Liana Grey for Real Estate Weekly
On Tuesday, Gov. Chris Christie of New Jersey and Triple Five detailed plans for the massive Meadowlands mall formerly known as Xanadu. The stalled complex has been renamed American Dream@Meadowlands, and will be expanded to 3 million s/f by Triple Five, which owns the Mall of America in Minneapolis. The state of New Jersey is providing around $200 million in financing, while Triple Five has committed to investing over $1 billion to add features that include a skating rink, while retaining previous elements such as an indoor ski slope. The mall is expected to open in 2013.
