|By PR Newswire||
|March 18, 2014 07:09 PM EDT||
BLOOMINGTON, Minn., March 18, 2014 /PRNewswire/ -- Mall of America®, the nation's largest retail and entertainment destination, Mortenson, a U.S.-based construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community, and the City of Bloomington, Minn. today celebrated the beginning of a $325 million expansion project during a groundbreaking event.
The expansion will include a 342-room JW Marriott hotel, office tower, high-end retailers, new dining options, a tourist welcome center and large event space. An extension of the Mall on all three levels on the north side, it is the most significant construction project at the property since opening in 1992.
"This is a major milestone for Mall of America," said Paul Ghermezian, chief operating officer for Triple Five Worldwide. "For more than 20 years, it has been our dream to increase the size of the Mall, firmly establishing it as a world renowned attraction. Today, I couldn't be more pleased to say that dream is becoming a reality."
The JW Marriott located at Mall of America is a ground-up, 14-story, 342-room hotel with direct access to the Mall. The hotel will be owned by Hotel Development LLC and will be managed by Marriott International. It includes a full-service restaurant and bar, grand lobby with a lobby bar, fitness center, pool, and extensive meeting space that includes a grand ballroom. It also will offer an executive lounge and underground parking.
"It is important to us to make investments that will help our Community and this region grow and prosper," said Shakopee Mdewakanton Sioux Community Chairman Charlie Vig. "This is a good investment in an important and healthy sector of Minnesota's economy, and it will bring jobs to many people who need them, including those in the Native American community."
When people think of Mall of America they often gravitate to the wide-array of retail offerings. The expansion project will build on those expectations adding more than 50 retailers which will complement the unique mix of current retailers at Mall of America.
"Mall of America is an iconic retail and entertainment destination known around the world," said Tom Lander, vice president at Mortenson Development. "We are pleased to be the development and construction partner for this important expansion and once again work with the Mall as it continues to focus on delivering a world-class experience here in Minnesota."
A 180,000 square-foot Class-A office complex is also a part of the expansion plan. It will be home to a mix of national and international business tenants that will be located atop a new multi-level parking garage, providing direct access to the Mall. It also is located near MSP International Airport and Light Rail Transit.
"Mall of America has been an industry leader and top destination for years," said Kurt Hagen, senior vice president of Triple Five Worldwide/Mall of America. "We have accomplished this by continuously reinventing ourselves, always providing new and relevant retail and attraction options. With more than 40 million visitors annually this expansion will allow us to offer guests even more world-class lodging, dining and shopping. The project would not be possible without our great partners – the Shakopee Mdewakanton Sioux Community, Mortenson, the City of Bloomington and so many others."
The expansion is expected to generate 1,000 construction jobs and 2,500 permanent jobs from ongoing retail, hotel and office operations. Construction has begun and anticipated completion is scheduled for fall 2015.
About Mall of America®
Mall of America is the nation's largest retail and entertainment complex. At 4.2 million square feet, MOA is home to more than 520 world-class shops; Nickelodeon Universe®, the nation's largest indoor family amusement park; SEA LIFE Minnesota Aquarium, a 1.2 million gallon walk-through aquarium; Moose Mountain Adventure Golf; Theatres at Mall of America® - a 14-screen movie theater with VIP theatre and more. The Mall opened in August of 1992 and is located in Bloomington, Minn., just minutes from downtown Minneapolis and St. Paul. Follow Mall of America on Facebook and Twitter or visit our blog.
About the Shakopee Mdewakanton Sioux Community
The Shakopee Mdewakanton Sioux Community is a federally recognized, sovereign Indian tribe located southwest of Minneapolis/St. Paul. With a focus on being a good neighbor, good steward of the earth, and good employer, the SMSC is committed to community partnerships, charitable donations, a healthy environment, and a strong economy. The SMSC and the SMSC Gaming Enterprise (Mystic Lake Casino Hotel and Little Six Casino) are the largest employer in Scott County. Out of a Dakota tradition to help others, the SMSC has also donated nearly $272 million since 1992, including more than $152 million to other tribes, tribal organizations, and American Indian causes.
Founded in 1954, Mortenson is a U.S.-based, family-owned construction and development services company. As one of the nation's top builders, Mortenson Construction provides a complete range of services, including planning, program management, preconstruction, general contracting, construction management, and design-build. Mortenson Development is a leader in mixed-use retail projects, administrative and technical facilities, telecommunications facilities, municipal and government buildings, manufacturing facilities, educational campuses, corporate headquarter facilities, medical office buildings, hotels and traditional multi-tenant office buildings.
SOURCE Mall of America
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