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Manila Bulletin devider Business devider The Stock Market devider Alcantaras starting redevelopment of Davao's Aldevinco by end of October

Alcantaras starting redevelopment of Davao's Aldevinco by end of October

Published Oct 20, 2025 03:55 pm
Redevelopment of the former Aldevinco Shopping Center in Davao City will start at the end of October with the demolition of the buildings
Redevelopment of the former Aldevinco Shopping Center in Davao City will start at the end of October with the demolition of the buildings
Alcantara-led Alsons Development and Investment Corp. (Alsons Dev) is finally starting the redevelopment of the 60-year-old Aldevinco Shopping Center site, which used to be popular among tourists hunting for souvenirs and handicraft from Mindanao’s ethnic minorities.
In a statement, Alsons Dev said the redevelopment will start at the end of October 2025. Located at the corner of C.M. Recto and Roxas Avenues, the property has long been an iconic presence in downtown Davao.
“The redevelopment will usher in a new era for this historic landmark, paving the way for a modern, mixed-use destination that supports the city’s continued growth and revitalization while honoring its history and heritage,” the firm said.
Aldevinco Shopping Center, launched in 1965, was one of Davao City’s earliest commercial hubs. In over five decades, it transitioned from a vibrant marketplace for local traders to a cultural icon showcasing Mindanao’s rich heritage through textiles, antiques, and handicrafts.
Though it ceased operations in December 2021, its legacy continues through Poblacion Market Central, where many original tenants still carry forward the spirit of culture, creativity, and commerce.
The redeveloped property is envisioned to become a flagship mixed-use development that reflects Alsons Dev’s vision for vibrant, sustainable, and people-centric spaces.
The transformation will begin with the demolition of the buildings on the premises, a necessary step due to the structure’s age and safety considerations.
The work will be carried out in sections to minimize disruption and ensure the safety of pedestrians, workers, and nearby establishments.
The company is also working closely with the Office of the City Building Official (OCBO) and other relevant government agencies to ensure full compliance with local regulations.
While long-term plans are being finalized, Alsons Dev will temporarily use the 5,106-square-meter (sqm) site into a paid parking facility by the second quarter of 2026.
The interim space will feature designated areas for food trucks and carts, offering convenience and new opportunities for small businesses while keeping the property active and vibrant in the heart of the city.
As Aldevinco enters a new chapter, Alsons Dev reaffirms its dedication to thoughtful and sustainable development that contributes to the vitality of Davao’s urban landscape.
“Our vision is to build developments that balance heritage and progress, ensuring that every project we undertake supports the city’s growth. As a homegrown developer, we take pride in helping shape Davao’s evolving environment,” said Alsons Dev President and Chief Executive Officer (CEO) Miguel A. Dominguez.

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Alsons Development and Investment Corporation Aldevinco Shopping Center Miguel A. Dominguez
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