Who owns Destiny USA?
Pyramid Management GroupDestiny USA / OwnerPyramid Management Group is a development firm formed in 1968 in Upstate New York, by Robert J. Congel. It is the largest privately held shopping mall development firm in the Northeastern United States, with a large concentration on New York State. The company’s flagship mall is Destiny USA in Syracuse, New York. Wikipedia
Is Robert Congel still alive?
Congel served as a Syracuse University Trustee from 1984 until his death on Feb. 3, 2021. He chaired the Board’s Gifts Committee for the Campaign for Syracuse and was a member of the Schine Student Center National Committee.
Who built Destiny mall?
Robert Congel
Robert Congel dead at 85; Pyramid’s founder built the Destiny USA mall in Syracuse – syracuse.com.
How much is Destiny USA in debt?
Destiny USA, a 2.4 million-square-foot (223,000-square-meter) shopping center in Syracuse, owed $430 million on two mortgage-backed securities that missed a June 6 repayment deadline.
What is Destiny USA worth?
$203 million
The mall is now worth $203 million, according to a recent appraisal.
When was Destiny USA built?
October 15, 1990Destiny USA / Opened
Destiny USA opened on October 15, 1990 as the Carousel Center mall. The mall has six above-ground floors and one underground floor.
Is Destiny USA in financial trouble?
09, 2022, 4:54 p.m. | Published: May. 09, 2022, 8:00 a.m. Syracuse, N.Y. — Destiny USA is facing another deadline to repay a big chunk of the more than $700 million in debt the largest mall in New York owes.
Is Destiny USA built on a swamp?
Destiny USA Introduction Carousel Mall was founded and built by The Pyramid Companies. The area of where the mall is was previously a landfill, called Marley Scrap Yard. Before it was scrap yard, it was a wetland. Wetlands help lakes in many ways.
Does Destiny USA pay taxes?
Destiny’s developers agreed to pay the city $64 million over 12 years in exchange for not paying property taxes for 30 years, according to a June 2008 report by Philip LaTessa, Syracuse city auditor.
What happened to Robert Congel of Pyramid?
Robert J. Congel February 3, 2021 Robert J. Congel, the Founder and Chairman of the Pyramid Companies, passed away peacefully at home on February 3rd surrounded by family. He was 85 years old. A lifelong resident of Central New York, Bob was a third generation Italian American and entrepreneur at heart.
Who is Bob Congel?
After receiving his education from Fordham University, Bob returned to Syracuse and launched R.J. Congel Construction Company in 1958 with a $175 loan from his grandfather Antonio Mondo. After succeeding in the construction industry, Bob applied his talent into real estate, developing apartments, offices, warehouses, and small retail centers.
How much did Robert Congel sell his Wayne County hunting lodge for?
Syracuse, N.Y. — Mall developer Robert Congel is selling his nearly 4,000-acre Savannah Dhu hunting lodge and conference in Wayne County for $65 million. The property is listed for sale on Sotheby’s International Realty’s website.
What happened to Robert Congel’s son?
Congel’s son Stephen J. Congel, CEO of the company founded by his father, confirmed Thursday evening that the developer died on Wednesday at his home in Manlius. “I can confirm the passing of my father, Robert J. Congel yesterday afternoon,” Stephen Congel said in a statement.