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Wilmorite Properties

From Wikipedia, the free encyclopedia

Wilmorite Properties, Inc.
IndustryReal estate
Founded1940s (1940s)
FounderJames P. Wilmot
William F. Wilmot
Headquarters
Chili, New York
Area served
Upstate New York
Key people
Paul J. Wilmot, President
Thomas C. Wilmot, Chairman
ServicesCommercial real estate development and property management
Websitewww.wilmorite.com
Wilmorite Properties headquarters on Scottsville Road in Rochester, New York

Wilmorite Properties, Inc is a commercial real estate company based in Chili, New York, a suburb of Rochester, New York.

A subsidiary of the company owes significant back taxes and fees to the City of Rochester resulting from a loan and tax agreement surrounding the failed development of the Sibley Building.[1]

The company manages Eastview Mall, The Mall at Greece Ridge, The Marketplace Mall, and Pittsford Plaza, all of which are in Rochester.

History

James P. Wilmot founded the company in the 1940s[2] and since then, Wilmorite has developed retail, office, hotel, and residential real estate.

In 1967, Wilmorite built Greece Towne Mall (now The Mall at Greece Ridge), one of the first enclosed regional malls in New York State.[3] In 1969, Wilmorite opened Long Ridge Mall and combined Greece Towne Mall and Long Ridge Mall in 1994, renaming it The Mall at Greece Ridge Center, dropping "Center" in 2006.[4]

In 2005, the majority of the assets of the company were acquired by Macerich.[5]

Notable former properties

References

  1. ^ Busby, Chris; Oliveiri, Chad (May 14, 2003). "Big debt downtown". City Newspaper.
  2. ^ "History". www.wilmorite.com. Retrieved 2019-06-22.
  3. ^ Stone, Mary (2007-07-27). "20/20: Wilmot changed the region with move to malls". Rochester Business Journal. Retrieved 2020-12-29.
  4. ^ Chao, Mary. "Area malls change with the times". Democrat and Chronicle. Retrieved 2020-12-29.
  5. ^ Smith, Ray A. (December 24, 2004). "Macerich to Acquire Wilmorite Properties In $1.45 Billion Deal". The Wall Street Journal.

External links

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This page was last edited on 6 November 2021, at 20:56
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