Decathlon to anchor new Ortigas East mall
Ortigas & Company has launched a shopping mall and office tower project called Ortigas East, to be located on its redeveloped Frontera Verde site.
The first stage of the P50 billion project, which will border Ortigas Avenue and Julia Vargas Avenue, is scheduled to be completed in 2025.
The mall will have a total leasable space of 104,000sqm and Ortigas & Company CEO Jaime Ysmael said the first anchor tenant, Decathlon, has already committed.
At a press conference announcing the project, Ysmael described the venture as “a natural extension to the Ortigas CBD base”.
“When the redevelopment is fully completed, about 46 per cent will be allocated for residential, with 54 per cent going to commercial, office space, and maybe even a hotel development,” Ysmael said.
The entire development, spanning 16ha, will be completed within 15 to 20 years. About 40 per cent of the site will be set aside for parks and roads, including a six-lane boulevard.
The first stage, costing P18 billion, started this year and will feature retail, residential and office components. The tower will feature 25 floors of offices for sale, a multi-story retail podium and more than eight floors of parking above and below ground.