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Mall of America Owners Want Xanadu Meadowlands (Monday's News & Notes)

It looks like Xanadu Meadowlands, North Jersey's ill-fated retail/entertainment complex has finally found the right developer. Over the weekend, Triple Five Group, the owners of the Mall of America, signed a letter of intent with Xanadu's lenders to take over the project. Given Triple Five's experience with venues of this kind (in addition to retail, Mall of America features a movie theater complex, an amusement park and other entertainment components), this seems like a step in the right direction. For more on retail and retail real estate follow the links below:

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