Word: malle
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...website that covers New Jersey news. "I expect to see David Cassidy every time I drive by that thing because it looks like the Partridge Family bus!" wrote another. Are the construction workers wearing bell-bottoms? The commenter continued, "My ex-husband flew in from Florida and said, 'That mall can be seen from space.' " (See pictures of the Mall of America...
...that thing is a mall called Xanadu, located in East Rutherford. The name is a nod to the heavenly summer home immortalized by English poet Samuel Taylor Coleridge: "In Xanadu did Kubla Khan/ A stately pleasure-dome decree." It's also the name of a ridiculous 1980 Olivia Newton-John movie involving roller-skating muses and disco. Slated to open in August, Xanadu, a wannabe shopping paradise, will be a 2.4 million-sq.-ft. retail and entertainment complex located 3½ miles from the Empire State Building, across the Hudson River at the intersection of the New Jersey Turnpike...
...give the developers some credit for their tenaciousness. But this massive project, the most expensive shopping mall ever built in the U.S., has a more serious problem than its tacky exterior: the doors will open smack in the middle of the worst recession since the Great Depression. Malls are suffering a slow, painful death. The International Council of Shopping Centers (ICSC) has predicted that 73,000 stores will close their doors during the first half of 2009. Retail expert Burt Flickinger III, managing director of Strategic Resources Group, projects that 2,000 to 3,000 shopping malls and centers nationwide...
...What's worse, according to Xanadu's detractors, is that the mall will offer discretionary amenities at a time when consumers are in survival mode. For example, that ski jump structure will actually house a 165,000 sq. ft. indoor skiing and snowboarding facility. The mall will also include restaurants like the Cheesecake Factory, whose 2008 profits dropped nearly 30% amid the casual-dining meltdown; an 18-screen movie theater; fashion retailers such as H&M, Guess and Zara; and Cabela's, an upmarket fishing, hunting, outdoor apparel and equipment outlet. Adrenalia, an extreme-sports store, is slated to have...
...Although Xanadu doesn't have a pretty face, it's what's inside that counts for a mall. And if Xanadu can corral enough retailers to sign on for a grand opening, it has the potential to at least survive the downturn. If all goes according to plan, the mall could spice up the shopping experience, which would be a welcome change in this depressed retail environment. For example, a huge video screen in the sports area will broadcast games, which could draw shopping-averse men to the mall. The Children's Science Center, Legoland Discovery Center and Wannado City...