Syracuse, N.Y. — Pyramid Management Group is at risk of losing its fourth mall in two years.
The Syracuse-based mall development and management company is being sued by Wells Fargo Bank after defaulting on a $53.4 million mortgage on Sangertown Square mall in New Hartford.
Pyramid, which also owns the Destiny USA mall in Syracuse, failed to meet a June 27 deadline to pay the entire mortgage balance, according to a lawsuit filed by Wells Fargo seeking to foreclose on Sangertown…