Wilmorite
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| Subsidiary | |
| Industry | Real estate |
| Founded | Rochester, New York, United States (1940s) |
| Founder | Brothers James P. Wilmot and William F. Wilmot |
| Headquarters | Chili, New York, United States |
|
Area served
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Upstate New York |
|
Key people
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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.
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Wikipedia