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THOMAS C. WILMOT

CHAIRMAN OF THE BOARD, WILMORITE MANAGEMENT GROUP, LLC

Years in current role: 42

What has been your organization’s biggest success over the past year?

  1. The University of Rochester’s $230 million orthopedic center will open at the end of this year at the Marketplace Mall, a truly transitional event for the project.
  2. Wilmot Gaming was selected for a full casino license in Danville, Illinois by the Illinois Gaming Commission. Construction is underway and will be open in March 2023.
  3. Permitting is underway for a 370-apartment complex in Raleigh, North Carolina, in partnership with Trammell Crow. Construction should begin in the first quarter of 2023.

What are your expectations for the rest of this year?

The commercial real estate industry faces a number of challenges this year: rising interest rates, escalating construction costs, and the potential for more conservative debt underwriting will make for a challenging environment in the near term.

What are your favorite things about Rochester?

Rochester is a great community in which to raise a family. We have world-class higher educational institutions. We have superior health care available and some of the best public-school systems in the country. We have reasonable housing prices and a host of outdoor activities, whether you are into skiing or snowmobiling, sailing or swimming in Lake Ontario or the Finger Lakes, or hiking or site seeking in the many state parks in our immediate area. We also have great golf courses and a variety of weather.

This profile is part of Rochester Business Journal's Power 30 Real Estate & Construction list for 2022. Information used in this profile was sourced from the honoree. View the full list at rbj.net.

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