Triple Five officially took ownership of the mall on July 31, 2013, with construction set to start in late August of that year, despite the lawsuit. Construction officially began in November and the developer estimated it would take approximately 24 months to complete the project.
How much did it cost to build American Dream mall?
The American Dream Mall outside of New York City has turned into a financial nightmare for its owners and the contractor and subcontractors that helped build the massive $5-billion northern NJ retail complex and entertainment destination.
Is American dream the biggest mall in the world?
This is a list of shopping malls in the United States and its territories that have at least 2,000,000 total square feet of retail space (gross leasable area).
List of largest shopping malls in the United States.
|Mall name||American Dream|
|Location||East Rutherford, New Jersey|
|Metro area||New York City|
Why did American Dream take so long?
Triple Five Group announced intent to take over the mall in May 2011, and on July 31, 2013, officially gained control of the mall and the surrounding site. After a series of ownership changes, financing issues, construction delays, and legal challenges, construction stopped again in December 2016.
What is the biggest mall in the world 2020?
As of 2020, Iran Mall, located in Teheran, was the largest shopping center in the world with 21 million square feet of Gross Leasable Area. This represents approximately 1.95 million square meters of GLA. New South China Mall followed, with 7.1 million square feet of gross leasable space.