The owner of the 2.4M SF Destiny USA, New York’s largest mall, has defaulted on a $300M mortgage on the property. 
An independent auditor’s report, presented with the most recent financial statements of parent company Pyramid Management Group, says, “These conditions raise substantial doubt about the company’s ability to continue as a going concern,” Syracuse.com reported. 
The default happened when Carousel Center Co., the Pyramid Management Group entity that owns the original part of the mall, didn’t lock in an extension on the loan’s maturity date last June.
Its failure to do so rendered null a forbearance agreement on the loan, the balance of which, including unpaid interest, came due…