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Triple Five Worldwide to build $4bn shopping complex in US

RBR Staff Writer Published 09 March 2015

Canadian establishment Triple Five Worldwide has proposed plans to build a new shopping complex, costing around $4bn, which is expected to be the largest in south Florida.

Mall of America

The company claims that the proposed shopping complex will be larger than Mall of America in Minnesota.

The proposed project American Dream Miami will feature a ski slope, an indoor lake with submarine trips, hotels, condominiums, a mini golf course, water park and a sea lion exhibit among others.

This is expected to create close to 25,000 jobs.

Triple Five Worldwide was quoted by Reuters as saying: "Like our other properties, American Dream-Miami will generate tens of thousands of jobs and have an annual economic impact ... in the billions."

The company is yet to purchase and rezone the 80-hectare tract located in Northwest Miami-Dade County where the proposed project will be developed.

As reported in Miami Herald, Triple Five will pay around $11m for the state-owned land and another $7m to the county's school system for a lease on a portion of the land inside the boundary.

Triple Five Worldwide already owns Mall of America in Minnesota which has over 500 shops and 50 restaurants.

Image: Triple Five's proposed project will be larger than Mall of America. Photo: courtesy of William Wesen a.k.a. Appraiser / Wikipedia.