Mall of America will double in size after $2.5 billion expansion

Triple Five Worldwide, owner of the Mall of America in Bloomington, Minn., has kicked off construction work on a $2.5 billion, 10-year expansion project that will double the facility's size and add attractions like an NHL-sized skating rink and an indoor water park.

The development is part of a plan to draw millions of additional visitors each year, with 300 new retailers, hotels, more events space, and entertainment destinations like the water park, according to a Pioneer Press report.

Work on roadways surrounding the mall began recently, and the first phase of the building expansion is expected to start this fall. This initial, $250 million project will expand the mall to the north, adding three levels of retail space for about 50 tenants.

The mega-mall attracts some 42 million visitors each year. Triple Five Worldwide expects the expansion will draw an additional 20 million patrons. The mall will receive assistance from the state in the form of a $250 million tax break, according to the report.

SITE PLAN: PIONEER PRESS

Read Pioneer Press' full Mall of America expansion report.

It’s no accident that the word “Highline” is in this project’s name. The goal is for the building to be a kind of gateway into the larger redevelopment of the surrounding neighborhood to resemble New York’s City’s trendy downtown Meatpacking District, through which runs a portion the High Line elevated park.

Healthcare Facilities | Feb 1, 2015

7 new factors shaping hospital emergency departments

A new generation of highly efficient emergency care facilities is upping the ante on patient care and convenience while helping to reposition hospital systems within their local markets.

Common areas in multifamily buildings, often look more like lobbies found in hotels in the multifamily housing game

Multifamily Housing | Jan 31, 2015

5 intriguing trends to track in the multifamily housing game

Demand for rental apartments and condos hasn’t been this strong in years, and our experts think the multifamily sector still has legs. But you have to know what developers, tenants, and buyers are looking for to have any hope of succeeding in this fast-changing market sector.