Printer Friendly
The Free Library
14,560,183 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Excitement grows over Xanadu.


It looks like the New Jersey Xanadu project Xanadu Project may refer to:
  • Project Xanadu, the first hypertext project.
  • Meadowlands Xanadu, a retail and entertainment complex project in the Meadowlands Sports Complex in New Jersey, United States.
 might become one of the region's premier entertainment destinations for both children and adults. Speaking at the Real Estate Lenders Association breakfast on October 19, Scott DeCain, senior vice president with the co-developer Mills Corporation The Mills Corporation was a publicly traded real estate investment trust headquartered in Chevy Chase, Maryland, United States, acquired on April 3, 2007 by an investment group comprised of Simon Property Group and Farallon Capital Management. , outlined plans for activity filled shopping areas, an indoor skiing dome and an indoor skydiving skydiving

Sport of jumping from an airplane at a moderate altitude (e.g., 6,000 ft [1,800 m]) and executing various body maneuvers before pulling the rip cord of a parachute. Competitive events include jumping for style, landing with accuracy, and performing in teams (e.g.
 simulator, as well as the country's first sweets museum called "Sugar It."

DeCain said that in designing the development's 2.2 million s/f retail/entertainment component, the Mills Corporation wished to avoid creating empty passageways between stores usually associated with suburban malls. Instead, Mills partnered with various outside companies to fill the walk-through space with theme-based entertainment.

For example, Viking will be providing a state-of-the-art cooking school A cooking school or culinary school is an institution devoted to education in the art and science of food preparation. It also awards degrees which indicate that a student has undergone a particular curriculum and therefore displays a certain level of competency.  for the complex' food and home section, while Elle Magazine will offer fashion shows and makeovers in the two-level fashion corner.

Companies that have so far committed to Xanadu also include Entertainment Weekly and the House of Blues House of Blues (HOB) is a chain of music halls and restaurants founded in 1992 by Hard Rock Cafe founder Isaac Tigrett and his friend and investor Dan Aykroyd. It is a home for live music and southern-inspired cuisine, whose clubs celebrate African-American culture, specifically , both of whom will be stationed in the entertainment section. An activity partner for the sports court has not yet been announced.

Mills has already signed several leases with retail tenants, however, which will include New Jersey's first Balducci's market, trendy Mexican restaurant Dos Caminos, a Virgin mega-store and a 36,000 s/f sweets museum. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 DeCain, the developer's wish was to avoid generic shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  fare.

"We'll house the largest movie theater in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , our sports center will feature a theater with stadium style seating and there will be a number of sport anchors [at the complex], including an indoor-skydiving simulator," he noted.

The project, which is being developed in partnership with Mack-Cali

Realty, should be completed by 2007. In order to resolve future transportation issues, Mills worked with the state of New Jersey to extend both heavy and light rail service to the Meadowlands region, where the Xanadu development will be located.

According to DeCain, once the project is complete, visitors should be able to take a train to Xanadu directly from Manhattan.

The construction of Xanadu, which will include an office and hotel component in addition to Mills' retail/entertainment section, is expected to create 21,155 construction jobs and 20,000 permanent jobs for Meadowlands residents.
COPYRIGHT 2004 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Author:Misonzhnik, Elaine
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Oct 27, 2004
Words:378
Previous Article:SL Green long-term lease put at $231m at 625 Mad.
Next Article:40,000 s/f deal marks latest Downtown victory.(Brief Article)
Topics:



Related Articles
Meadowlands Xanadu selected by N.J. Sports & Exposition Authority.
Mills Corp. and Mack-Cali sign deal to create 4.76m s/f Meadowlands sport and leisure arena.
Hersh handshake seals New Jersey mega-deal.
ING pays $119m for Meadlowands property.(ING Clarion)(Brief Article)
Mills stock upgrade sours taste for would-be buyers.
Mills Corp. pressing ahead with Xanadu despite cash woes.
$900m retail sale will help beleaguered Mills pay debt.
The Mills inks $500m deal to save Meadowlands Xanadu retail project.
Xanadu: if we build it, they will come.(Retail Markets)
To Xanadu.(shopping center plan)(Colony Capital Acquisitions finances Mills Corp.)(Brief article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles