Las Vegas-based developer Triple Five Worldwide Development Co. expects to announce its construction team for the long-stalled $2.2-billion American Dream Meadowlands project as early as first quarter of 2014, a Triple Five spokesman says. Construction would start soon after and take 18 to 24 months to complete, says Alan Marcus, president and CEO of the Marcus Group, Little Falls, N.J., which represents Triple Five.
About 80% of the East Rutherford retail and amusement project, formerly known as Xanadu, is completed, but design changes to the facade are being made, Marcus says. Triple Five also plans to build a 639,000-sq-ft amusement and water park adjacent to the retail component. The New Jersey Economic Development Authority (EDA) estimates that the project will result in about 5,810 temporary construction jobs.