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American Dream Mall reopens

American Dream mega-mall reopened yesterday. The long-delayed massive development off Route 3 in East Rutherford welcomed 80 to 100 stores, NJ noted. The luxury wing won’t be ready until spring, but the largest retail tenants that have opened include Primark, Zara, American Eagle, Lush, and Uniqlo. 

  • Worth Noting: The retailers opened along with the DreamWorks Water Park and Angry Birds Not So Mini Golf Club. Nickelodeon Universe, The Rink and Out of This World Blacklight Mini Golf will reopen and Big SNOW, the indoor ski and snowboard park, reopened Sept. 1.
  • Triple Five Group has long road ahead: The developer has struggled to pay its own bills during the pandemic. Triple Five remains more than 90 days delinquent on its $1.4 billion mortgage for Mall of America, according to Trepp, a New York-based research firm that tracks the commercial mortgage-backed securities market. The value of the mall was recently reduced to $1.94 billion from $2.3 billion, Trepp said. And Triple Five actually used Mall of America, the largest U.S. mall, as collateral for an American Dream loan, CNBC noted. [NJ+CNBC]

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