Rendering of the proposed American Dream at Meadowlands complex
EAST RUTHERFORD — Two big names in retail, rumored to open in long-stalled North Jersey complex, have officially committed to the American Dream, the mall's developer announced Friday.
Lord & Taylor and Saks Fifth Avenue will set up shop in the multi-billion dollar project in the Meadowlands, still slated to open in summer of 2017, according to Triple Five. Saks will also open a 30,000-square-foot outlet store, Saks Fifth Avenue Off 5th.
PLUS: Macy's to close dozens of stores in early 2016 The mall's developers estimate 40 million people, half tourists, will visit the mall and entertainment complex annually. Aside from the shops, the American Dream will feature an indoor water park, Imax theaters, amusement park, ski park and aquarium in the three million square-foot complex.
The project, renamed from Xanadu to the American Dream Meadowlands, recently received millions of dollars in tax breaks from the state as the developers aim to finalize all the financing this fall.
Lord & Taylor and Saks Fifth Avenue will be located in luxury area of the mall, "The Collections," and Saks Off 5th will open on the third level off-price district, according to Triple Five.
Saks closed its location in the Shops at Riverside late last year