The Pyramid Companies
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| Private | |
| Industry | Real estate |
| Founded | 1970 |
| Founder | Robert J. Congel |
| Headquarters | Syracuse, New York |
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Number of locations
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17 malls/power centers (2017) |
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Area served
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New York State, Massachusetts, Northern Virginia |
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Key people
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Robert J. Congel, CEO Timothy J. Kelley, President |
| Products | Shopping malls, power centers |
| Services | Management and development |
| Website | www.pyramidmg.com |
Robert J. Congel, CEO
The Pyramid Companies (also known as Pyramid Management Group) were formed in 1970 in Syracuse, New York by Robert J. Congel. The first three malls the company built were the Pyramid Mall Johnstown in Johnstown, New York, Pyramid Mall Fulton in Fulton, New York, and Pyramid Mall Oneonta in Oneonta, New York. All three malls opened in 1972. Each mall featured a White-Modell's department store and Loblaws supermarket as anchors. These malls were much smaller, community-type centers compared to the company's current malls.
The next three malls built by Pyramid, regarded as the company's "pioneer malls", were Pyramid Mall Ithaca (later The Shops at Ithaca Mall) in Lansing, New York, Pyramid Mall Plattsburgh (later Champlain Centre South) in Plattsburgh, New York, and Pyramid Mall Saratoga (later Saratoga Mall) in Saratoga Springs, New York. All three malls opened in 1975 and marked the beginning of an advance in shopping center construction and ownership. Of these three malls, the Plattsburgh and Saratoga properties were demolished for strip centers, but the Ithaca property still continues to operate as an enclosed mall.
Currently, Pyramid is the largest privately owned developer of shopping malls in the country. The company currently owns 17 properties in total, with 13 in New York, three in Massachusetts and one in Virginia.
Pyramid developed and currently manages four out of the 20 most visited shopping malls in America - Destiny USA in Syracuse, New York (which is prominently featured on the company's website), Palisades Center in West Nyack, New York, Walden Galleria in Buffalo, New York, and Crossgates Mall in Albany, New York.
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Wikipedia