Wilmorite Properties

Last updated
Wilmorite Properties, Inc.
Industry Real estate
Founded1940s
Founder James 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
Website www.wilmorite.com
Wilmorite Properties headquarters on Scottsville Road in Rochester, New York Wilmorite Properties headquarters.JPG
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.

Contents

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

History

James P. Wilmot founded the company in the 1940s [1] 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. [2] In 1993, Wilmorite bought Long Ridge Mall from the McCurdy's company and combined Greece Towne Mall and Long Ridge Mall in 1994, renaming it The Mall at Greece Ridge Center, dropping "Center" in 2006. [3]

In 2003, it was reported that a subsidiary of the company owed 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. [4]

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

Notable former properties

References

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