CHEEKTOWAGA, N.Y. — Pyramid Management Group, the parent company of the Walden Galleria, announced Monday they've been granted a three-year extension on its loan.
The extension will allow the company to reinvest in the mall and ensure its "health, vibrancy and dominant positioning in Western New York."
“Walden Galleria emerged from the pandemic maintaining its position as the dominant retail and entertainment destination in the region,” said Stephen J. Congel, Chief Executive Officer, Pyramid Management Group in a released statement. “The resilience and strength of the shopping center, along with Pyramid’s continued efforts to reimagine, redefine and enhance the guest experience, enabled us to successfully extend the loan. We look forward to continuing that success over the coming years and remain committed to ensuring the health, vibrancy and longevity of the center for decades to come.”
The mall and its tenants employ more 4,000 people.
The Walden Galleria has added several new stores, restaurants and entertainment businesses, including Urban Air Adventure Park, Aloha Krab, rue21, Bravo! Italian Kitchen, Lovesac, and Offline by Aerie
They also plan to open soon a Five Below store in a 9,000 sq. ft. space on the upper level of the mall, as well as Primark, an Irish international department store. Primark is expected to open early next year.