Mall of America kicks off $325 million expansion
Bloomington, Minn. -- Mall of America has launched a $325 million expansion project in cooperation with 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.
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.
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.
A 180,000 sq.-ft. 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. 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.
"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."