Parkmall soft opens on May 30, 2008

Parkmall soft opens with F&B tenants, Savemore outlet
The Freeman
Tuesday, June 3, 2008

Parkmall, Cebu’s newest park and shop mall development, recently soft opened with the operation of its first food and beverage tenants and the opening of its Savemore outlet.

James Co, Parkmall's Managing Director said that aside from their newly opened Savemore outlet which occupied almost two-thirds of Parkmall's ground floor, other locators such as Iloilo food chain Mang Inasal, Manila Foodshoppe, Coco Saloon, Manila-based Pier 1 and two banks, Banco de Oro (BDO) and Metrobank, will soon be opening in the area.

Co also announced that they have completed the construction of their second floor, which has been eyed by a call center operator, as well as the floor designated for electronic products and complete IT equipments.

He projected that before August at around early or mid July the mall would already be ready for occupancy.

Its al fresco area is now ready for occupancy while the area for start up ventures will be ready on the first week of August.

Co stressed that they are expecting to accommodate fine cuisine restaurants, offices and a tourists center in their first few months of operations. He added that their area allocated for start up ventures will be ready by the first week of August.

"We have not yet fully advertised the concept because we first want to give our tenants the physical attributes or the building first before we sell out the spaces," he said.

At the moment, Parkmall's administration is planning to coordinate with the local government unit of Mandaue City to open jeepney routes along the Mandaue Reclamation area to provide customers ease and convenience in their shopping.

Co noted that the city of Mandaue is interested on opening new jeepney routes and their proposal to allocate a new terminal hub that will decongest the North Bus Terminal nearby.

The proposed terminal measures about 5,000 square meters and will accommodate different motor vehicles such as V-hires, mini buses, jeepneys, and taxis. It will be located at the back of the mall and right now Co said that several v-hire and jeepney groups have been proposing interests to operate in the area.

Very much near its completion stage, Co revealed that their company have already shelled out more than P500 million investments for the initial phase of their development.

"Profitability is just our second priority at the moment we want to do everything for our customers and tenants first," Co said. —Rhia de Pablo