At a time when many malls are closing their doors because consumers are choosing ecommerce alternatives, Triple Five Group, owned by the Jewish Iranian Canadian Ghermezian family, is going to open up what is expected to be the biggest mall in the U.S.; The American Dream Miami mall, as reported by Newsmaine.net.
This project is expected to be even bigger than Triple Five’s 100 acre Mall of America in Minnesota, the largest North American mall owned by the company, which also owns the West Edmonton Mall in Edmonton, Alberta. Triple Five Group also owns the American Dream Meadowlands project in New Jersey.
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The proposed project is predicted to be double the size of Mall of America, and will be 200 acres located in Miami Dade county. It is expected to cost $4 billion. In an effort to attract shoppers back to the mall, the American Dream mall will include gaming areas, a ski slope with artificial powder snow, a skating rink, an indoor lake, condominiums and a sea park. The aim is to attract tourists from abroad and luxury travelers.