At a time when store closures are accelerating and struggling malls pockmark the country, county commissioners in Florida have approved a plan to build what would be the largest mall in the U.S., the Wall Street Journal reports.
American Dream Miami would also be the most expensive mall ever built, according to Canadian developer Triple Five Worldwide Group of Cos. The 6.2-million-square-foot retail and entertainment complex would cost an estimated $4 billion, Triple Five says.
The cost would include 2,000 hotel rooms, indoor ski slope, ice-climbing wall and water park with a “submarine lake,” where guests could enter a plexiglass submarine and descend underwater.
Edmonton, Alberta-based Triple Five secured zoning approval in May from the Miami-Dade County Commission in an 11-1 vote, and is now in the process to secure environmental and water permits for the 174-acre site. Read more at the Wall Street Journal.