Permits & development · Deals & development · 10/19/2026
Developer plans to replace shuttered White Plains Galleria mall
Developer Louis Cappelli plans to turn the closed Galleria mall in White Plains into a $2 billion mixed-use development. The project would include 3,000 apartments and retail space. The mall closed in 2023 and has been empty since.
Reported by Crain's New YorkRead the original ↗
What happened
Crain's New York reported on October 19, 2026 that developer Louis Cappelli plans to turn The Galleria, a shuttered mall in White Plains, into a $2 billion mixed-use development. The plan calls for 3,000 apartments plus retail space.
The Galleria was once a popular shopping hub in the heart of White Plains. It closed in 2023 and has sat empty since. Crain's described it as a "zombie" mall, a dead mall that lingered long past its prime.
Cappelli is the founder of the Cappelli Organization. He is also chair and CEO of its subsidiaries, LRC Construction and Cappelli Development Company. According to Crain's, he is ready to move forward with a redevelopment plan.
Key facts
- Site
- The Galleria mall, White Plains
- Mall closed
- 2023, empty since
- Developer
- Louis Cappelli, founder of the Cappelli Organization
- Related companies
- LRC Construction and Cappelli Development Company
- Apartments
- 3,000
- Other uses
- Retail space
- Cost
- $2 billion
- Reported
- Crain's New York, October 19, 2026
What it means
Tenants and voucher holders
This would be a large number of new apartments, but the report does not say whether any will be affordable or rent-restricted. White Plains is outside the five boroughs, so NYC programs and lotteries would not automatically apply.
Caseworkers
Clients asking about this project should know it is in Westchester County, not New York City. Rules for using city-issued assistance outside NYC depend on the specific program.
Landlords
For NYC owners this is mainly a signal of large-scale housing supply being planned in the suburbs near the city. The report gives no timeline, so any effect on the regional rental market is uncertain.
The highlights
- The plan is a $2 billion mixed-use project with 3,000 apartments and retail space.
- The Galleria closed in 2023 and has sat empty since.
- Louis Cappelli, founder of the Cappelli Organization, is leading the redevelopment.
Why it matters Landlords
A 3,000-unit project just north of the city adds to regional rental supply that NYC landlords may want to watch.
Not known yet
- When construction would start and when apartments would open
- Whether any apartments will be affordable, and at what rents or income limits
- What approvals the plan still needs from White Plains or other authorities
- How the $2 billion cost will be financed
Background
New York City housing programs, such as HPD and HDC affordable-housing lotteries and rent stabilization overseen in part by the state's HCR, generally apply to buildings inside the five boroughs. Projects in Westchester cities like White Plains are approved and regulated under local zoning and state law. Any affordable units there would follow the rules of whatever local, county or state program funds them. Whether a voucher can be used outside the city depends on who issued it and that program's portability rules.
Summary written by Bulwark from Crain's New York’s reporting. The original story is at crainsnewyork.com. This is general information, not legal advice.
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Photo: Andre Carrotflower, CC BY-SA 4.0