Miami Condo Market and Lifestyle Updates
Developer Literally Makes His American Dream on 200 Acres of Land with $4B

Developer Literally Makes His American Dream on 200 Acres of Land with $4B

by Sep Niakan | November 23, 2015

Eskandar Ghermezian, an Iranian-Canadian developer, plans to build his own American Dream. And surprise: he's calling it American Dream Miami.

Triple Five Worldwide Group, Ghermezian’s family owned company, is purchasing and developing 200 acres of cow pastures near I-75 and Florida’s Turnpike in Northwestern Miami-Dade County.

Representatives of Triple Five say American Dream Miami, once finished, will be the single largest shopping mall and entertainment complex in the United States. The project would cost around $4 billion and envelop 6.2 million square-feet of space.

So far, they've revealed a lot about the specifics. Some of the amenities include a 16-story indoor ski slope, 20-slide water park, a submarine ride in a custom designed saltwater lake, a climate-controlled theme park, a 14 screen 3D Movie Theater, a performing arts center, a 2,000 room hotel, and so much more.

American Dream Miami also plans to build a 3.5 million square-foot mall. Aventura, Florida’s largest mall and the United States’ third largest mall, has 2.7 million square-feet of space in comparison.

 

Source: therealdeal.com

Photo credit: therealdeal.com

Recent posts

Real Estate News

Miami New- and Pre-Construction Condo Update: April 2017

by Sep Niakan | May 29, 2017

For this month’s pre-construction market roundup, we have Biscayne Beach ready to welcome residents, a boutique condo proposed for South Beach, a lawsuit on sloppy documents/buyer's remorse (you decide), and two approvals. Have a look...

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...

Lifestyle

Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...