By: Business World
Araneta City (ACI, Inc.) is setting the opening of its New Gateway Mall in Quezon City by the fourth quarter after it recently topped off the eight-story building.
In a ceremony at the project’s site in Cubao, ACI said it is around 60% done with the P3-billion project, which will extend the existing Gateway Mall along General Roxas Avenue.
“We should be ready to turn over the spaces for the tenants to do their own construction probably late July or early August. But the supermarket, our target is to turn it over by end-May,” ACI Management Consultant Rowell L. Recinto said.
Together with the old mall, the New Gateway Mall will form the 190,000-square meter mixed-use complex with spaces for more than 400 shops, more than 100 restaurants and 18 cinemas. It will also have a supermarket taking up 3,700 square meters of the mall’s floor area.
Aside from commercial spaces, the mall will also have a 500-seater, air-conditioned chapel and a 700-square meter atrium for events. It is located directly beside the Smart-Araneta Coliseum — a common venue for sporting events and concerts — which Mr. Recinto said makes it a prime spot to cater to late night guests.
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