American Dream Mall’s Long Nightmare Appears Over
Owner Triple Five Group is paying off debt and foot traffic is picking up as leasing approaches 90% at the New Jersey complex
Commercial Observer | By Brian Pascus
At the start of Citizen Kane, Orson Welles’s 1941 cinematic masterpiece, the opening shot pans up through a mix of fog and shadow to highlight Xanadu, an immense private estate that we’re told during a newsreel voiceover “is the costliest monument a man has built to himself … since the pyramids.”
Boasting “the loot of the world,” “the biggest private zoo since Noah,” and “a collection of everything so big it can never be cataloged or appraised,” Xanadu is undoubtedly a fictional creation. That is until you visit East Rutherford, N.J.