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GlobeSt.com UPDATE: Giants and Xanadu Reach Agreement

EAST RUTHERFORD, NJ-The Giants work out their issues with the Xanadu retail complex neighbor, but neither party has elaborated on the details.

By Sean Ryan | Updated on September 20, 2005

Sean Ryan is associate editor of Real Estate New Jersey . (For more retail coverage, click GlobeSt.com/RETAIL.)

EAST RUTHERFORD, NJ-The New York Giants have reached an agreement with the developers of the upcoming Xanadu retail complex about sharing the Meadowlands. “We are committed to moving forward with the planned, 100% privately-financing project that would result in the development and operation of a world-class sports and entertainment complex at the Meadowlands,” says John Mara, COO of the Giants.

The Giants had filed suit to force the Xanadu complex to close on game days. The outcome of this dispute was not clear at deadline, aside from the two sides coming to some manner of agreement. “We believe that Meadowlands Xanadu will enhance the experience of all visitors to the Meadowlands Sports Complex,” says Laurence Siegel, chairman and CEO of the Mills Corp., co-developer of Xanadu.

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