Mall of America in Bloomington Eyes $500M Luxury Revamp

BLOOMINGTON, Minn. — The Mall of America submitted plans in 2015 for a transformative $500 million-plus expansion, featuring 580,000 square feet of new high-end retail space, a 180-room luxury hotel, 120 residential units and a 168,000-square-foot office building.[2][4][5] Minneapolis-based Ryan Cos. US Inc., in partnership with mall owner Triple Five Group, designed the project with a multi-story bridge connecting to the existing complex north of Lindau Lane, crafted by architect DLR Group.[2] The expansion, dubbed The Collections at MOA, attaches to Phase IC between Nordstrom and Sears, marking the mall's push into luxury amid Bloomington's hotel surge.[2][5] Bloomington's development boom underscores the project's stakes: A 342-room JW Marriott Hotel linked to a prior expansion opened in late 2015, with 970 more rooms under construction that year and hundreds more planned.[2] Port Authority Administrator Schane Rudlang highlighted the city's momentum, as the Mall of America — spanning 5.6 million square feet — seeks to lure affluent tourists.[2][3] The plans faced a lengthy approval process, with preliminary review by the Bloomington City Council set for November 2015 and final plans in February and March 2016.[2] Financially, Triple Five Group, led by the Ghermezian family, extended its $1.385 billion mortgage on the property in 2025, securing a three-year term plus a one-year option after injecting new equity and collateral.[3] This move comes as the 1992-opened Mall of America remains a Twin Cities economic engine, drawing millions annually to Bloomington, 10 miles south of Minneapolis.[1] While initial reports from FOX 9 sparked buzz, no confirmed construction updates post-2015 appear in recent records, leaving the luxury vision in limbo.[2][4]