Triple Five to Operate American Dream Meadowlands, to Become World's Largest Retail and Entertainment ComplexBy Triple Five, PRNE
Sunday, May 8, 2011
American Project Expected to Become International Tourist Destination
EAST RUTHERFORD, New Jersey, May 9, 2011 - Triple Five, owner of some of the world's largest and most visited retail
destinations, today announced design plans and a new name for the Meadowlands
entertainment and retail complex in New Jersey, United States. Triple Five
will transform the existing space, now renamed the American Dream |
Meadowlands, into the world's largest and premier tourism, entertainment and
retail destination eventually reaching 7.5 million square feet. The complex,
at a cost of US $3.7 billion, is expected to attract 55 million annual
"By working with Triple Five, a world-class developer that has the
necessary business knowledge and experience, we are continuing the economic
growth of the Meadowlands, while welcoming tourists from around the world,"
said New Jersey, USA, Governor Chris Christie. "I commend our partners at
Triple Five for their commitment and vision. With an attractive design plan,
unique offerings, a new name and timeline for completion, this project is
getting a much-needed makeover, while enhancing New Jersey's reputation as a
vibrant international destination."
Triple Five has 35 years experience in the development and management of
large entertainment and retail projects, most notably, Mall of America(R) in
Minnesota, United States, and West Edmonton Mall(R) in Alberta, Canada.
Combined, the two complexes attract more than 60 million visitors annually.
"We selected the name American Dream because it connotes opportunity,"
said Nader Ghermezian, Chairman, Triple Five. "It represents opportunity for
new jobs, to drive tourism, to generate tax revenue and to offer people of
all ages from around the world a unique place with unparalleled retail,
entertainment and attraction options every day of the year."
American Dream will provide three million square feet of retail and
amusement offerings and 4.5 million square feet in hotels and entertainment
venues. Unique attractions include:
- 700-foot indoor ski hill - the first in North America - open year-round - Climate controlled, glass-domed, indoor water park, open year-round - Climate controlled, glass-domed, indoor amusement park, open year-round - 200-foot diameter, enclosed-capsule, outdoor observation wheel overlooking New York City - Live-music and performing-arts theater, seating 2,400 to 3,000 people - Indoor skating rink - Indoor skydiving - Miniature golf - Dinner theaters - Bourbon Street - consisting of nightlife, fine dining establishments and international cuisines - Children's museum - Daycare facility
The size and the locations of the world's largest shopping centers now
rank as follows:
- East Rutherford, New Jersey, United States - American Dream | Meadowlands, developed by Triple Five (7.5 million square feet upon full completion) - Beijing, China - Golden Resources Mall (6 million square feet) - Dubai, United Arab Emirates - Dubai Mall (5.9 million square feet) - Edmonton, Alberta, Canada - West Edmonton Mall, developed by Triple Five (5.3 million square feet) - Minneapolis, Minnesota, United States - Mall of America, developed by Triple Five (4.25 million square feet) - The Philippines, Southeast Asia - SM Mall of Asia (4.2 million square feet)
American Dream at Meadowlands is scheduled to open in late 2013. The
project's progress can be followed at www.americandream.com.
About Triple Five. Triple Five is a multinational conglomerate and
diverse development and finance corporation, with offices in major U.S. and
Canadian cities. Triple Five's major and unique strength is its experience in
a wide range of projects giving it the ideal expertise for creating
successful mixed-use developments.
Maureen Bausch, +1-952-240-9301, Maureen.Bausch at moa.net; Dan Jasper, +1-952-240-9306, Dan.Jasper at moa.net
Tags: East Rutherford, May 9, new jersey, Triple Five