Quick Scoop: Who Owns American Dream Mall?

The American Dream mall in East Rutherford, New Jersey, is owned and developed by the Ghermezian family , through their company Triple Five Group (also known as Triple Five Development).

The Ghermezian Family Behind the Mall

The Ghermezians are an Iranian-American family known for developing some of North America's largest shopping and entertainment complexes. They're the forces behind:

  • Mall of America in Minnesota (one of the largest malls in the U.S.)
  • West Edmonton Mall in Canada (one of the largest in North America)
  • American Dream in New Jersey (their most recent and ambitious project)

The family has been in the real estate and development business for decades, building a reputation for creating massive, mixed-use retail and entertainment destinations.

Ownership Structure and Recent Controversies

While the Ghermezian family and Triple Five Group are the developers and operators, the ownership situation has gotten complicated due to financing and legal disputes:

  • Bondholders and investors have sued, claiming they lost millions due to alleged schemes involving the mall's development and relationships with local officials.
  • A February 2026 lawsuit alleges that East Rutherford officials and the mall's developer orchestrated arrangements that cost bondholders at least $24 million.
  • The mall has also faced legal battles over New Jersey's "blue laws" (Sunday retail restrictions), with Paramus and others suing over alleged violations.

Despite these controversies, the Ghermezians remain the primary owners and operators of the property.

What Is American Dream Mall?

American Dream is a mega-mall and entertainment complex located in East Rutherford, near MetLife Stadium. It features:

  • Hundreds of retail stores
  • An indoor ski slope (Big Snow)
  • An indoor water park (DreamWorks Water Park)
  • An ice skating rink (now repurposed for events like World Cup watch parties)
  • Restaurants, amusement attractions, and more

It's one of the largest retail and entertainment complexes in the Western Hemisphere.

TL;DR

  • Owner: Ghermezian family / Triple Five Group
  • Location: East Rutherford, New Jersey
  • Status: Operational, but facing lawsuits from investors and over Sunday sales violations
  • Notable features: Indoor ski slope, water park, massive retail space

Information gathered from public forums or data available on the internet and portrayed here.