American Dream (shopping mall)
The Meadowlands Xanadu (also known as the Xanadu Project) will be a retail and entertainment complex in the New Jersey Meadowlands. This complex will be completed in 2007. When complete, Meadowlands Xanadu will be the largest retail and entertainment complex in New Jersey, and will include 4.8 million square feet of entertainment, sports, retail, office, and hotel space. The Xanadu Project will reside within the Meadowlands Sports Complex, using underutilized and existing parking areas. Additional parking will be provided through the addition of new parking decks.
The project is being developed by The Mills Corporation in partnership with Mack-Cali Realty Corporation, and is being financed by Kan Am. It is being designed by The Rockwell Group.
The project, based on a similar one in Madrid, Spain, will be divided into five areas:
- A sports area will feature an indoor ski resort, the Cabela's outdoor retail store, and an indoor race track affiliated with Formula 1. Minor league baseball and lacrosse will be staged at an attached stadium.
- An entertainment area will include Muvico Theaters (26 screens), Virgin Megastore, Borders, and a new concept store owned by Circuit City.
- An area called "children's education" will include a new branch of the Wannado City theme park.
- A food area will include some restaurants and a culinary school.
- A fashion area will have stores and a live runway show.
The Xanadu Project is not without controversy. From traffic concerns to environmental concerns, there are many who oppose the idea of building a permanent shopping center within the Meadowlands Sports Complex. The New York Giants proposed that Xanadu be closed on days when the NFL team had home games, as part of the deal to build a new stadium to replace Giants Stadium. The Giants then made an agreement with Xanadu to allow the complex to be open on game days, with the option to sue if traffic became a concern. As of early 2006, the project has gained necessary approvals and building of the Xanadu Project has begun.
New Jersey Transit is working on extending the nearby Pascack Valley Line to the Meadowlands Sports Complex by the end of 2007, in preparation for the opening of the Meadowlands Xanadu. There are also plans to extend the Hudson-Bergen Light Rail to the complex.
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