Megamalls are having mega problems. The two largest U.S. malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. Located in Bloomington, Minn., the...
Minnesota’s Mall of America, one of the nation’s largest shopping centers, missed its third payment on its $1.4 billion mortgage, Bloomberg reported. That puts its owner, Triple Five Group, more than 60 days delinquent. The Canadian-based company failed to make its $7 million debt payment...
The American Dream megamall in New Jersey is preparing to open a round of retail stores after nearly two decades in waiting. Mall developer Triple Five Group announced Thursday (Feb. 27) that shops in American Dream will begin to open March 19, according to CNBC....
Even with the mall under pressure due to the rise of online shopping, the American Dream’s first phase will come to life on Friday (Oct. 25) with a ceremony to celebrate the opening of its theme park if there are no last-minute hitches. The months...
June 16, 2020
Minnesota’s Mall of America, one of the nation’s largest shopping centers, missed its third payment on its $1.4 billion mortgage, Bloomberg reported. That puts its owner, Triple Five Group, more than 60 days delinquent. The Canadian-based company failed to make its $7 million debt payment for June, the news service reported, citing unnamed sources. Don […]
February 28, 2020
The American Dream megamall in New Jersey is preparing to open a round of retail stores after nearly two decades in waiting. Mall developer Triple Five Group announced Thursday (Feb....
October 25, 2019
Even with the mall under pressure due to the rise of online shopping, the American Dream’s first phase will come to life on Friday (Oct. 25) with a ceremony to...
October 18, 2019
After serving as destinations for Big Apple shoppers for at least 50 years, northern New Jersey’s malls are aiming to find ways to differentiate themselves as a new retail neighbor...
