Recent Changes for "Wilmorite" - Rochester Wiki

Wilmorite

Damiankumor — 2012-04-25T20:21:45Z

+comments

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	+ + [[comments()]]

Wilmorite

JaniceSherman — 2012-04-25T19:08:21Z

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- The '''Wilmorite''' corporation is a local property development and management company, a subsidiary of California-based [http://www.macerich.com/ Macerich].	+ The '''Wilmorite''' corporation is a locally owned property development and management company that was established in the 1920's in Rochester, NY by James P. Wilmot [http://www.wilmorite.com].
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- It is a controversial company, founded in ["1950"] by brothers James P. Wilmot and William F. Wilmot, that manages a significant portion of our area malls. They were [http://investing.macerich.com/phoenix.zhtml?c=80539&p=irol-newsArticle&t=Regular&id=657356& acquired by Macerich for $2.33 billion on April 25, 2005].	+ Wilmorite owns and manages more than 5 million square feet of office, entertainment and retail space including Eastview Mall in Victor, NY, The Mall at Greece Ridge in Rochester, NY, The Marketplace Mall in Rochester, NY, Pittsford Plaza in Pittsford, NY and Park Point at RIT in Henrietta, NY. Wilmorite owned 15 shopping centers in the eastcoast including Danbury Fair Mall in Danbury, CT, Freehold Raceway Mall in Freehold, NJ and Tysons Corner Center in McLean, VA. All 15 malls were sold to The Macerich Corporation in 2007 [http://www.macerich.com] and Wilmorite purchased the four Rochester malls back in 2009.
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- They are largely responsible for the recent ["Casino" casino] proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the ["The Sibley Building" Sibley Building]. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $11 million in back taxes, delinquent loans, and late fees owed on this property. - - "The folks who own and operate that building are, by and large, the same folks who own and operate Wilmorite," said Deputy Commissioner of Finance Stephen Gross. However, the preceeding quote does not refer to the ["The Sibley Building" Sibley Building] as owned by ["Rochwil"]. In fact, it refers to an entirely different city. Stephen Gross worked for the city of Syracuse where the Syrtel company owed $2,557,699.93 in back taxes, as of 1998. - - In defense of Wilmorite, taxes are based on the values of their properties as assessed by local government. These valuations can be highly inflated. Having the liability of all their holdings directly beneath the Wilmorite name would be a suicidal business approach. With such high risks, fewer corporations would have interest in investing in high risk properties, something vital to any developing area. If ["Rochwil"] does not agree with the assessed value of its properties, it is something to contest in a court of law. - - In 2008, Wilmorite opened ["Park Point at RIT"] on a 60-acre property leased from the ["Rochester Institute of Technology"] property.	+ The Wilmot family is best known in the community for their philanthropy including: the James P Wilmot Cancer Center, named for the company's founder [http://www.urmc.rochester.edu/giving/cancer_center/index.html], the Lorette Wilmot Library at Nazareth College [http://www.naz.edu/library/library-and-media-center] and their generous support of Syracuse University, The Salvation Army, Al Sigl Center, Rochester Institute of Technology and The University of Rochester.

Wilmorite

ReyTucker — 2010-12-24T18:57:43Z

updating a bit -- macerich got wilmorite too

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- The '''Wilmorite''' corporation is a local property development and management company.	+ The '''Wilmorite''' corporation is a local property development and management company, a subsidiary of California-based [http://www.macerich.com/ Macerich].
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- It is a controversial company, founded in ["1950"] by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], [http://www.wilmorite.com/Construction/Projects/details.aspx?id=9 Eastview Commons], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of their area malls for $2.33 billion April 25, 2005.	+ It is a controversial company, founded in ["1950"] by brothers James P. Wilmot and William F. Wilmot, that manages a significant portion of our area malls. They were [http://investing.macerich.com/phoenix.zhtml?c=80539&p=irol-newsArticle&t=Regular&id=657356& acquired by Macerich for $2.33 billion on April 25, 2005].
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	+ In 2008, Wilmorite opened ["Park Point at RIT"] on a 60-acre property leased from the ["Rochester Institute of Technology"] property. + + == Properties == + * ["Eastview Commons"] + * ["Eastview Mall"] + * ["The Mall at Greece Ridge"] + * ["The Marketplace Mall"] + * ["Park Point at RIT"] + * [wiki:syrwiki:Park_Point_Syracuse Park Point Syracuse] + * ["Pittsford Plaza"] + * ["Suburban Plaza"] + + == External Links ==
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	+ * [wiki:wikipedia:Wilmorite_Properties Wilmorite Properties on Wikipedia] + * [wiki:wikipedia:Macerich Macerich on Wikipedia]

