(Source: Inside Retail Philippines | June 9, 2017)
Megaworld Corp is set to start the development of a PHP30 billion (US$607 million) integrated mixed-use project in San Fernando, Pampanga.
Dubbed Capital Town, the project will transform the site of the historic Pampanga Sugar Development Co into a modern CBD for Northern Luzon, says Megaworld first VP for sales and marketing Eugene Lozano.
As well as a mall and retail hubs, the project will include homes, a school, an amphitheater and event venues, a hotel, museum and shophouse district. Shop owners will have the chance to live above their outlets.
“The township concept will truly bring out the best of Kapampangan culture, tradition and history. In 10 years, Pampanga will see a CBD that is not only a showcase of homegrown businesses and entrepreneurs, but also a center for local arts and culture,” says Lozano.