SM North Edsa Redevelopment P9 Billion Megaproject

Описание: SM North Edsa Redevelopment P9 Billion Megaproject

The SM North EDSA complex has undergone multiple phases of redevelopment and expansion over the years since its initial opening in 1985.
The most recent and future plans for SM North EDSA are part of SM Prime Holding's broader investment for major redevelopments and new mall construction:
Upcoming Major Redevelopment: SM Supermalls President Steven Tan has mentioned a significant upgrade for SM North EDSA is planned to begin toward the end of the decade (late 2020s/early 2030s).
Investment: Approximately ₱9 billion is earmarked for this upgrade, similar to the investment for SM Megamall's transformation.
Features: The redevelopments across SM's largest malls, including North EDSA, are expected to feature:
Open-air promenades
Lifestyle zones
Green design elements and sustainability initiatives.
Timing: The timing is being carefully managed to minimize the impact on the mall's financial performance.

Past and Recent Key Redevelopments
SM North EDSA has a history of continuous expansion that has transformed it into one of the largest malls in the world. Key phases include:
The Block (Opened July 2006): A major expansion that added substantial new retail areas and amenities.
The Annex (Opened December 2008): A new building constructed on the site of the original Annex 2, featuring high-end retail, restaurants, and a Cyberzone.
Sky Garden (Opened May 2009): A significant outdoor feature that includes an elevated, curvilinear park with manicured lawns, ponds, a canopied walkway, new retail outlets, and the Sky Dome performance area.
The Car Park Plaza Conversion (2009 onwards): The ground level was converted into a Cyberzone, and the building was generally turned into a lifestyle center.
Northlink and North Towers: Further structures interconnected by footbridges, adding office and commercial spaces, and more retail.
In summary, while SM North EDSA has seen continuous development over the decades, a major, ₱9-billion upgrade is specifically planned to begin towards the end of the 2020s as part of a portfolio-wide modernization initiative.