Triple Five Group

Triple Five Group is a Canadian conglomerate based in Edmonton, Alberta, which specializes in shopping centres, entertainment complexes, hotels, and banks, along with running three indoor amusement parks.

[7] Germez was one of several companies that bought up large parts of the RDA ring around Edmonton, paying higher prices to rural landowners than the government was willing to offer.

[9] Early in the development process, Raphael Ghermezian was faced with allegations of attempted bribery towards an alderman on the Edmonton city council.

The Ghermezians held a 50% stake in the complex, alongside Confederation Life Insurance, which bought Triple Five's share of the development for $1 in 1991.

Today, there are branches across Canada, and the bank offers several other services, including mortgages for care facilities and other commercial properties, and prepaid credit cards.

[23] Other Triple Five proposals prior to 1994 were made in Burnaby, British Columbia, Tampa, Florida, Beijing, China,[19] Burbank, California, Oberhausen, Germany, and various cities in Japan.

[2] As with Fantasyworld in Niagara Falls, local and state governments in Maryland were concerned by the amount of public money that was expected to fund the project.

Montgomery County gave up on the American Dream project by the end of 1996, and ultimately the site was used for a smaller commercial development called Downtown Silver Spring.

[5][27] The 60-acre parcel was purchased in 2011 by EHB Companies for $6.3 million,[28] and in 2019, the Las Vegas City Council approved plans for 303 single-family homes and 491 apartments to be built on the site.

The company had previously attempted to develop the site, having made a proposal for "MeadowFest America" in 2002 before construction on Meadowlands Xanadu began.

[19] The mall was intended to open in fall 2013, but legal disputes with the New York Giants and Jets and financial setbacks have continually delayed construction.

[39] Triple Five announced plans for American Dream Miami in 2015, a project in Miami-Dade County, Florida which would become the largest mall in the United States if built.

[40] In 2022, Triple Five Worldwide LLC was sued in federal court for allegedly distributing counterfeit bottles of hand sanitizer containing potentially unsafe levels of methanol at the height of the COVID-19 pandemic, which unlawfully used the "Urbane Bath & Body" trademark of an unrelated company.

Mindbender rollercoaster at the West Edmonton Mall
The West Market area of the Mall of America
American Dream in 2009, before Triple Five ownership