ANOTHER phase of the Ayala Center Cebu will begin construction by the first quarter of the year, an official of Cebu Holdings Inc. has confirmed.
CHI President Francis Monera said they are finishing the new passenger terminal, which is facing the Archbishop Reyes Ave., and will start the construction of the mall’s phase 2B. The existing terminal is beside the south surface parking lot of the mall, which will also be where phase 2B will be located.
He said that once the new terminal is finished and being used, construction will begin for phase 2B.
Monera said this phase will have “the best Ayala Mall can offer” and will feature stores of luxury brands. He did not name what brands are expected to open, saying the commitment from these stores will come once their final plans are presented.
He said, however, that the design for this phase has provisions for the expansion of Rustan’s and for an IT zone.
The construction of the phase is estimated at P2.8 billion and will take up a leasable area of 36,000 square meters. This area, he said, is about 1/3 of the existing mall, which is 96,000 square meters.
The expansion will make the mall conform to its original master plan.
Although The Terraces was not part of the original plan, Monera said the design for phase 2B allows it to be “seamlessly connected” to the mall.
He assured that there is a big improvement in terms of design and circulation.
It is expected to be completed in 2013.
Published in the Sun.Star Cebu newspaper on January 11, 2011.
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