by James Loyola
August 18, 2015 (updated)
Property leasing giant Megaworld Corporation is opening 21 more malls and commercial spaces in the next five years to more than triple its gross floor area to 1.4 million square meters by 2020 from the current 304,000 sqm.
In a press briefing, Megaworld first vice president and commercial head Kevin L. Tan said the new malls will include the firm’s expansion to the provinces such as Southwoods in Laguna and its Iloilo business park.
Tan said Megaworld is also set to open two new malls, its full-scale flagship mall and a world-class dining mall, at its posh Uptown Bonifacio township in north Fort Bonifacio by last quarter of this year.
The two new malls, which will cost a total of P4 billion, will have a gross floor area of around 110,000 square meters and will bring their year-end total to 414,000 sqm.
Uptown Place is a five-level upscale mall covering 85,000 sqm of retail and commercial spaces located at the heart of Uptown Bonifacio along 9th and 11thAvenues, 36th and 11th Drive.
“Finally, we are introducing our flagship mall with new, innovative concepts and offerings. From the retail mix to the mall facilities and amenities, Uptown Place is envisioned to be a major shopping, dining and leisure destination in Fort Bonifacio,” said Tan.
The mall’s store retail mix will range from the most recognized names in fashion to the most sought-after international luxury brands, including popular foreign labels that are coming to the country for the first time.
It will also feature an eclectic selection of dining destinations, and world-class leisure and entertainment amenities.
Uptown Place will have its own food hall featuring 11 distinctly new food concepts and offering international cuisine, state-of-the-art cinemas including Megaworld’s Signature Ultra Cinemas, a rooftop sky plaza overlooking Uptown Bonifacio skyline, a lifestyle tower, chapel, Las Vegas-style water feature at the mall’s ground level and al fresco dining areas.
Anchor tenants include Rustan’s Supermarket, Robinsons Appliances, Toys R Us, True Value, National Bookstore and Hamley’s, among others.
Just beside Uptown Place will rise a unique “dining mall” called Uptown Parade, a 25,000 square meter strip that is set to become Manila’s newest dining hub.
“We will bring together some of the world’s most interesting restaurant and dining brands as well as the country’s best party makers in one destination,” said Tan.
Uptown Parade will feature al fresco dining and tree-lined walkways. Its anchor tenant is the world-renowend The Palace Superclub, the biggest night club in Asia and the largest nightlife destination in the country today.
As part of Uptown Parade, The Palace Superclub is changing Manila’s nightlife scene with over 8,000 square meters of party space that can accommodate around 10,000 people. It now houses the Valkyrie Nightclub and The Palace Pool Club, the country’s first day club and pool club complete with cabanas, daybeds, pools, and music from both local and international DJs.
SOURCE: Manila Bulletin