SM City Cebu

SM City Cebu

SM City Cebu logo

Mall logo
Location Cebu City
Coordinates 10°18′40″N 123°55′5″E / 10.31111°N 123.91806°E / 10.31111; 123.91806Coordinates: 10°18′40″N 123°55′5″E / 10.31111°N 123.91806°E / 10.31111; 123.91806
Address Juan Luna Avenue cor. Cabahug and Kaoshiung Streets, North Reclamation Area, Cebu Port Center, Cebu City
Opening date
  • The Southwing:
    November 27, 1993
  • The Northwing:
    November 30, 2007
Developer SM Prime Holdings
Owner SM Prime Holdings
No. of stores and services 500+ (food and retail)[1]
No. of anchor tenants 19 (as of November 2011)
Total retail floor area 273,804 m2 (2,947,200 sq ft)
No. of floors 7
Parking 3,000
Website SM City Cebu Official Website

SM City Cebu, also known locally as SM Cebu, is a large shopping mall located in Cebu City, Philippines. It is the 4th shopping mall owned and developed by SM Prime Holdings, the country's largest shopping mall owner and developer. It is the company's first shopping mall outside of Metro Manila and the 4th largest shopping mall in the Philippines.[2][3] It has a land area of 11.8 hectares and a gross floor area of 268,611 m2 (2,891,300 sq ft), becoming part of the world's 15 largest shopping malls and making it the 11th largest shopping mall in the world in 2009. But it is now the 27th largest shopping mall in the world as of June 2015.[4][5]

On an average day, more than 100,000 people visit SM City Cebu, with the figure increasing to 140,000 to 150,000 on weekends.[6] Due to Cebu City's position as a transshipment point for the Visayas and Mindanao, and SM City Cebu's location close to the city's port area, the mall attracts a significant number of transient shoppers.[6]

History

The mall first opened in November 1993, and was seen as catering to the low and middle class of shoppers, in contrast to its upmarket competitor, Ayala Center Cebu which opened a few months later.[6] An expansion wing that particularly targeted upper class customers was added in 2007. As of 2009, the mall has undergone major renovations. Expansion plans with a hotel and convention center are being developed. More shops are being proposed in 2012.

Design

SM City Cebu is a seven-level complex namely lower ground floor, upper ground floor, second floor, third floor, fourth floor, fifth floor, and roof deck featuring eight cinemas with a total seating capacity of 8,848, a food court, a fully computerized bowling center, 8,000-square meter amusement center, and a 2,000-square meter trade hall. Prior to the addition of the Northwing, it had a car park capacity of 1,629.[7]

The Northwing expansion, opened in 2007, features two floors of retail stores, restaurants, and cafes. It houses more than 200 tenants and caters to a more upscale clientele.[5] The expansion also added three levels of covered parking, and a one level of roof deck parking.[5]

Development

SM City Cebu, opened on November 27, 1993 with an area of 161,562 m2 (1,739,040 sq ft).[4] To initially attract shoppers, Manila-based movie and television stars and entertainers performed free concerts at the mall. Free jeepney rides to the mall were offered to fulfill the lack of available public transportation.[6]

Northwing

Construction on SM City Cebu's expansion building, dubbed the Northwing, began in March 2006.[8] The expansion, which was developed at a cost of P1.3 billion (US$30.5 million), was built on the parking lot to the north of the existing building, temporarily decreasing the number of parking spaces by more than 30%.[8][9] The Northwing was started in April 2007, and opened in November 30, 2007.[9] It increased the total gross floor area of SM City Cebu by 107,049 m2 (1,152,270 sq ft), for a total of 268,611 m2 (2,891,300 sq ft).[3]

IMAX

In early 2008, SM Prime Holdings signed a deal with IMAX Corporation for the opening of additional IMAX theaters, following the success of the country's first IMAX theater at SM Mall of Asia.[10] The IMAX theater planned for SM City Cebu will replace cinema 4 screens. It will feature clearer picture quality due to its use of a digital projector rather than a film projector.[10] A budget of P100-million ($2.4 million) was allotted for the renovation and was opened to the public last July 9, 2010 with James Cameron's Avatar in 3D.

Future Expansion

In May 2015, Henry Sy, announced that the mall will be expanded with a mega carpark and an extension from the Northwing. The details will be revealed upon the opening of its new mega shopping mall SM Seaside City Cebu in November 2015.

See also

References

  1. ↑ Cebu businesses join Earth Hour, Philippine Daily Inquirer, March 30, 2008
  2. ↑ SM Investments, retrieved April 13, 2008
  3. 1 2 SM Prime nets P1.5 B in Q1, up 11%, Manila Bulletin, May 9, 2007
  4. 1 2 SM Prime Holdings - SM City Cebu, retrieved April 13, 2008
  5. 1 2 3 SM Prime Holdings 2007 Annual Report
  6. 1 2 3 4 Cebuanos develop shopping, leisure habits, Philippine Daily Inquirer, May 21, 2004
  7. ↑ SM sets P7B for new malls, upgrades others, BusinessWorld, October 9, 2006
  8. 1 2 SM City Cebu to build 5-story annex by March, Sun.Star Cebu, February 21, 2006
  9. 1 2 SM opens P1.3B wing, Sun.Star Cebu, December 1, 2007
  10. 1 2 SM inks deal to open IMAX cinemas in North Edsa, Cebu, BusinessWorld, January 24, 2008

External links

Wikimedia Commons has media related to SM City Cebu.
Preceded by
SM Megamall		 4th SM Supermall
1993 		Succeeded by
SM Southmall
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