Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail Design & New Openings

  • Home
  • Retail Design & New Openings
  • American Dream mall opens in New Jersey

American Dream mall opens in New Jersey

  • Categories Retail Design & New Openings
  • Date October 30, 2019
  • Comments 0 comment

It has taken 15 years, three owners, two names and hundreds of millions of dollars worth of taxpayer incentives, but a giant mall built on a former swamp in the Meadowlands — and less than 10 miles away from the shopping haven of Manhattan — is finally opening.

The $5 billion development, formerly known as Xanadu and now called American Dream, will eventually feature roughly 3 million square feet of stores, water slides, a caviar bar and an indoor ski slope that promises man-made snow even in the height of a New Jersey summer. It is an attempt to lure crowds to a spot not easily accessible by public transportation and which most people know primarily from visits for National Football League games or concerts at MetLife Stadium.

But when the complex opens, visitors will not find anyplace to shop or much to eat. The property’s owner, the Canadian real estate firm Triple Five Group, is introducing American Dream in “chapters.” The first consists of an ice-skating rink and a Nickelodeon amusement park that claims to have one of the world’s steepest roller coasters and will offer regular “slime” shows.

American Dream in 2011, the year a new ownership group took over and rethought the complex.

Triple Five plans to unveil a DreamWorks-themed water park and the ski slope by the end of this year, and said that more than 300 stores, the essential retail part of the development, are slated to open in March. During a tour last week, few signs hung above dark, partially constructed stores and dust and orange cones littered boards protecting tiled flooring.

Still, even a partial opening of the mall — publicists said they preferred the term “style and entertainment destination” — is a milestone. The project broke ground in 2004 but construction halted with the recession. In 2011, Triple Five, which also owns the Mall of America outside Minneapolis, took over with big plans to make American Dream a globally recognized megamall. At the time, a 2013 opening date was announced. That was subsequently pushed back at least four times.

In that time, the retail landscape has shifted rapidly and major mall developments have dropped off. Some originally announced tenants of American Dream, like Toys ‘R’ Us and Barneys, are now bankrupt.

“Maybe pre-recession, there were some massive mall developments, but this is extremely unique,” said Vince Tibone, a retail analyst at Green Street Advisors.

Source: www.nytimes.com

Tag:American Dream, Mall, new opening, USA

  • Share:
gsiino

Previous post

The Barbie pop-up store arrives in Liverpool
October 30, 2019

Next post

A look inside Adidas' new digitally-enhanced London flagship store
October 30, 2019

You may also like

Senza-titolo-1
The Supermart by ZALORA x adidas opens at Bugis Junction
6 August, 2022
mangoteen
Mango Teen opens new store in Barcelona
27 July, 2022
solana
Crypto project Solana is opening a store in NYC. Take a look inside
27 July, 2022

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Walmart Has a New Idea to Take on Amazon
10Aug2022
The Supermart by ZALORA x adidas opens at Bugis Junction
06Aug2022
Brands are getting creative with being real
02Aug2022
Mango Teen opens new store in Barcelona
27Jul2022
Crypto project Solana is opening a store in NYC. Take a look inside
27Jul2022

Twitter:

GRA_World Follow

An association made up and dedicated to the retail industry world's leading companies. Become a member today!

Gra_World
Retweet on Twitter GRA_World Retweeted
meshaalbomairh Meshaal Bin Omairh @meshaalbomairh ·
19 May

Very happy to announce that I am now a member of the GRA, one of the world’s most important associations for #retail industry leaders.
يسعدني جدًا أن أعلن أنني أصبحت عضوًا في GRA ، وهي واحدة من أهم الجمعيات في العالم لقادة صناعة البيع بالتجزئة: https://twitter.com/Gra_World/status/1526975525411033089

gra_world GRA_World @gra_world ·
20 May

🚀Los invitamos al próximo #webinar #GRA donde un panel de líderes de #Latinoamerica van a compartir tendencias, experiencia y el futuro de #Marketplaces✍🏻: https://bit.ly/3yNggfI

Load More...

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy