One of the largest malls in the Northeast is embarking on a re-tenanting program that will stock it with new retail, dining and entertainment brands.
Syracuse-based Pyramid Management Group has secured a five-year, $193M financing package for the 1.7 million square feet Crossgates Mall in Albany, along with another $14M package for upgrades on the adjacent Crossgate Commons open-air centre.
“Our continued focus on strategic innovation and enhancing the overall guest experience has enabled us to secure new, long-term financing for this property,” said Pyramid’s CEO Stephen Congel. “We are committed to building on this momentum in the years to come and remain focused on sustaining the vitality, competitiveness and market leadership of Crossgates Mall.”
Recent additions to the mall include REI Co-Op, Crunch Fitness and Primark. Ashley Furniture is set to open at Crossgates in 2026. Other top tenants include Apple, Zara, Dave & Busters, Urban Outfitters, Lego and Lululemon.
