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Ayala Center Cebú Redevelopment [com|app]

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#1 ·
Ayala phase 2 expansion to kick off next year
The Freeman
Friday, December 28, 2007

After the completion of the lagoon development of Ayala Center Cebu, which is expected by March or April, Cebu Holdings Inc. (CHI) will kick off another expansion plan of the shopping mall area pursuing the original plan of developing the Cebu Business Park’s (CBP) 9.6 hectare super block.


In an interview with CHI president and chief executive officer (CEO) Francis O. Monera, he said that the Phase 2-B project .will be pursued by the company next year, starting with a study on how to develop a concept for another shopping mall expansion

CHI is going to finish its P850 million expansion project of Ayala Center including the completion of the Ayala Center expansion building, and the transformation of its lagoon area to a chic Food and Beverage (F&B) strip.

According to Monera, details of the upcoming expansion will be determined after the design study will be finished.

This means that after the face lift of Ayala Center Cebu with the opening of its new expansion building in the middle of this year, and the unveiling of re-designed al fresco lagoon area, a more expanded shopping mall will be seen by Cebuanos in the next few years.

The Ayala Center Cebu, which is the crown jewel of the 50-hectare Cebu Business Park (CBP), has occupied only 3.5 hectares of the CBP super block, excluding the lagoon redevelopment.

With this, CHI still has ample of remaining lots to be development in the super block area to maximize the entire 9.6 hectares.

“The whole super-block is under review and is subject to design study. The study will start next year,” Monera said.

The P600 million lagoon redevelopment project will have a total leasable area of 8,6000 square meters, about 70 percent of these leaseable areas are already reserved by new tenants, Monera said.

In 2006, Ayala Center Cebu contributed a total revenue of P398 million to CHI. While Ayala Food and Entertainment Center (AFEC), together with its theater operations under the company’s wholly-owned subsidiary, Cebu Leisure Company, Inc. (CLCI) reported a P100 million contribution to CHI’s total revenue in 2006.

The year 2006 was the most celebrated year for CHI, as it raked a one billion peso mark in revenue, with 76 percent increase of its income, a 10-year high in the company’s book history. – Ehda M. Dagooc
 
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#67 ·
@ivanc: Yes they will reconfigure the exteriors of the existing mall, hopefully. :)
@diehardbisdak: No, the lagoon redevelopment is actually Phase 1B of the expansion (Phase 1A being the Rustan's building). Phases 2 and 3 will come after. :)

Galing neto.... Diba ayala is known for their fast Construction? when ito expected matapos? kasi when i went there (12/07)nareroute na ang traffic sa area.
 
#70 ·
sinj, naa kay timeline with regards aning "redevelopment" of the existing mall? kung unsa ni siya nga phase? thanks
They're also doing the redevelopment by phases. :lol: They're reconfiguring the activity center now and they're also changing the old ceiling lamps. I don't know what's next and when it will be done. :)
 
#71 ·
^^ this is the original plan



pic by @jarenz
And I think this plan will still be followed (or if not then some modifications might be done) since CHI stated in their recent press releases that they will be fully utilizing the 10 hectares alloted for ACC in the medium term. :)
 
#74 ·
Based from what i heard from CHI... Ayala Condominium Project will be implemented...
i don't know in what phase of their in lined projects

Your right sinj. there will be modification...
 
#79 ·
i must admit that I rarely go to ACC than SM, but when this leisure oasis is open, this will be my daughter's playground hehehe... (not to mention Parkmall also).
 
#80 ·
^^ this is the original plan
pic by @jarenz
the last time my friend and I talked (last year pa man to oi), he mentioned that there is indeed plan to implement this. although he mentioned that it's not going to be the same as in the scale model (to w/c the towers are of the same height), but both towers will still be hi-rises. one will be an office condominium, while the other will be a condotel if I remember it right.
 
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