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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Retail

This new retail complex would make the Mall of America look like a flea market

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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March 6, 2015, 4:32 PM ET
Photography by AFP AFP/Getty Images
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The Mall of America’s owners want to build an even bigger shopping and entertainment hub.

Triple Five Group, the company behind the Mall of America, says it wants to build a 200-acre shopping and entertainment destination in southeastern Florida. Called “American Dream Miami,” the facility would include a variety of entertainment features along with retail stores, including a submarine ride, a ski slope, a Ferris wheel and a roller coaster.

The Miami Herald reports the project would cost $4 billion and create up to 25,000 construction jobs. In a statement, Triple Five says its goal is to hire the same number of people once the facility is built:

Similar to our other projects, we intend to capture the very best elements of West Edmonton Mall, Mall of America and American Dream. Like our other properties, American Dream – Miami will generate tens of thousands of jobs and have an annual economic impact for the State of Florida in the billions.

American Dream Miami is still awaiting land zoning approval, according to The Miami Herald. Triple Five is family-owned and was started in Canada, the Herald reports.

The news comes about a year after Fortune reported that the Mall of America will be expanding.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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