Property developer Megaworld Corp. said it is spending P1.8 billion to build a flagship mall in Central Luzon.
Megaworld said Capital Mall, a three-level full-scale mall with gross floor area of 33,000 square meters, would rise in its 35.6-hectare township development in San Fernando, Pampanga.
It said construction would start by the second half of 2020 and would be completed by 2022.
“We are curating a new and unique design concept for this mall. As a tribute to the legacy of Pampanga’s oldest sugar mill, we will build the Capital Mall with its rich cultural heritage in mind,” Megaworld chief strategy officer Kevin Tan said.
“Other recovered portions of the sugar mill such as the giant bull gears, sprockets, and mechanical parts will become part of the mall’s interiors,” he said.
Capital Mall is highlighted by its unique architecture that mimics the sugar mill, reminiscent of the original structure that stands on the same spot of the township.
The area in which the township is being built used to be the site of the historic sugar central of Pampanga Sugar Development Company which was built a century ago.
The mall, which will be operated and managed under the Megaworld Lifestyle Malls brand, will also feature the re-created chimneys of the PASUDECO Central. The bricks recovered from the original sugar mill will be used for mall’s interior walls.
Capital Mall will have a landscaped garden enclave of restaurants and cafes surrounded by water ponds and century-old trees.
It will also have four state-of-the-art cinemas, a food hall, and a shophouse strip.
“Even the food hall will sport an industrial architecture highlighted by more mementos of the sugar central. The cinemas will also feature the 1960s charm and ambience,” said Tan.
Megaworld has 17 commercial and mall properties in its portfolio.
Megaworld said that over the next three years, it would spend P10 billion to open eight new malls.
The eight new malls will add 200,000 square meters of shopping space to its Megaworld’s portfolio located in Cebu, Bacolod, Davao, Boracay, Cavite, and Pampanga.