Wilmorite

BradMandell — 2009-03-19T03:29:01Z

founding in 1950

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- It is a controversial company, founded in 1950 by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], [http://www.wilmorite.com/Construction/Projects/details.aspx?id=9 Eastview Commons], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of their area malls for $2.33 billion April 25, 2005.	+ It is a controversial company, founded in ["1950"] by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], [http://www.wilmorite.com/Construction/Projects/details.aspx?id=9 Eastview Commons], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of their area malls for $2.33 billion April 25, 2005.

Wilmorite

alexandergartley — 2009-02-06T21:42:05Z

added phone

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	+ \|\|<class="tablehead">'''Phone'''\|\| + \|\|585 464 9400\|\|

Wilmorite

alexandergartley — 2009-02-06T21:41:38Z

edited the first sentence of the description

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- The '''Wilmorite''' corporation is a local property management company.	+ The '''Wilmorite''' corporation is a local property development and management company.

Wilmorite

alexandergartley — 2009-02-06T21:41:05Z

Map location(s) modified

Wilmorite

alexandergartley — 2009-02-06T21:41:05Z

added location using address macro to the top table

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	+ \|\|<class="tablehead">'''Location'''\|\| + \|\|[[Address(1265 Scottsville Rd, Rochester, NY 14624)]]\|\|

Wilmorite

alexandergartley — 2009-02-06T21:40:24Z

added website to table at top of page

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	+ \|\|<class="tablehead">'''Website'''\|\| + \|\|http://www.wilmorite.com/\|\| +

Wilmorite

alexandergartley — 2009-02-06T21:39:22Z

bolded the name in the description

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- The ["Wilmorite"] corporation is a local property management company.	+ The '''Wilmorite''' corporation is a local property management company.

Wilmorite

andrewhallidie — 2006-07-09T20:17:30Z

fix link

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- They are largely responsible for the recent ["Casino" casino] proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the ["Sibley Building" Sibley building]. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $11 million in back taxes, delinquent loans, and late fees owed on this property.	+ They are largely responsible for the recent ["Casino" casino] proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the ["The Sibley Building" Sibley Building]. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $11 million in back taxes, delinquent loans, and late fees owed on this property.
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- "The folks who own and operate that building are, by and large, the same folks who own and operate Wilmorite," said Deputy Commissioner of Finance Stephen Gross. However, the preceeding quote does not refer to the ["Sibley Building" Sibley building] as owned by ["Rochwil"]. In fact, it refers to an entirely different city. Stephen Gross worked for the city of Syracuse where the Syrtel company owed $2,557,699.93 in back taxes, as of 1998.	+ "The folks who own and operate that building are, by and large, the same folks who own and operate Wilmorite," said Deputy Commissioner of Finance Stephen Gross. However, the preceeding quote does not refer to the ["The Sibley Building" Sibley Building] as owned by ["Rochwil"]. In fact, it refers to an entirely different city. Stephen Gross worked for the city of Syracuse where the Syrtel company owed $2,557,699.93 in back taxes, as of 1998.

Wilmorite

rottenchester — 2006-06-16T13:44:19Z

typo

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- The ["Wilmorite"] corporation is a local property managment company.	+ The ["Wilmorite"] corporation is a local property management company.

Wilmorite

FarMcKon — 2006-06-16T03:08:35Z

a little more explanation

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- The ["Wilmorite"] corporation is a controversial company, founded in 1950 by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], [http://www.wilmorite.com/Construction/Projects/details.aspx?id=9 Eastview Commons], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of their area malls for $2.33 billion April 25, 2005.	+ The ["Wilmorite"] corporation is a local property managment company. + + It is a controversial company, founded in 1950 by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], [http://www.wilmorite.com/Construction/Projects/details.aspx?id=9 Eastview Commons], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of their area malls for $2.33 billion April 25, 2005.

