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Wednesday, 19 April 2006

Xanadu Project in N.J. Delayed for 6 Months

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The Record

The Meadowlands Xanadu entertainment and retail complex in New Jersey probably won't open until mid-2008, about six months behind schedule. The delay is due to developer Mills Corp.'s redesigning of portions of the $1.2 billion project at the request of two likely tenants. The redesign includes changes to a building that is expected to be occupied by Wannado City, a 100,000-square-foot children's role-playing facility, and suggests that Mills is close to making a deal with another major tenant. So far only four tenants, including a Muvico movie theater and the Cabela's outdoors and fishing store, have been announced as signing leases.



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Additional Info

  • Syndicate to Realpoint: No
  • Cities: New York City
  • States: New York
  • Sector: Retail
  • Subject: Development/Construction (DEV), Mid-Atlantic Regional Digest (MADIG)
  • Valuation: Between $50 million and $100 million, More than $150 million
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