Business: The SM Store, Soon-to-Open Premiere Shopping Destination in Downtown Bacolod
SM Prime Holdings, Inc., the country’s largest mall operator, is in the completion stage of Phase 1 of SM City Bacolod’s expansion. The constructionthat started in early 2012 will soon allow the public a glimpse of its magnificent three-storey building and transport hub.
Look forward to The SM Store
"April 2013 will be an exciting month for downtown Bacolod, with the opening of THE SM STORE," said May Castro, public relations manager of SM City Bacolod. "This new department store brings to completion our mall expansion’s first phase, covering approximately 27,000 square meters of gross floor space, which is the three storey building," she added.
What can be expected of SM’s new development in the City of Smiles? For one, THE SM STORE’s offerings will make the buying experience new and exciting for the Bacolod shopper. The variety of products and brands to shop for will be wider and specially selected for the tasteful and trendy of all ages. In addition to fulfilling the fashion-conscious crowd’s fancies, the store’s sophisticated interiors will be a delightful sight too, dedicated to the discerning tastes of the Bacolod market.
A world class department store, housed in SM’s newest building. THE SM STORE boasts of its exterior design as well: an updated and appealing appearance, reflective of SM’s innovative approach to retail. "Our trademark in this side of town will be bold and vibrant colors that we want to be memorable to our patrons," said Castro.
Also included in the Phase I expansion is a new covered transport hub, designed to give better access to the new building and the mall itself. The surrounding community of local restaurants will benefit from the new access points, too.
Phase II: a mall almost double in size
"Of course, our development doesn’t end here," the public relations manager further reveals. "Once the Department Store vacates its existing premises in the north wing of the mall, we will immediately take off with Phase II of our construction plans. This time, the north wing itself will be expanded, giving way to a bigger and better SM City Bacolod by 2014." SM Prime Holdings, Inc. is bullish in its expansion in the city; the 102,043 square meters of gross floor area – including that of the new department store – will add to the original mall’s GFA of 71,759 sqm, increasing total floor area to 171,380 sqm. The result of this P1.4 billion two-phase expansion project: a premier mall almost double its original size.
Still accepting and screening mall tenant applicants
The bigger mall intends to bring in a mix of international, national and local names added to its current tenant mix. These are among the exciting developments that the citizens of Bacolod and nearby areas can look forward to. SM City Bacolod is already processing concept applications in time for the 2014 opening of the expanded mall but prospective tenants that can bring in variety are still being accepted.
"Businesses looking for a location in a premiere mall with world class amenities are definitely encouraged to contact our leasing department, through our leasing manager, Ms. Leny Eria (firstname.lastname@example.org) to see how they can maximize their investment opportunities," said May Castro.*