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McDonald owner plans Ortigas Tri-Mall

Ortigas — Sun, 23 Apr 2006 17:16:42 +0000

MC Mall Inc., a company owned by George Yang who owns the Philippine franchise of McDonald’s, will develop a commercial complex in a 4.5-hectare property in the Ortigas financial district for P1 billion.

The project, dubbed Silver City, will be a tri-mall niche-retail commercial development concept with auto, fusion-tech and wellness malls.

Auto mall is a glass convention-type architecture, which will have 80 to 100 brand new cars on display. It will be the first to house a huge number of car manufacturers, automotive dealers, car accessories and parts dealers, other organizations involved in the automotive industry such as banks and finance services, insurance companies, sports lifestyle boutique, motorbikes and jet ski products and event center.

The lease on the auto mall would be done on a per slot basis, each costing an estimated P90,000 each month. A one-slot car display area will cover around 30 sqm.

Fusion-tech mall, meanwhile, will house a 10,000-sqm call center, surrounded by technology-oriented retail locators such as telecommunication hubs, IT and computer products, consumer electronics and appliances.

The popular Belo Medical Group has signified an interest to locate within the wellness mall.

The fusion-tech mall is slated for opening by the end of the year, while the wellness mall is expected to be completed next year.

The other major shareholder of MC Mall is businessman Jose Chung, majority owner of MC Home Depot, operator of a construction and homebuilding store chain.

Yang is also involved in other property projects. He is one of the major shareholders of Megaworld Corp.

He has taken over the Fairways and Bluewater Resort and Golf Country Club in Boracay of the Fil-Estate Group. He also has a stake in a joint venture project within the Fort Bonifacio Global City in Taguig.

Ortigas Center office location is the least expensive in the world

Ortigas — Mon, 30 Jan 2006 11:24:51 +0000

A survey of a global property adviser DTZ found that office space located in the Ortigas Center business district is the least expensive in the world. The survey puts Ortigas at about US$710 per workstation per year while the most expensive which is London’s West End stands at US$18,740 per workstation per year. Read more about it.

Flea market wars

Ortigas — Sat, 05 Nov 2005 22:23:01 +0000

Saint Francis Square, an air-conditioned mall, open its doors to shoppers last October 21. 150 jewelry (pearl, gold, silver and fashion accessories) stallholders and 320 RTW merchants, mostly from Greenhills, have leased all spaces in their respective sections in the new 2,000-stall flea market.

Saint Francis Square lower the 2,000-stall market rent (P25,000 a month for a four-square-meter stall versus P30,000 in Greenhills) would translate to much cheaper retail prices. Shopping Galore and exciting promotional gimik will suprise us.

In addition to free cell phone vouchers it would release to the sky through balloons, Saint Francis Square is also unveiling this Friday what arguably is the world’s biggest lighted billboard, a 96-meter by 27-meter structure mounted from the 23rd to the 52nd floor of adjoining St. Francis Square Twin Towers condo — very visible from beside Megamall on the EDSA highway.

If these marketing tactics bring the desired effects, then St. Francis Square’s developer, Luke Roxas of ASB Realty, would be restored to his pre-1997 fighting form. But that is another story.

Source: Inquirer News Service