What will be the new Mall del Norte shopping center -on Francisco de Orellana avenue- in Guayaquil is taking shape and height. The piloting stage began a year ago and at the moment work is being done on the slab structure that will end on February 11 and the rest of the building on July 31, 2023.
The work has contracted 97% of the total investment cost and its inauguration date is projected for August 2023.
Mall del Norte rises on a 25,000 square meter lot and will have 75,000 square meters of construction. It will have 130 stores, 1,000 parking spaces, 10 movie theaters and a food court with 20 stores.
The piloting of the Mall del Norte is expected to end in February of this year; 65% of the commercial area is already reserved
95% of the commercial area is already reserved and has anchor stores such as: Megamaxi, Juguetón, Pycca, EtaFashion, Estuardo Sánchez, Fybeca, Marathon and Multicines.
The complex has an approximate investment of $50 million and if the own disbursements that the brands must make to adapt the premises are considered, that amount can reach $80 million, according to the estimates of those who manage this new shopping center under construction. .
“This type of project undoubtedly boosts the city’s economy, providing approximately 2,000 jobs during the construction stage and another 800 once it becomes operational,” they indicate.
Mall del Norte, which will demand more than $50 million, emerges in Guayaquil in the midst of a climate of business optimism
Mall del Norte is a new bet by the private company, led by Corporación Favorita, which occurs at a time when shopping centers are growing to accommodate more stores and new brands that have arrived in Ecuador in 2022 and have also established themselves. expanded.
For example, San Marino adapted its spaces to accommodate new international brand stores such as the Swedish H&M that arrived in the country in 2022; the American brands Michael Kors and Polo Ralph Lauren, in addition to the Food Hall that brings together in an expanded plaza located on the ground floor of the shopping center to eight restaurants with different styles of cuisine: Rosa Mezcal, Bonfy Burger, Gourmet Market, Pigro, Noe, El Español, Go Green and Chokolat.
While in Mall del Sol, also located in the north of Guayaquil, expansion works are being carried out to add 16 new stores and more spaces that will be ready in March and November 2023. This shopping center also received new international brands this year such as Old navy.
Why do shopping centers continue to grow? Well, in the blessing of the expansion work of Mall del Sol, carried out in September, the commercial manager of the shopping center, Sofía Naranjo, indicated that “stores, especially international large-format ones, need a safe, comfortable place that has parking lots, multiple entrances to get there”. Hence, they seek to be in shopping centers.
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In Guayaquil there are more than thirty shopping malls and malls. This concept of many stores under one roof began in this city more than four decades ago, in 1979 with the Policentro.
Growth occurs in other cities. In August, the inauguration of Riocentro de Quito, which has been in operation for three months, also allowed the expansion of international businesses and brands, more than 100 stores and islands started operating and Carter’s opened its first store there.
In September, the consortium between the El Condado SA shopping center and Corporación La Favorita announced the construction of what they consider to be the largest shopping center in Manabí. The works are scheduled for the second semester of 2023 to have it ready in two years. The work will be structured on part of the land of the former Reales Tamarindos de Portoviejo airport, it will have more than 40,000 square meters for the commercial area, some 15,000 square meters for the service area and corridors, and more than 60,000 square meters for the parking area. . The project represents an investment of approximately $100 million and during the two years it takes to execute this work, it is estimated that six thousand jobs will be generated directly and indirectly. (YO)
Source: Eluniverso
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