In 2022, Pacific Retail and Aareal Bank developed a joint venture partnership to undertake the redevelopment of this iconic landmark destination with two of the most prominent players in the White Plains and NYC Metro real estate market: SL Green Realty Corporation and the Cappelli Organization. The two partners bring extensive local multi-family and office experience to the partnership.
Pacific Retail Capital Partners (PRCP) is one of the nation’s premier retail operating, management, and development groups of retail-led mixed-use properties evolving real estate for the next generation. Based in Southern California, PRCP provides end-to-end sourcing, assessment, underwriting, valuing, development, design, marketing, leasing, and asset management of consumer real estate with a proven track record of repositioning retail properties. PRCP has more than $3 billion in assets under management in the United States and strategically manages over 20 million+ square feet of regional, open-air lifestyle and mixed-use centers.
The Cappelli Organization is a prominent leader in real estate development and construction in the northeast, and has a proven 40-year track-record of excellence. Centrally located in Westchester County, New York, the company has successfully completed over 25 million SF of development including mixed-use, retail, waterfront, residential, hotel, restaurants, office, industrial, laboratory and parking facilities, representing a value in excess of $10 billion. The company has a current development and construction pipeline in New York and Connecticut of over 20 million square feet.
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing, and maximizing value of Manhattan commercial properties. SL Green holds interests in 64 buildings totaling 34.4 million square feet. This included ownership interests in 26.3 million square feet of Manhattan buildings and 7.2 million square feet securing debt and preferred equity investments. To learn more visit www.SLgreen.com
Executive Vice President of Design
Annmarie is the Master Architectural Designer of the project. Plenge brings a wealth of more than 25 years of professional experience master planning large-scale mixed-use projects.
A global architecture, design, and planning firm with 53 locations and 6,000+ professionals. The firm works globally with more than 3,500 clients across 33 practice areas spanning the work, lifestyle, cities, and health sectors.
Planning, and Design Consultant
As one of the nation’s premier planning, engineering, and design consulting firms Kimley-Horn offers full services in a wide range of disciplines. Kimley-Horn is renowned as one of the nation’s top consulting firms in dozens of disciplines.
Principal of Erin Rains Landscape Architecture
Eric Rains launched his practice after 23 years in the industry. He is an accomplished Landscape Architect who has extensive experience in local, state, and federal regulatory permitting process. His projects have won numerous prestigious awards.