Triple Five Group of Companies, owners and operators of Mall of America and West Edmonton Mall, the two largest entertainment, leisure and shopping destination properties in North America, announced today that it has closed on its $1.67 Billion private construction financing for the American Dream project. The new multi-million square foot entertainment, dining and shopping destination will "establish the new standard, and redefine the retail and entertainment experience in the US and across the world," said Don Ghermezian, President & CEO, American Dream. Under construction in northern New Jersey, minutes from New York City, American Dream is slated to open in March 2019.

"We are pleased to have worked with J.P. Morgan and Goldman Sachs on the financing for this transformational project. The construction loan paves the way for the completion of American Dream and allows us to aggressively move forward with the construction and opening of the project," Mr. Ghermezian added.

The construction financing was led by J.P. Morgan and the tax-exempt bond offering is being led by Goldman Sachs.

About American Dream

American Dream will redefine the entertainment, leisure and shopping experience. Open 365 days per year, American Dream will be home to the DreamWorks Water Park and Nickelodeon Universe Theme Park - North America's largest fully-enclosed parks, the Big Snow Indoor Ski & Snowboard Park, a 1,350 seat live-performance Cirque Du Soleil theater, an Observation Wheel, luxury movie theatres by Cinemex, Sea Life Aquarium, Legoland Discovery Center, Kidzania, an 18-hole miniature golf course and an NHL-size ice rink. The project will also feature world-class retailers Saks Fifth Avenue and Hermès, along with an extraordinary assortment of renowned restaurants and specialty shops.