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Retail Apocalypse, No reopening plans for NJ’s Xanadu American Dream Mall

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the staff of the Ridgewood blog

East Rutherford NJ, After nearly two decades of construction delays and billions pumped in from New Jersey tax payers , New Jersey’s mega-mall American Dream partially opened last October. Six months later, the three-million-square-foot venue was forced to close its doors because of the coronavirus pandemic. Now, even as the state continues its gradual reopening, there is still no reopening date for the $5 billion mall. As NJ.com reported, owner Triple Five Group has missed three consecutive mortgage payments and retail tenants are getting out of their leases at the space. On top of that, contractors and subcontractors have filed over $13 million in construction liens for unpaid work.

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