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Wells Fargo declined to offer further comment. Triple Five Group's revenue is $1 - 10M. "A lot of that has been passed down to the next generation.". The employee data is based on information from people who have self-reported their past or current employments at Triple Five Group. The mall operator has also been seeking a four-year extension to pay off $1.7 billion in. The subdivision has been stalled by unresolved regulatory issues with the State DEC concerning public water supply to the site. [38], Triple Five announced American Dream Miami in 2015, a project in Miami-Dade County, Florida which would become the largest mall in the United States if built. Silva had received only positive feedback before his termination, the suit says, and did not get any verbal or written warnings leading up to his firing or that there was an investigation against him. Triple Five Group CEO and Executives Executive Summary. Nader Ghermezian (CEO) Jacob Ghermezian (Founder) Are You An Executive, HR Leader, Or Brand Manager At Triple Five Group? Last year, the mall lost $60 million, accumulating $232 million in expenses against $173 million in revenue. The family has faced its fair share of criticism for everything ranging from of how long it's taken to complete this project, the traffic headache some are expecting it might cause and the thought of the company adding even more retail square footage to a glut of it already in the U.S. Everyone wants to see if they'll be able to pull it off, and if they'll be able to bring New Yorkers across the Hudson River to visit. But holiday shopping will have to be done elsewhere, because the retail sections won't be coming until next year. The American Dream is set to begin opening Oct. 25. Silva is seeking to be reinstated and receive back pay and benefits, front pay and benefits, and damages. Got a confidential news tip? The mall has not yet announced reopening plans, even as Murphy this week gave nonessential retail the go-ahead to resume operating on June 15. The company also defaulted on its $1.4 billion mortgage on the Mall of America property in 2020, missing months of payments. Triple Five CEO Don Ghermezian, Pauls brother, was aware of the situation but took no action to stop it, the lawsuit alleges. None of the information on this page has been provided or approved by Triple Five Group. Triple Five Group - a Canadian conglomerate - is the developer of West Edmonton Mall in Canada, Mall of America in Minnesota and American Dream Meadowlands in the Greater New York area. Triple Five Group Ltd. | Encyclopedia.com [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. These expansions brought the West Edmonton Mall from the largest in Canada to the largest in the world. triple five, through its affiliate, t5 equity partners, llc, makes private equity and venture capital investments.