Pyramid Management Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2014
Walden Galleria Thanksgiving opening policy
Walden Galleria management required tenants to open on Thanksgiving evening or face a stated $200-per-hour fine, generating criticism from workers, tenants, and the wider public.
1998
Portfolio-sale and Palisades Center financing litigation
A proposed sale to General Growth Properties was followed by litigation among Pyramid partners. Court documents concerning Chase Manhattan financing also drew attention to the large increase in Palisades Center’s construction cost.
1980
Berkshire Mall environmental compliance controversy
Pyramid and a contractor were reported to have paid more than $240,000 in fines connected with wetland filling, stream relocation, and the installation of drinking-water and sewage pipes in the same trench during construction of Berkshire Mall.
1978
Crossgates Mall Pine Bush environmental dispute
Pyramid’s acquisition and development plans in the Albany Pine Bush prompted lawsuits by residents and environmentalists. Although Crossgates Mall opened in 1984, the litigation produced environmental-law precedents and helped lead to the formation of Save the Pine Bush.