Wilmorite

peteb — 2006-06-15T23:37:49Z

Linked eastview commons

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- The ["Wilmorite"] corporation is a controversial company, founded in 1950 by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], ["Eastview Commons"], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of their area malls for $2.33 billion April 25, 2005.	+ The ["Wilmorite"] corporation is a controversial company, founded in 1950 by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], [http://www.wilmorite.com/Construction/Projects/details.aspx?id=9 Eastview Commons], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of their area malls for $2.33 billion April 25, 2005.

Wilmorite

RobertPolyn — 2005-08-18T14:51:26Z

Updated City Newspaper Link

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- * [http://www.rochester-citynews.com/gbase/Gyrosite/Content?oid=oid%3A1891 Excellent City Newspaper Article]	+ * [http://www.rochester-citynews.com/gyrobase/Content?oid=oid%3A1891 Excellent City Newspaper Article]

Wilmorite

RobertPolyn — 2005-05-15T05:15:55Z

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- The ["Wilmorite"] corporation is a controversial company that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], ["Eastview Commons"], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of the area for $2.33 billion.	+ The ["Wilmorite"] corporation is a controversial company, founded in 1950 by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], ["Eastview Commons"], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of their area malls for $2.33 billion April 25, 2005.

Wilmorite

RobertPolyn — 2005-05-15T05:11:01Z

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	+ * [http://www.rochester-citynews.com/gbase/Gyrosite/Content?oid=oid%3A1891 Excellent City Newspaper Article]

Wilmorite

RobertPolyn — 2005-05-15T05:09:02Z

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- They are largely responsible for the recent ["Casino" casino] proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the ["Sibley Building" Sibley building]. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $11 million in back taxes owed on this property.	+ They are largely responsible for the recent ["Casino" casino] proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the ["Sibley Building" Sibley building]. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $11 million in back taxes, delinquent loans, and late fees owed on this property.

Wilmorite

RobertPolyn — 2005-05-15T05:06:18Z

Differences for Wilmorite

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	+ In defense of Wilmorite, taxes are based on the values of their properties as assessed by local government. These valuations can be highly inflated. Having the liability of all their holdings directly beneath the Wilmorite name would be a suicidal business approach. With such high risks, fewer corporations would have interest in investing in high risk properties, something vital to any developing area. If ["Rochwil"] does not agree with the assessed value of its properties, it is something to contest in a court of law. +

Wilmorite

RobertPolyn — 2005-05-15T04:51:45Z

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- They are largely responsible for the recent ["Casino" casino] proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the ["Sibley Building" Sibley building]. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $12 million in back taxes owed on this property.	+ They are largely responsible for the recent ["Casino" casino] proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the ["Sibley Building" Sibley building]. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $11 million in back taxes owed on this property.
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- [http://newtimes.rway.com/1998/121698/cover.shtml Syracuse Syrtel Building Story]	+ * [http://msnbc.msn.com/id/7647624/ Wilmorite sells area malls] + * [http://newtimes.rway.com/1998/121698/cover.shtml Syracuse Syrtel Building Story]

Wilmorite

RobertPolyn — 2005-05-15T04:41:02Z

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	+ + "The folks who own and operate that building are, by and large, the same folks who own and operate Wilmorite," said Deputy Commissioner of Finance Stephen Gross. However, the preceeding quote does not refer to the ["Sibley Building" Sibley building] as owned by ["Rochwil"]. In fact, it refers to an entirely different city. Stephen Gross worked for the city of Syracuse where the Syrtel company owed $2,557,699.93 in back taxes, as of 1998. + + [http://newtimes.rway.com/1998/121698/cover.shtml Syracuse Syrtel Building Story]

Wilmorite

RobertPolyn — 2005-05-15T04:22:47Z

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	+ The ["Wilmorite"] corporation is a controversial company that had at one time owned a significant portion of our area malls. Properties under their control had included: ["Eastview Mall"], ["Eastview Commons"], ["Greece Ridge Mall"], ["Marketplace Mall"], and ["Pittsford Plaza"]. They sold out of the area for $2.33 billion. + + They are largely responsible for the recent ["Casino" casino] proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the ["Sibley Building" Sibley building]. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $12 million in back taxes owed on this property.