The Pyramid Companies

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The Pyramid Companies
Type Private
Industry Real estate
Founded 1970
Headquarters Syracuse, New York
Key people Robert J. Congel, founder and managing partner
Products Shopping malls, mixed-use
Revenue > US$ 5 billion annually (fiscal 2005)
Website http://www.pyramidmg.com

The Pyramid Companies, also known as Pyramid Management Group, were formed in 1970 in Syracuse, New York by Robert J. Congel. Its first three malls, or the company's "pioneer malls", were Pyramid Mall Ithaca (The Shops at Ithaca Mall), Pyramid Mall Plattsburgh, and Pyramid Mall Saratoga. All three malls opened in 1975 and marked the beginning of an advance in shopping center construction and ownership. Currently, it is the largest privately owned developer of shopping malls in the country. The company has since grown to own 17 properties throughout New York, Massachusetts and Virginia. However, of the three original Pyramid Malls, two have been demolished for strip centers, and the Ithaca property has since been sold.

Pyramid developed, and currently manages, four out of the 20 most visited shopping malls in America - Destiny USA in Syracuse, Palisades Center in West Nyack, Walden Galleria in Buffalo, and Crossgates Mall in Albany.

List of properties[edit]

Current malls[edit]

Past malls[edit]

The following is a list of malls that were either closed by Pyramid, or sold to another company.

Power Centers[edit]

The Pyramid Company owns the following shopping plazas:

ThEATery[edit]

The "ThEATery" concept was developed by the Pyramid Companies in conjunction with the opening of Palisades Center in 1998. It mixes movie theaters and upscale restaurants together for a combination of a movie/dinner experience. Currently, there are two centers with the ThEATery concept - with a major renovation and expansion at the Walden Galleria in 2007. Scott R. Congel (son of Robert J. Congel) has also stated his intention to use the ThEATery concept in his forthcoming Medley Centre project in Irondequoit, a suburb of Rochester, New York.

A predecessor to this can be seen in the expanded portion of Crossgates Mall as that mall's Johnny Rockets and Houlihan's are located across from that mall's theaters. Also, the Galleria at Crystal Run has a new Johnny Rockets location, and a couple of new restaurants located near its movie theaters as well.

Policies[edit]

MB-18[edit]

MB-18 sign at Holyoke Mall at Ingleside

In 2005, Pyramid began the implementation of a Parental Escort policy (branded MB-18) at the group's largest malls. The policy states that between 4:00 p.m. and closing on Friday and Saturday evenings, all children younger than 18 must be accompanied by an adult 21 years or older (exceptions are made for mall employees under 18 not employed at anchor stores and, depending on cases, those with valid college identification). This policy, similar to one that originated at the Mall of America in 1996 from 6:00 pm to closing (it was changed to 4:00 pm at around the same time Pyramid initiated its MB-18 policy), is currently in effect at Destiny USA (Syracuse), Crossgates Mall (Albany), Galleria at Crystal Run (Middletown, NY), Walden Galleria (Cheektowaga-Buffalo, NY), Holyoke Mall at Ingleside, and the Poughkeepsie Galleria. All Pyramid Malls have security programs managed by IPC International).

Smoke Free Environment[edit]

In 2010, Pyramid implemented a non-smoking policy unlike any other at Destiny USA - this policy restricts smoking, not only inside the shopping center, but outside as well. The policy covers the entire mall property. The response to the policy was so positive, Pyramid quickly implemented their Smoke Free Environment across all Pyramid owned shopping centers.

References[edit]

External links[edit]