Megaworld to open 2 malls worth P4B

MANILA, Philippines – Metro Manila seems to can’t have enough of malls – 153 as of last count. And Megaworld is adding two more. (READ: Eat, pray, shop: Philippine malls become the new town plazas)

The property firm announced on Tuesday, August 18, that it is opening two new malls in north Fort Bonifacio, Taguig City, by the last quarter of 2015.

Uptown Place is a 5-level upscale mall covering 85,000 square meter of retail and
commercial spaces located at its township development, Uptown Bonifacio along 9th and 11th Avenues, 36th and 11th Drives.

Set to open before the end of 2015, Uptown Place will have its own food hall, featuring 11 new food concepts offering international cuisines; state-of-the-art cinemas, including Megaworld’s Signature Ultra Cinemas, a rooftop sky plaza overlooking Uptown Bonifacio skyline; a lifestyle tower; chapel; and Las Vegas-style water feature at the mall’s ground level and al fresco dining areas.

“From the retail mix to the mall facilities and amenities, Uptown Place is envisioned to be a major shopping, dining, and leisure destination in Fort Bonifacio,” said Kevin L. Tan, first vice president and head of commercial, Megaworld.

Anchor tenants include Rustan’s Supermarket, Robinsons Appliances, Toys R Us, True Value, National Bookstore, Hamley’s, among others.

Dining mall

Beside Uptown Place will rise a “dining mall” called Uptown Parade, a 25,000-sqm strip, set to become Manila’s newest dining hub with an eclectic mix of specialty restaurants serving international cuisines.

Also opening before yearend, Uptown Parade will include new dining concepts and foreign brands that are coming to the Philippines for the first time. It will also feature al fresco dining and tree-lined walkways.

Its anchor tenant is The Palace Superclub, dubbed as the biggest night club in Asia.
The night club has over 8,000 sq m of party space that can accommodate around 10,000
people.

The Palace Superclub now houses the Valkyrie Nightclub and The Palace Pool Club, the country’s first day club and pool club complete with cabanas, daybeds, pools, and music from
both local and international DJs.

“We will bring together some of the world’s most interesting restaurant and dining brands as well as the country’s best party makers in one destination,” Tan said.

Megaworld has spent P4 billion ($86.38 million) to build both Uptown Place and Uptown Parade. In 2012, Megaworld has allocated P65-billion ($1.40 billion) to build Uptown Bonifacio for a period of 10-20 years. – Rappler.com

$1 = P46.28