. 3 min read. As a result, it has been more difficult for the company to obtain financing to continue operations. They wanted to get Sears out for a while, and now Macys.. Only three businesses remained as of Friday: a Lenscrafters, a dental and foot care office, and the Westchester Trains and Hobbies shop. WHITE PLAINS - The Galleria shopping mall has a new owner. There are also a number of restaurants and cafes located in the mall. While there has been no official word from the malls management, many shoppers are concerned that the Galleria may be the latest victim of the struggling retail industry. The Macys stores in Minnesota are set to close in 2022, which appears to be good news for fans of the brand. Designed by Elegant Themes | Powered by WordPress, Zara Tindall: The Accomplished Life of a Royal Athlete, The Battle of Department Store Expansion: Leasing vs. The renovation is set to start in the fall of 2019 and be completed by the end of 2020. Related: Where to Shop in Westchester for Small Business Saturday. First published on March 31, 2023 / 7:49 PM. Would you like to share your memories of the Galleria? Galleries Shopping Centre pictured in 2006, "Remember When: The Galleries shopping centre in Washington turns 40", "15 scenes which show the changing face of The Galleries. Spring Valley fire: Violations found at houses near site of fatal fire, Galleria in White Plains: Mall is closing in March, White Plains housing development: How thousands of new rental units are changing the face of they city. Some of the stores include Macys, JCPenney, and Sears. The days of J.C. Penneys being a dominant force in the Minnesota retail market are over. The long-decaying White . Women collectors and art dealers, such as Peggy Guggenheim, Eleanor Ward, and Ileana Sonnabend, have often been the ones to challenge viewers, their radar and prescience legendary. The Galleria at White Plains: Mall Address: 100 Main St White Plains, NY 10601 : Mall Phone Number: (914) 682-0111 # Store Locations: 87 : Retail Space: 870,000 square feet (larger than 52% malls in New York) Additional Mall Info: Mall Website Facebook Twitter The Galleria White Plains is a four story, enclosed urban shopping mall located in. The Source opened in 2004 and was built on the site of one of the first suburban branches of Saks Fifth Avenue, which closed in early 2002. The mall, which is located at the corner of Main and Mamaroneck Avenues, will be replaced by a new development that will include residential, retail, and office space. Women collectors and art dealers, such as Peggy Guggenheim, Eleanor Ward, and Ileana Sonnabend, have often been the ones to challenge viewers, their radar and prescience legendary. ft. of gross leasable area across four floors. Green Healing Center will open at the Westchester Mall in White Plains. I mean, I have no problem with more apartments, but yeah, now that the Galleria is gone, there's nothing that fills the space there near the train station for entertainment. The mall is connected to a large 4-story parking garage. The tunnel over Martin Luther King Boulevard that runs through the Galleria will be brightened and made more appealing as well. Your submission below will go to Helu Wang, reporter for The Journal News/lohud, who may reach out to you for an article looking back at the Galleria's long run. After Penney filed for bankruptcy, the company had to face up to its liabilities. News 12 has been been flooded with memories. A Legacy Lives On Standing, from left, Ellsworth Kelly, Dan Flavin, Joseph Kosuth, Richard Serra, Lawrence Weiner, Nassos Daphnis, Jasper Johns, Claes Oldenburg, Salvatore Scarpitta, Richard Artschwager, Mia Westerlund Roosen, Cletus Johnson, and Keith Sonnier; foreground, from left, Andy Warhol, Robert Rauschenberg, Leo Castelli, Ed Ruscha, James Rosenquist, and Robert Barryat the Odeon restaurant, in New York City, for the 25th anniversary of the Castelli Gallery, 1982., Photograph by Hans Namuth/Courtesy of the Center for Creative Photography, University of Arizona/1991 Hans Namuth Estate. His store has been there for 17 years. That photo (on right) was a record of the moments most powerful art-world figures, nearly all of them men. In an attempt to compete with online retailers, the retailer made its stores more affordable, but this strategy failed. Seriously? Some tenants are looking to start a new chapter elsewhere. The Indianapolis, IN-based firm also owns The Westchester mall in White Plains and The Shops at Nanuet in Rockland County. The former White Plains Mall is being demolished in preparation for the construction of a 900-unit mixed-use development. New subscribers only. General concepts previously were floated to reposition the Galleria as more of an entertainment destination, but that did not take place. Galleria Mall White Plains Closing The Galleria Mall in Fort Lauderdale, Florida, is set to undergo a multimillion-dollar renovation, which will include a new food court, updated restrooms, and a new childrens play area. Apart from the two anchor stores (Sears and Macy's), which keep changing hands (before that, they had Stern's, A&S, JC Penney, and other similar department stores instead), and stores like . 