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Construction Liens, $1.2B Loan Default Are Nightmares for NJ Mega Mall Owner

April 23, 2021

Via: ENR
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The American Dream Mall has turned into a financial nightmare for its owners and the contractor and subcontractors who helped build the massive, newly minted New Jersey shopping center and entertainment destination.

Canadian conglomerate Triple Five Worldwide, which opened the 3-million-sq- ft mall last year, is poised to turn over to its lenders half the profits from its two other flagship properties, the Mall of America in Minnesota and the West Edmonton Mall in Alberta.

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