A developer with grand plans to build the $400 million iSquare Mall + Hotel on International Drive in Orlando, Fla., has been accused of commingling funds in a bankruptcy case, which the lender says was filed in a “lack of good faith,” the Orlando Sentinel reported. The lender is asking a judge to throw out the bankruptcy, which could allow it to seize the property where Abdul Mathin planned to build iSquare. That would spell an end to Mathin’s iSquare plan, at least in that location. He had planned to demolish the 1980s-era International Shoppes retail center and build iSquare on the property. The Delaware lender, Elizon DB, is objecting to the bankruptcy of International Shoppes, which is owned by Mathin.
