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Thread: Xanadu complex

  1. #271
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    So are they ever planning to finish this horrible looking mall?

  2. #272

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    Quote Originally Posted by ramvid01 View Post
    So are they ever planning to finish this horrible looking mall?
    It's not really a mall, at least not in the conventional sense. Most of the space will be devoted to uses other than retail, and there will be no department stores, few GAP type stores, and the like. It will be heavily oriented to things like waterparks, amusement rides, restaurants, entertainment and the like.

  3. #273

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    There are at least three anchor tenants. Those could easily be department stores. Cabella's was to be one of those anchors in the previous versions of the mall, it's unknown if they're interested anymore.

  4. #274

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    Quote Originally Posted by arcman210 View Post
    There are at least three anchor tenants. Those could easily be department stores. Cabella's was to be one of those anchors in the previous versions of the mall, it's unknown if they're interested anymore.
    I have never heard of any department stores associated with this complex. Obviously there will be anchor tenants, and some will be retail.

  5. #275

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    There are supposed to be something like 400 shops and restaurants. I wouldn't hesitate to call it a mall, but it's definitely a mall plus a lot more.

    It's tough to compare it to anything because there really isn't anything in the world that has a theme park, water park, ski slope, movie theater, live theater, aquarium, ferris wheel, mini golf, and millions of square feet of retail. I believe the Izod Center is being renovated and incorporated into the project as well.

    It'll be interesting to see who eventually gets to build a casino at the Meadowlands, and whether they attach it to the mall or put it next to the race track.

  6. #276
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    well, the Mall of America & West Edmonton Mall come to mind

  7. #277

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    In Dubai there's also Mall of the Emirates. But none of them have all​ of those things under one roof.

  8. #278
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    Fat lady has sung, Chris Christie is closing the IZOD center and cancelling all shows. He's transferring events to the Prudential Center where his buddy Jerry Jones now runs the concessions
    http://www.nytimes.com/2015/01/16/ny...-to-close.html





    Last edited by GordonGecko; January 16th, 2015 at 01:22 PM.

  9. #279

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    The IZOD Center has been losing money. American Dream will probably repurpose it for better use. Smart to move events to Pru Center

  10. #280

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    The IZOD Center has had problems with undersized and outdated facilities. Bring them to Newark!!!

  11. #281

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    Many reports state the closing is for "at least 2 years" which is about the time period for the construction of American Dream. Getting rid of the two events a month at this place will allow for better use of the site for construction, and you'll probably see a deal reached while the building is shuttered for either a takeover/renovation by American Dream or demolition and the building of a casino.

    There were rumors of a Barclays Center/American Dream partnership a few weeks ago, not sure of the accuracy of that.

  12. #282

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    I'll believe it when I see it!
    http://www.northjersey.com/news/nj-s...dows-1.1134553
    Road Warrior: Transit's future may get its start in meadows

    Bill James almost wishes he had been in charge of transportation at MetLife Stadium when thousands of Super Bowl fans were stuck for hours last February, waiting for trains to take them back to Secaucus Junction.The Minneapolis inventor figures he could have emptied the big East Rutherford stadium at least three times faster by using his patented solar-powered JPod monorail system, sometimes called personal rapid transit.
    "Trains are inefficient, especially in stadiums," he said in an interview last week, noting that big venues usually provide only two portals per train — one in, one out — which can make boarding large groups on big passenger cars exceptionally time consuming. These waits can be especially annoying for return trips and re-boarding, particularly when trains make local stops.
    As James tells it, his privately financed system of small, high-speed cars — or pods — cruising high above traditional traffic, could revolutionize mass transportation. This argument is especially compelling in densely populated places like North Jersey, where thoroughfares become clogged at the slightest provocation near a mall, an industrial park, an airport, a university, a hotel or a big stadium on Route 3. If these locations could be adapted to include dozens of portals for easy entry and exit, he said, a solar-powered network carrying hundreds of pods could quickly and inexpensively transport hundreds of small groups of four or five passengers from major thoroughfares to specific destinations and back again.
    "For example, instead of long waits for a train at the stadium," James estimated, "you could enter a pod at various locations, punch in your destination and be transported out of the building and onto Route 3 where you'd be taken almost anywhere you want along our network."
    If that sounds far-fetched or cost-prohibitive or just plain crazy, keep your eyes on the Secaucus side of Route 3 at Meadowland Parkway opposite the stadium and the big American Dream Meadowlands complex now under construction. Three miles of busy Meadowland Parkway is where James plans to begin building his own dream — a $120 million, solar-powered monorail system — that's expected to get under way by early next year at the latest...
    He is essentially proposing a personal rapid transit system, which is rarely successful because they are so small. The best example of one is in Abu Dhabi at the MASDAR City development, which is unfinished. Self guided air-conditioned pods move along a defined track and are dispatched on demand, based on your needs, rather than on a set schedule. This makes them convenient, but they are rarely used unless there is a huge network with a lot of destinations. If it does happen, it could potentially reduce the horendous traffic in the area and connect more people with conventional mass transit networks.

    More information here:
    http://jpods.com/secaucus.html

  13. #283
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    Lightbulb Maybe...just maybe.....

