Crooks Nab $140K in Jewelry and Luggage From American Dream Mall Owner’s Home


The owner of the American Dream Mall has just experienced a nightmare.

A group of crooks broke into Triple Five Group CEO Don Ghermezian’s multimillion, 11,000-square-foot Bronx mansion over the weekend and swiped $140,000 worth of jewelry and luggage from the home, the NYPD said.

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On Saturday, at least four men got into Ghermezian’s home on Grosvenor Street in the Riverdale section of the Bronx by breaking into a rear balcony window at about 5:16 p.m. and made out with the pricey items, according to surveillance video and police. Nobody was home at the time of the burglary, police said.

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Ghermezian told the New York Daily News that he was out of town at the time and found out about the break-in through a notification from his security system.

Ghermezian is the president and CEO of the family-run Triple Five Group which is behind mega-mall projects including the West Edmonton Mall in Canada and the Mall of America in Minnesota.

In October, Triple Five opened the first “chapter” of the 3.1-million-square-foot American Dream Mall in East Rutherford, N.J., after 16 years of construction and numerous missed deadlines. The first phase of the project has a Nickelodeon-themed indoor amusement park and an ice-skating rink.

All told, the American Dream Mall — which began its life as Xanadu in 2003 — will have 1.5 million square feet of retail, an indoor ski lift, a DreamWorks-branded indoor waterpark, a Cirque du Soleil venue, a National Hockey League-sized ice rink, two hotels and a convention center.