COURTESY: SM Prime Holdings, Inc. Hey there, mall enthusiasts and shopaholics! Buckle up because I've got some thrilling news from the world of retail therapy. Pasay City, Philippines – SM Prime Holdings, Inc. (SM Prime) is all set to make waves with the grand opening of SM City J Mall in Mandaue City, Cebu, this coming October 25, Friday. This isn't just any mall opening; it's a significant addition to the vibrant landscape of Metro Cebu, marking SM Prime’s fourth mall in the area, eighth in the Visayas region, and the colossal 87th in the Philippines. So, what's all the fuss about? Let's dive in!
To kick things off, SM Prime President Jeffrey C. Lim couldn't contain his excitement about this new venture. He noted, "The opening of SM City J Mall reflects our confidence in the robust economic growth of Central Visayas." And why wouldn't he be excited? Mandaue City, a first-class highly urbanized city, is the industrial heart of Central Visayas, hosting around 10,000 industrial and commercial locators. This bustling hub is not just a city; it's a powerhouse of economic activity and cultural vibrancy.
But wait, there's more! The Philippine Statistics Authority reported that Central Visayas boasted the highest economic growth rate among the country’s 17 regions in 2023, expanding by a whopping 7.3 percent. With such growth, the demand for premium commercial and lifestyle experiences is skyrocketing, and SM City J Mall is here to cater to just that.
Situated along the vibrant A.S. Fortuna Street in Barangay Bakilid, SM City J Mall is poised to be the go-to destination for both locals and tourists. This prime location maximizes accessibility and visibility, ensuring that whether you're a local resident or a visitor, you're never too far from a delightful shopping spree.
The mall itself is a marvel, boasting over 100,000 square meters of gross floor area (GFA) spread across four levels. It's not just a place to shop; it's a haven for retail, dining, and entertainment options. From trendy fashion outlets to delectable dining spots, there's something for everyone. And with the mall's strategic positioning, you're guaranteed a seamless blend of convenience and excitement.
Reflecting strong tenant demand, SM City J Mall has already pre-leased approximately 80% of its gross leasable area. Talk about making a grand entrance! The anchor tenants read like a who's who of retail excellence: The SM Store, SM Hypermarket, SM Appliance Center, Watsons, Uniqlo, Levi’s, Miniso, Pet Express, Sports Central, Ace Hardware, BDO, and Chinabank. Whether you're hunting for the latest fashion trends or stocking up on essentials, you're covered.
But that's not all. To enhance customer experience and drive foot traffic, SM City J Mall will feature two Director’s Club cinemas, offering movie buffs a chance to enjoy films in style. And for those with a penchant for culinary adventures, the curated Food Hall promises a diverse range of delectable delights that will leave your taste buds tingling.
SM City J Mall is not just about shopping; it's about creating a comprehensive lifestyle experience. The mall is designed to provide ample parking for a thousand vehicles, ensuring that your visit is as hassle-free as possible. Plus, unique lifestyle services are set to redefine your mall experience, making it a destination in its own right.
"Our expansion into thriving regional hubs like Mandaue City is integral to our strategy of driving economic progress across the Philippines and delivering sustainable value to our stakeholders," added Lim. This isn't just about opening a mall; it's about contributing to the economic tapestry of the region, fostering growth, and bringing communities together.
In conclusion, the opening of SM City J Mall is not just a milestone for SM Prime Holdings, but a testament to the thriving economic landscape of Central Visayas. So, mark your calendars for October 25 and get ready to explore this new gem in Cebu's crown. Happy shopping!
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