    American Dream officials say financing set for Meadowlands project

    JANUARY 28, 2015, 10:28 PM LAST UPDATED: THURSDAY, JANUARY 29, 2015, 6:53 AM
    BY JOHN BRENNAN
    STAFF WRITER | THE RECORD


    Tony Armlin, a vice president for developer Triple Five, said Wednesday that development of American Dream Meadowlands will be in full swing in a year. MARKO GEORGIEV/STAFF PHOTOGRAPHER

    This is the year financial preparations and on-site work will accelerate en route to the thousands of jobs, millions in tax revenues and billions in construction spending promised at American Dream Meadowlands, executives of developer Triple Five told the Bergen County freeholders on Wednesday.

    The “status update” presentation was hardly the first to county officials over the years regarding the shopping and entertainment project, whose predecessor Meadowlands Xanadu was first approved by the state 12 years ago. But the mammoth development foundered over the past decade as developers changed and financing problems arose.

    Triple Five Vice President Tony Armlin this time, however, offered a more imminent timetable given the resumption of construction last summer — including a ramp-up of the number of construction workers at the site from 200 now to 300 next month, 600 by May, at least 800 by September and 2,000 on-site when the development peaks at this time next year.

    Armlin also addressed the issue that up to $800 million in bonds to go toward construction costs have yet to be issued, in spite of state approval for a related tax break that came in November 2013.

    The required “guaranteed maximum price” will be established via contracts with development partners by the end of March, Armlin said, setting the stage for the bond sale this summer.

    That price is expected to be about $2 billion, Armlin added, beyond the $2 billion already spent by prior developers at the Izod Center site over the past decade. The completion of all construction contracts could set the stage for issuance of the bonds by June, Armlin said.

    The new spending still is projected to provide 19,000 on-site and off-site construction jobs in the next 18 to 24 months until completion. More than 11,000 permanent jobs will be in place upon opening.

    The scheduled opening date for American Dream is fall 2016.


    The first item Armlin addressed to the freeholders, to some chuckles from the board, was the one that he said was “the No. 1 question I am asked about in every forum”: the much-mocked multicolored exterior. Blue, orange, yellow, red and green tiles are being covered over with more neutral white and gray designs, Armlin said, with that work to be completed this fall.

    About 2,600 of the required 9,100 piles for the foundation of the 639,000-square-foot indoor water and amusement park being added to the site are in place, Armlin said. There will be about 30 rides and attractions at the amusement park — similar to the one at Triple Five’s Mall of America in Bloomington, Minn. — and a variety of flumes and slides at the water park a la the company’s version at the West Edmonton Mall in western Canada.

    Freeholder Tracy Silna Zur twice asked Armlin about what would happen if the borough of East Rutherford, the site of the project, elected not to participate in the issuance of the bonds as expected.

    “We don’t see circumstances where the borough would not go forward,” Armlin said, adding that executives in the financial markets — which he noted have strengthened in the three years since the concept of the bond issuance arose — have expressed considerable interest in the project.

    East Rutherford Mayor James Cassella said by phone after the meeting that “right now, I think we’re still OK.” But he reiterated that some details are not yet in place, and that he cannot guarantee whether the Borough Council will give final approval.

    Armlin’s appearance before the freeholders was requested last month by new County Executive James Tedesco, who previously held a seat on the board.

    The Triple Five executive said that the interior remodeling will be as thorough as the color changes outside. “Virtually everything that was done before is being removed and replaced,” Armlin said.

    The construction project on state land is expected to yield $50 million in state sales taxes along with an additional $25 million from construction payroll and income taxes, Armlin said. East Rutherford would receive an average of $8 million annually in payments in lieu of taxes from the developer over the first 20 years, according to a preliminary deal approved by the Borough Council last year.

    The outlining of a timetable for the current year contrasts with the previous decade of go-and-stop uncertainty regarding the site’s development. In mid-2002, the New Jersey Sports and Exposition Authority asked for bids for development project proposals for the land adjacent to the facility then known as Continental Arena. The board chose the Meadowlands Xanadu shopping and entertainment project by Mills Corp. and Mack-Cali in February 2003.

    Construction began two years later and continued after replacement developer Colony Capital arrived in 2006, but that work halted in early 2009 after construction funding ran out following the worldwide economic crisis.

    Triple Five came aboard in 2010, but construction at the site didn’t resume in earnest until last summer.

    After board member David Ganz asked about jobs at the site, Rick Sabato, president of the Bergen County Building and Construction Trades Council, said that all construction employment at American Dream occurs with the cooperation of the council.

    Aside from up to 300 stores and kiosks and the park complex, an indoor ski slope, an observation wheel along the lines of the London Eye attraction, a performing arts center, aquarium, and ice rink are planned for American Dream.

    The board did not ask Armlin about Triple Five’s potential interest in the Izod Center, which the sports authority voted recently to close from April through the end of 2016.

    “We see it as an entertainment venue that could be an adjunct to the entertainment offerings that we have,” said Triple Five spokes*man Alan Marcus. “It’s potentially a valuable addition, and I would anticipate it reopening again in some form.”

    Email: brennan@northjersey.com Blog: northjersey.com/brennan Twitter: @BergenBrennan

    http://www.northjersey.com/news/amer...ject-1.1260096

  14. #284
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    what a boondoggle

  15. #285
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    Quote Originally Posted by GordonGecko View Post
    what a boondoggle
    I second that...every time I pass this monstrosity I wish it was never born.

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