Breaking News
 
Home | Money Matters | SM Butuan sets to open in Nov

SM Butuan sets to open in Nov

By Erwin Mascarinas
Correspondent .

MALL AT WORK. An aerial view of the on-going construction of the first SM Mall in Caraga Region that will have an over-all floor area of 37,000 sq meters which is set to be opened to the public by November 29, 2019 located along JC Aquino Avenue in Butuan City. (Photo by Erwin Mascarinas)

SM Prime Holdings, Inc. is now planning to open it’s new mall in Butuan City on November this year, bringing more development in the future, an official said Thursday.

“Our target is to open the mall to the public on November 29, 2019 with its blessing to take place on the 28th,” said SMPHI vice president for  operations Mindanao Regions Oliver John R. Tiu, adding that to boost the economic growth in Caraga region.

Tiu said the  mall will have the total floor area of around 37,000 square meters, about 3 ½ story high with two major floors and then the other half would be the cinema, cyberzone with an arcade.

Tiu said the mall will be the 7th SM mall in Mindanao.

“Currently we have five SM malls in Mindanao, the 6th mall SM Minpro will open on October 18, 2019 in Zamboanga City, a month ahead of the opening of Butuan’s mall,” he said.

According to SMPHI, the Minpro Citimall in Zamboanga City, is a 22-year-old mall that closed on September 30, 2018 to facilitate the construction and expansion.      

“After the opening of the second mall in Cagayan de Oro, then next in Zamboanga City, now here comes Butuan, we hope will be able to generate big business for Mindanao. The location, is significant as in this part of Eastern Mindanao, this would be our very first,” Tiu added. 

According to the management, SM Butuan will have 122 long term tenants and will open with a target of 90% occupancy.

The construction of the mall in Butuan City was supposed to have started in 2016 but according to SM, several issues pushed the start of work on the site.

“We will have a sizeable mall for Butuan, since its being built on a major city, the capital of Caraga Region. The mall will also feature four Cinemas, with adequate parking areas on the front as well as on the back, we will also have parking on the other half of the 3rd floor.” 

SMPHI is looking into future mall projects for Toril in Davao and another in Zamboanga City but declined to bare details as the management is still in the planning stages.

Facebooktwitter

About mindanao goldstar daily

mindanao goldstar daily
TREND MAKER. Mindanao Gold Star Daily was established in 1989 to set ablaze a new meaning & flame to the local newspaper business. Throughout the years it continued its focus and interest in the rural areas & pioneered the growth of countryside journalism.

Check Also

Card SME Bank president among outstanding San Pableños

CARD SME Bank President and Chief Executive Officer Aristeo “Boyet” A. Dequito is named as ...

DISCLAIMER: We welcome fiery exchanges but we do not tolerate ad hominem attacks, casting criminal and false aspersion on our reporters and opinion writers. We reserve the right to delete, reproduce or modify comments posted on our website without prior notice.


POSTING RULES: Do not use obscenity. Stick to the topic discussed. Do not veer away from the discussion and be respectful at all times. Do not use CAPITAL LETTERS as this means shouting in the thread.