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. UBS has hundreds of millions of dollars invested in the Galleria and said its planning to begin talks immediately with other stakeholders in the area. Indulge in exclusive currated eateries like; Shake Shack, Melt Shop, The Little Beet . Listing for: StomatCare DSO, LLC. 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. Pacific Retail Capital Partners announced this week that it has added the 870,000-square-foot mall at 100 Main St. along with. Danone International has established their headquarters at The Source, moving from their previous North White Plains location. How do you feel about the demise of "mall culture." I know some male dealers who take that approach, too, but I think it s more likely to be found in a woman. Barbara Gladstone observes, Of course it s a generalization, but I think for the women dealers it is about relationships and for the men its about business.. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. The Galleries shopping centre opened in 1974. For years, the Galleria White Plains mall has been struggling, with anchor stores Macys and JCPenney filing for bankruptcy in 2017 and 2018, respectively. The projects developer is the company called RXR Hamilton Investor, and he is also the companys president. The huge shopping mall opened in the middle of Downtown White Plains in 1980. It counts 2,840 available parking spaces. For media inquiries, please contact our press office: 1701 River Run, Suite 500 By CBS New York Team Updated on: March 31, 2023 / 9:31 PM / CBS New York WHITE PLAINS, N.Y. -- The Galleria at White Plains mall in Westchester County closed Friday. Thats a good way to keep kids out of trouble.. That has. Limited time offer. It straddles two city blocks, with Martin King Jr. Boulevard running under an elevated section of the garage. [5] South end of the Galleria, 2006. 17,441 were here. But historically its been a destination shopping center, now anchored by American Girl, Belk, Macys and Nordstrom. The Galleria Mall in White Plains is owned by a company called Westchester Commercial Properties. (2 min) A rendering of the apartments planned on the former site of a 1970s-era mall in White Plains, N.Y. Photo: MdeAS Architects. 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. As one of South Floridas most popular shopping destinations, Galleria at Fort Lauderdale has a wide variety of fashion retailers such as Macys, Neiman Marcus, Macys, Dillards, and American Eagle Outfitter, as well as a diverse selection of popular retailers such as Banana. Who Owns The Galleria Mall In White Plains? However, in recent years, the mall has been struggling to keep up with the changing retail landscape. It was the first Galleria to open nationwide in the fall of 1980 and was originally set to open in August 1980. I have been here for 17 years. He said he has. Helu Wang covers development and real estate for The Journal News and USA Today Network. I dont want to criticize the people in the 70s and 80s when they were working on the Galleria, but now the merit of a city is a lively and vibrant downtown, Roach says. The Galleria Mall in White Plains is one of the most popular shopping destinations in the area. Referring to the great wall of the Galleria, Roach says the rehabilitation of the downtown area including and surrounding the mall was one of his first goals as mayor. The owners, Pacific Retail Capital Partners (PRCP) and Aareal Bank, announced Thursday they are taking the first step by forming a joint partnership with SL . Please enter valid email address to continue. Our visionfor this next chapter in the Galleria Dallas story is to position it as a leader in the resurgence of the neighborhood and as a vibrant mixed-use district, said Matt Lynch, head of real estate and private markets at UBS AM. Peter Carr, Rockland/Westchester Journal News, mixed-use commercial and residential site, Your California Privacy Rights/Privacy Policy. Ad Choices, Remembering Sinad OConnors Sublime Music and Righteous Rage. As a result of this announcement, it comes as a surprise, as Macys had previously announced plans to close their mall store a few months ago. The mall itself, the center building, will be completely rehabbed under the concepts that Ive seen, Roach says. 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. Today marked the end of an era as the Galleria Mall in White Plains officially closes for good. Answer: Cats arent afraid for their jobs. 2023 CBS Broadcasting Inc. All Rights Reserved. The plan is to transform the 870,000-square-foot mall into a mixed-use commercial and residential site. More recently, the former Valley View Center, which is partially torn down, is casting a downtrodden image across the neighborhood.