Pillsbury has advised global real estate developer Triple Five Group of Companies on the $2.8 billion construction financing for the American Dream project. American Dream will be the largest entertainment and shopping complex of its kind in the United States, located in northern New Jersey, just across the Hudson River from Manhattan.
Slated to open in March 2019, American Dream is expected to include a DreamWorks water park and a Nickelodeon interactive theme park—each the largest of its kind in the world— a movie theater, a performing arts theater, a bowling alley, an 18-hole miniature golf course, an ice skating rink, an aquarium, an indoor ski and snowboard hill and a variety of global retail brands, popular restaurants and unique specialty shops. American Dream will rank among the three largest tourism, retail and entertainment complexes in the world, joining two other Triple Five properties: the West Edmonton Mall® in Canada and the Mall of America® in Minnesota.
The Pillsbury real estate team advising on this high-profile matter was led by partners Pete Freeman (Washington, DC and New York) and Caroline Harcourt (New York) and senior counsel Alan Pomerantz (San Francisco). Partner Peter Baumgaertner and associates Daniela Alvarado and Christian Scarlett in New York also played critical roles in the transaction.
Pillsbury Real Estate lawyers advise market-leading clients on transactions and development projects of every kind, involving all asset classes and in locales around the world. Equipped with decades of experience and an established reputation for delivering creative and effective solutions, we work with clients to anticipate issues, overcome hurdles, minimize costs and risks, and expedite permits and approvals to close deals efficiently.