- What death of retail? Miami moving forward with country’s largest mall. Aerial view of the Mall of America (Courtesy Triple Five)
On May 7, the largest mall in the country received approval from the Miami-Dade county planning board. The approximately 500-acre project, dubbed The American Dream Miami, is led by Canadian developer, Triple Five.
The $4 billion, 6-million-square-foot entertainment center’s design includes features such as an artificial ski slope, an indoor water park, and submarine rides. Located 200 miles from Disney World, the American Dream is hoping to provide a competitive alternative in closer proximity to southern Floridians. Ringed by the I-75, the Florida Turnpike, and a band of palm trees, Triple Five’s design rises as a singular mass punctured by high-rise glass hotels, rooftop components and undulating glass skylights.
However, according to the Sun Sentinel, scores of malls in the area oppose the project as it threatens to inundate an already saturated retail complex market.
Located over five miles from the nearest Metrorail stop, the Miami Herald reports that the developer has agreed to invest in its own bus depot and fund the extension of preexisting bus lines to The American Dream. Regardless of this transit overture, the sprawling complex will be highly reliant on the adjacent I-75 and Florida’s Turnpike to accommodate the estimated 100,000 daily vehicle trips generated by visitors and employees.
Although malls across the country are closing shop, Triple Five is also moving forward with a 3 million square-foot entertainment complex in East Rutherford, Jersey. In total, these two new projects will bring Triple Five’s portfolio up to four locations, including Bloomington, Minnesota’s Mall of America which currently holds the title for the third largest mall in America.
While Triple Five has received approval from the county planning board, the developer still has to secure new zoning variances, additional financing and propose storm water runoff infrastructure. The project will be subject to a final vote on May 17.