Xanadu: Just Don't Call It A Mall

Tuesday, August 15, 2006, by Matt Lobron

Struggles continue for Xanadu, the giant retail and entertainment complex (it's not a mall!!) at New Jersey's Meadowlands. Costs have soared to $2 billion, and the future of the project is in doubt. Former Gov. Richard Codey had this to say:

We're becoming a laughingstock with this project. At what point do we say, 'Take this project off the respirator?" ... I hear the next tenant they sign up will be a bankruptcy law firm.

[Rim shot.] The developer is actually set to announce that it has signed leases with a number of tenants, one of which is Wannado City: "The 60,000-square-foot Wannado City will allow parents to sign up their children for an afternoon of adult role-playing as they take their shot at performing a series of jobs and earning 'money' they can use to buy things at Wannado."

On second thought, maybe it is best if this never gets built.
· Xanadu set to reveal four major attractions [NJ.com]
· Analyst tells Mills to drop Xanadu [NorthJersey.com]
· Remember Xanadu? [Curbed]

Filed under Commercial Real Estate, Outside NYC: New Jersey, Real Estate Development,

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Comments (3 extant)

this place looks so jersey, i'm not so sure why it hasn't gone up yet...every jersey girl with their slutty tops, COACH (knock off or factory) purse and bad jewelry will want to keep this place open....

http://www.rockwellgroup.com/

look! they even have fashion shows at the Xandadu, where is olivia newton john? where is the roller skateing? what is this crazy place?

By model at August 15, 2006 3:17 PM

Yes, if it weren't for Xanadu New Jersey wouldn't be a laughingstock.

By xavier at August 15, 2006 4:41 PM

looks like it's open now! xanadumall.com

By Chrissy at September 19, 2006 12:14 PM