Report of Izod Center deal was ‘error,’ American Dream developers say
DECEMBER 9, 2014 LAST UPDATED: TUESDAY, DECEMBER 9, 2014, 6:40 PM
BY JOHN BRENNAN
STAFF WRITER |
THE RECORD
American Dream Meadowlands developer Triple Five, which has been touting scores of leases and commitments to the 2.9 million-square-foot shopping and entertainment complex, on Tuesday backed away from a claim about taking over the adjacent Izod Center.
The four-page “Monthly Status Update” distributed to a number of real estate brokers at a shopping center conference in New York this week refers to an intention to “Re-brand Izod Center to American Dream Center in partnership with the owners of Barclays Center & Live Nation.”
But the 33-year-old arena is owned and operated by the New Jersey Sports and Exposition Authority, and agency President Wayne Hasenbalg said “that decision hasn’t been made, and we have no conversations with [Triple Five] about that. We are the entity that would decide to whom we turned over operations.”
Alan Marcus, a spokesman for Triple Five, said the arena notice was in error, but said he could not explain how it ended up in the status update. The update, distributed to many attendees at the International Council of Shopping Centers convention at the Javits Center, which ended Tuesday, also listed FAO Schwarz, Saks Fifth Avenue, Lord & Taylor and scores of other retailers.
“The only thing that would be accurate to say is that should Izod become available for lease, purchase or otherwise, we would undoubtedly participate in any privatization process, given our commitment to expanding entertainment opportunities in conjunction with American Dream,” Marcus said.
https://www.northjersey.com/news/nj-state-news/report-of-izod-center-deal-was-error-american-dream-developers-say-1.1149225
