Pyramid's Black Friday Weekend Traffic Up 11.5%

SYRACUSE, NEW YORK / ACCESSWIRE / December 10, 2024 / Pyramid Management Group, the largest privately held shopping center developer in the Northeast, saw a notable boost in traffic over the Black Friday weekend, with a reported 11.5% increase across the portfolio compared to last year, according to Placer.ai.

This surge in foot traffic is further validated by positive feedback from tenants. Many retailers, restaurants and entertainment venues report their strongest traffic and sales since before the pandemic.

"We are thrilled with the strong start to the holiday shopping season and the exceptional performance of our portfolio," said Stephen J. Congel, CEO, Pyramid Management Group. "This further highlights the dominance of our shopping centers and commitment to offering the best retail, dining, and entertainment experiences in our markets."

The Pyramid portfolio includes some of the most successful shopping centers in the country, including Destiny USA (Syracuse, NY), Crossgates (Albany, NY) and Walden Galleria (Buffalo, NY), offering an exciting array of shopping, dining, and entertainment options, alongside onsite hospitality and residential. Pyramid's dedication to innovation and the evolution of its properties has helped create experiential "live, work, play" destinations that keep customers coming back and ensures that Pyramid continues to be the premier property in the markets it operates.

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Pyramid Management Group is one of the largest, most innovative, privately held real estate developers in the Northeast. Headquartered in Syracuse, New York, Pyramid's portfolio of dynamic shopping, dining and entertainment destinations and expanding hospitality and residential presence dominate the northeast with 9 properties located throughout New York and Massachusetts. For over 50 years, Pyramid has built its reputation on being first, fast, ahead of the curve and always what's next, leading the industry in combining the best elements of traditional retail with world-class dining and entertainment, all under one roof. For more information, visit www.pyramidmg.com.

Placer.ai is the most advanced location analytics platform allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. Placer.ai is the first platform that fully empowers professionals in retail, commercial real estate, hospitality, economic development, and more to truly understand and maximize their offline activities. Visit placer.ai for more information.

Source: Pyramid Management Group