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Press Releases

Crossgates Drone 202220

Pyramid Secures Loan Extension on Crossgates in Albany, NY

- The extension of five years allows Pyramid to continue to reinvest in new and exciting uses, adding to its already diverse tenant mix, and ensuring its position as the dominant shopping destination in the Capital Region - SYRACUSE, NY — Pyramid Management Group, one of the largest, most innovative, privately-held shopping center developers in the northeastern United States, has successfully worked with its lenders to...

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Crossgates Drone 2022

Pyramid Statement on Crossgates Loan Transaction

Syracuse, NY — Pyramid Management Group, the largest owner and operator of enclosed shopping centers in New York State, confirms its continued ownership and management of Crossgates, the Capital Region’s premier shopping, dining and entertainment destination. The following statement is attributed to Pyramid Management Group CEO Stephen J. Congel: “This is business as usual for us. We have already been in touch with and are...

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Pyramid Welcomes Primark to Crossgates in Albany, NY

-- Crossgates Marks Primark’s First Store in the Capital Region and the Second Primark Location Across the Pyramid Portfolio --   Albany, NY – Pyramid Management Group, the largest privately-held shopping center developer in the northeast, is excited to announce the opening of the first Primark store in the Capital Region at Crossgates in Albany, New York. This marks the continuation of an exciting partnership...

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Poughkeepsie Galleria Bustles with Activity

Pyramid Restructures and Extends Loan on Poughkeepsie Galleria

-- The restructure and extension of Poughkeepsie Galleria’s loan allows Pyramid to reinvest in the shopping center, ensuring its health, vibrancy, and dominant positioning for decades to come -- SYRACUSE, NY — Pyramid Management Group, one of the largest, most innovative, privately-held shopping center developers in North America, has successfully worked with its lender to restructure and extend the loan on Poughkeepsie Galleria, Dutchess County’s largest,...

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Pyramid Welcomes Primark to Walden Galleria

-- Walden Galleria Marks Primark’s First Store in Western New York and the First of Two Primark Locations Across the Pyramid Portfolio --   Buffalo, NY – Pyramid Management Group, the largest privately-held shopping center developer in the northeast, is excited to announce the newest addition to its portfolio—the opening of the first Primark store in Western New York at Walden Galleria in Buffalo, New...

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Pyramid Press Photo

Pyramid Reports Nearly 20% Surge in January Sales

Syracuse, New York—Pyramid Management Group, the largest privately-held shopping center developer in the northeast, reports a significant sales surge across its portfolio of shopping, dining, and entertainment destinations, with sales up by nearly 20% year over year in January 2023. This growth underscores Pyramid's commitment to creating vibrant, dynamic destinations for its guests and strategy of continually reinvesting, reinventing, and reimagining its shopping centers to...

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