WHITE PLAINS, N.Y.–(BUSINESS WIRE)–In what would be the largest conversion of an enclosed shopping mall into open space, mixed-use residential and retail in the New York Metropolitan Tri- State Region, Pacific Retail Capital Partners (PRCP), The Cappelli Organization, SL Green Realty Corporation, and Aareal Bank, owners of The Galleria at White Plains presented a plan to the White Plains Common Council. A key first step for the visionary redevelopment, spanning multiple city blocks in the heart of Downtown White Plains.
The project would eliminate the vacant and outmoded 43-year-old retail mall and reimagines a new future for the Downtown area, connecting the community to much-needed transit-oriented housing and creating a vibrant, economically vital, and welcoming center of life in the heart of White Plains.