EAST RUTHERFORD, N.J. (CBSNewYork) — A new section of the American Dream Mall in East Rutherford opened Friday.

A ribbon-cutting ceremony was held to unveil “The Avenue,” which features luxury shopping and fine dining.

READ MORE: Wild Edge Rangers To Spoil Lundqvist Jersey Retirement

Saks Fifth Avenue is among several retailers opening its doors in the new part of the mall.

READ MORE: TIMELINE: Nor'easter Could Bring More Than A Foot Of Snow To Long Island & Jersey Shore; Up To 8 Inches To NYC

“It is without a doubt the most incredible center in the world, and you’re about to walk into the most incredible luxury retail environment there is,” American Dream CEO Don Ghermezian said.

American Dream is celebrating the opening with a fashion and art exhibit.

MORE NEWS: Nor'easter Triggers Blizzard Warning In Suffolk County, As New York Braces For Widespread Snowfall

The new section will also showcase sculpture gardens designed by New Jersey native Jonathan Adler.

CBSNewYork Team