Wilmorite Properties

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Wilmorite Properties, Inc.
Subsidiary
Industry Real estate
Founded Rochester, New York, United States (1940s (1940s))
Founder Brothers James P. Wilmot and William F. Wilmot
Headquarters Chili, New York, United States
Area served
Upstate New York
Key people
Paul J. Wilmot, president
Thomas C. Wilmot, chairman
Services Commercial real estate development and property management
Website www.wilmorite.com

Wilmorite has been in the construction business since the 1940s building single-family homes, residential tracts and apartment buildings. Supporting the post-war suburban sprawl, Wilmorite contributed to the development of many outlying neighborhoods.

In the 1950s, the founders of the company, brothers James P. Wilmot and William F. Wilmot, moved from residential into commercial construction with a series of small projects. In addition to the construction business, both the founders had early backgrounds in the aviation business. Their company, Page Avjet Corporation, grew to one of the nation's leaders in selling and servicing aircraft. The Wilmot family continued to own Page Avjet Corporation until 1982.

The 1960s brought massive urbanization throughout the United States and Wilmorite was again a leader in this rebuilding. By reclaiming downtown sites, Wilmorite rebuilt modern high-rise offices, housing, hotels, and public spaces.

During this same period, Wilmorite diversified into the shopping center business by opening Pittsford Plaza, a 530,000 square foot open-air center in a suburb of Rochester, New York. In 1967, Wilmorite acquired Greece Towne Mall, the first enclosed suburban shopping mall in Upstate New York.

Through the 1970s and 1980s, Wilmorite opened eight major shopping malls in the Eastern United States. In 1982, Wilmorite built The Marketplace Mall, the company's first retail project over one million square feet.

In 1980, Thomas C. Wilmot, son of founder James P. Wilmot, became President and CEO. Wilmorite is still a family-run business today, with several generations still holding prominent positions within the company.

Through the late 1980s and 1990s, Wilmorite continued to build, acquire and develop shopping centers. By 2005, Wilmorite owned and managed more than thirteen enclosed malls and two open-air strip centers. At the same time, Wilmorite Construction continued to grow, expanding on its already extensive range of experience by developing more than 30,000,000 square feet of retail, office, hotel, apartment, and convention space. Noteworthy projects include: Danbury Fair Mall in Danbury, CT, Freehold Raceway Mallin Feehold, NJ, Eastview Mall in Victor, NY and the redevelopment of Tysons Corner Center in McLean, VA. Some of these malls were sold to Macerich, a real estate company based in California in 2005. Wilmorite retained the Rochester NY are malls including: Eastview, The Mall at Greece Ridge, The Marketplace Mall and Pittsford Plaza.

Today, Wilmorite remains a leading real estate management company, developer, builder, and construction manager committed to improving living, work and entertainment environments for the future.

In 2008,Wilmorite ventured into the student housing arena, building and managing Park Point at Rochester Institute of Technology in Rochester, NY and in 2010, Park Point Syracuse on the campus of Syracuse University in Syracuse, NY. Both were later sold to American Campus Communities but Wilmorite continues to be a major player in student housing development, building and management.

In 2016 Wilmorite, in partnership with JNB Gaming and Peninsula Pacific was awarded a gaming license to develop, build, and manage delLago Resort and Casino in Tyre, NY - one of four privately owned and operated casinos in New York State. Anticipated opening is February 2017.

They currently own and operate the following shopping centers:

Wilmorite Properties headquarters on Scottsville Road in Rochester, New York

Former properties[edit]

References[edit]