Is the American Dream open in the Meadowlands?

Is the American Dream open in the Meadowlands?

American Dream is a retail and entertainment complex in the Meadowlands Sports Complex in East Rutherford, New Jersey, United States. The first and second of four opening stages occurred on October 25, 2019, and on December 5, 2019. The remaining opening stages occurred on October 1, 2020 and afterwards.

What is the status of the American Dream mall?

American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic. The American Dream megamall in New Jersey, crippled by construction delays and stalled store openings, is running out of money.

Is American Dream doing well?

American Dream, according to its sales reports, had $304.7 million in sales at its stores and attractions in 2021, with the third quarter the best performer, with sales of $83 million in July, August, and September. Sales dipped to $82.4 million in the fourth quarter.

Will American Dream mall survive?

Successive waves of the coronavirus have discouraged shoppers and tourists alike. The mall was just 77% leased as of Jan. 1 and leases for another 5% of the mall were under negotiation, according to securities filings. “We anticipate by the end of 2022 we will be 93% to 95% fully leased,” Ghermezian said.

Where does the Ghermezian family live?

Iran
The Ghermezians are best known for building North America’s three largest shopping malls: West Edmonton Mall, Mall of America, and American Dream. The family has been based in Edmonton since 1964….Ghermezian family.

What stores are coming to American Dream?

Dubbed The Avenue, the area’s featured retailers will include Saks Fifth Avenue, Hermès, Saint Laurent, Tiffany & Co., Dolce & Gabbana and Mulberry, according to the statement. Ken Downing, chief creative officer at American Dream, said Jonathan Adler, Johnny Was and Zadig & Voltaire will also open stores at that time.