By James A. Loyola
Ortigas & Company, now controlled by the SM and Ayala groups, is ramping up the first phase of its P60-billion Greenhills redevelopment with the construction of a P6.3-billion new mall.
The firm recently broke ground for the new integrated regional mall which will feature a retail format that brings together popular global and local brands with Greenhills’ trademark tiangges.
“This retail project is a showcase of what the public can expect from the new Greenhills. We are taking the shops and concepts we have now and bringing those to a whole new level that both customers and tenants will enjoy,” said Ortigas & Company President and CEO Jaime Ysmael.
The new mall will house over 150 global lifestyle brands and about 2,000 tiangge stalls. It will rise up to seven floors with a gross floor area of over 100,000 square meters and three basement levels for parking providing 1,300 slots.
“We are building on the format that we have now, and making it more attuned to the current trends of global and local retail,” Ortigas & Company Vice President and Ortigas Malls General Manager Arch. Renee Bacani said.
Bacani added that, “the public can expect a new and enhanced overall lifestyle experience in Greenhills with this retail anchor that will feature the biggest names in global and local food and shopping.”
While the company revitalizes Greenhills with the new mall, Bacani said Ortigas & Company will continue to support local entrepreneurs who need a platform to grow their business.
“We have always supported Filipino entrepreneurial talent and we will continue to be a retail incubator for these up and coming businesses,” Bacani stressed.
Food will be another anchor, as Greenhills’ new mall is set to open with more restaurants, novel food concepts, a budget-friendly food court, and an upscale food hall. It will also have four prestige and two regular cinemas to complement the existing ones in Promenade.