By 2014, a shopping mall, costing over PhP4 billion(USD103 million), will rise at the city-owned reclaimed property, South Road Properties, Cebu, Philippines.
Building the mall is retail giant SM Prime Holdings. The P4.5-billion shopping mall would be the fourth biggest among the SM malls in the Philippines, next to SM North Edsa, SM Mall of Asia in Pasay City and SM Megamall in Mandaluyong City.
The new four-level mall will feature a five-theater Cineplex, an iMAX theatre, 18-lane bowling center, ice skating rink near the food court and a roof garden. The shopping mall is part of the 30-hectare mixed use development project of SM Prime called SM Seaside City, which broke ground last week.
The Philippines has so much future growth. The retail industry is still going to be strong. The shopping mall is scheduled for completion by the second quarter of 2013.
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