American Dream Meadowlands mega-mall claims to be 85% leased

After announcing earlier this month that it plans to open by late October, Triple Five Group’s American Dream mega-mall in the Meadowlands is now 85 percent leased, NJ.com reported. Don Ghermezian, a member of Triple Five’s founding family and president of the East Rutherford-based retail and entertainment complex, gave American Dream’s first leasing update in more than a year during a walk-through tour of the site with Fox 5 NY host Rosanna Scotto. American Dream, which in late June announced a unique partnership with Coca-Cola, expects to open its first phase on October 25, with subsequent portions of the 3 million square-foot development coming online by Christmas and early 2020. Once known as Xanadu, Edmonton-based Triple Five took over the long-delayed project in 2011. Despite continued delays, American Dream’s impending opening has many real estate professionals eager to see how the project fares amid a tough market for suburban retail landlords in the Tri-State area. American Dream, which announced a 35,000-square-foot restaurant and store lease this week with Asian eatery H Mart, plans to hold a job fair next week in Lyndhurst. [NJ.com]