Wilmorite Properties Explained

Wilmorite Properties, Inc.
Founder:James P. Wilmot
William F. Wilmot
Location City:Chili, New York
Area Served:Upstate New York
Key People:Paul J. Wilmot, President
Thomas C. Wilmot, Chairman
Industry:Real estate
Services:Commercial real estate development and property management

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

External links

Notes and References

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