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Megaworld Spending P1.5B for Mall

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PROPERTY developer Megaworld Corp. on Thursday said it is spending some P1.5 billion to build a two-level mall along the beachside cliff of its 30-hectare Mactan Newtown development in Lapu-Lapu City, Cebu.

The company said it will complete the Mactan Newtown Beach Walk in 2021.

With a total gross floor area of 30,000 square meters, the mall will be highlighted by a 1.4-hectare man-made lagoon at the center, which will have floating boardwalks and a bridge connecting both sides of the mall. With a maximum depth of around 1.5 meters, it can also serve as venue for future water sports activities, such as jet ski, wakeboarding, stand-up paddling and boating. It will also have its own man-made shoreline at its perimeter.

The beach walk, designed for and to be operated under the Megaworld Lifestyle Malls brand, will also have its own chapel that will be surrounded by a garden by the cliffside, overlooking the sea.

“Megaworld Lifestyle Malls is bringing a fresh, new concept of mall development in Cebu that recreates and innovates the beach lifestyle experience. We take inspiration from some iconic coastline commercial developments in South California, where visitors can enjoy coffee, meet friends over lunch or dinner, watch a movie, or simply shop around in this laid-back beach atmosphere,” said Kevin Andrew L. Tan, the company’s executive vice president.

The mall complex will also have its three-storey boutique hotel, offering 48 guestrooms with retail shops at its ground level. This will be operated under the Megaworld Hotels brand.

Megaworld will use solar roof panels for this new mall, and will utilize an open layout scheme for passive cooling and natural lighting in most of the development’s common areas.

Around 40 percent of the entire development will be dedicated to green and open spaces, it said.

“We will even have some untouched areas for bike trails, airsoft shooting, and tree-top activities. This part of the Mactan Newtown is abundantly surrounded with trees, and we want to keep them,” Tan said.

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