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Opportunity Zones are designed to spur economic development and job creation in distressed communities.
Macy’s held title to the property it has been occupying since it moved into the Galleria from its former standalone site at the corner of Mamaroneck Avenue and Main Street.
In October, Sears filed for Chapter 11 bankruptcy protection in federal court in White Plains. It announced the planned closing of more than 140 stores but Yonkers was not among them.
The transformation of downtown White Plains into the business and retail center it is today started when Del Vecchio and his city planners attracted the Galleria shopping mall to downtown during urban renewal.