Malls Thread

[dr. d]

so what happens after 2021? balik sa Manila government? So bakit pa nila babayaran ang mga Martels?

my guess is, "rights only".

[_Qwerty_]

baka may extension clause yung lease..

my guess is, "rights only".

[Monseratto]

baka may extension clause yung lease..

Old article from last year.

SM Prime Holdings is finalizing a deal to purchase the Martel family from its contract with the City of Manila to take control and improve the Harrison Plaza complex.

SM Prime chair Henry Sy Jr. said in an interview that the group was finalizing the deal with the Martels after which “SM Prime would be free to enter into a long-term joint development agreement with the Manila government.”

The Martels, according to Sy were willing to be bought out of their contract since this group had only a few years remaining to own the complex.

According to Sy, depending on the interpretation of technicalities, the Martels’ contract will expire by 2020 or 2022.

“Once we finish (discussions) with the Martels, we will start with it right away. Right now, demand for (residential condominium) units is so much so I have to keep on replenishing land because we’re running out of land,” Sy said.

Sy said there was strong demand from the domestic market, coupled with demand from Chinese bulk buyers.

Buyers from mainland China accounted for 30 percent of SM Development Corp.’s residential reservation sales in the first quarter.

SM Prime Holdings to take over Harrison Plaza Complex | The Economists Journal

[heavenlee]

SM / SMDC will turn the property into another concrete monstrosity to sell for a hefty profit to the mainland Chinese.

[kagalingan]

ah so sakop pa pala malate yan.

Nasanay ako tingin ko jan pasay.

[heavenlee]

"Depending on the interpretation of technicalities, the Martels’ contract will expire by 2020 or 2022, Sy said.

“Once we finish (discussions) with the Martels, we will start with it right away. Right now, demand for (residential condominium) units is so much so I have to keep on replenishing land because we’re running out of land,” Sy said."

Read more: SM Prime poised to take over Harrison Plaza | Inquirer Business
Follow us: *inquirerdotnet on Twitter | inquirerdotnet on Facebook

[_Cathy_]

SM / SMDC will turn the property into another concrete monstrosity to sell for a hefty profit to the mainland Chinese.

Exactly!!!

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[heavenlee]

I wonder how much in commission money the outgoing mayor of Manila is gonna get out of this fast-tracked deal? Fast-tracked before the new Mayor sits?

[CVT]

I wonder how much in commission money the outgoing mayor of Manila is gonna get out of this fast-tracked deal? Fast-tracked before the new Mayor sits?

Torre de Manila,- sounds familiar?...

[dr. d]

I wonder how much in commission money the outgoing mayor of Manila is gonna get out of this fast-tracked deal? Fast-tracked before the new Mayor sits?

why should he get anything?
he won't be in city hall by the time re-negotiations start.

[_Qwerty_]

he already got his cut.. ni fast track na yung negotiations..

nagrereklamo nga si Isko.. kaso wala na too late na for him..

why should he get anything?
he won't be in city hall by the time re-negotiations start.

[remzam]

yes...plenty of memories since elementary, i used to commute from sucat to buy gi-joes, in high school it was bootleg tapes of twisted red cross, wuds, phil violators at khumbela..nung college, dun nag da date pag walang pera...kakain sa foodcourt ng rustans..

Sikat na si Pedro! At nakalimutan ang Diyos! [emoji444][emoji445][emoji441][emoji450]

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[remzam]

Whatever happened to the plan before of selling the Rizal Memorial Complex? Heard it was supposed to be demolished and turned into another mall? But a lot of people protested on this plan.

Is closing of Harrison Plaza an aftermath of this?

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[_Qwerty_]

the plan was to move yang Rizal memorial sa clark.. na shelve yata..

I heard Mikee Romero (1pacman) on the radio yesterday saying na itutuloy pa din nila yan sa congress.. first step yata is to establish a Department of Sports..

Whatever happened to the plan before of selling the Rizal Memorial Complex? Heard it was supposed to be demolished and turned into another mall? But a lot of people protested on this plan.

Is closing of Harrison Plaza an aftermath of this?

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[remzam]

the plan was to move yang Rizal memorial sa clark.. na shelve yata..

I heard Mikee Romero (1pacman) on the radio yesterday saying na itutuloy pa din nila yan sa congress.. first step yata is to establish a Department of Sports..

Thanks for this info. Wala na kasi tayong DECS (for those old enough to still remember this)

May PSC pero puro pulitika. However, what makes the proposed Department of Sports kaya different from PSC.

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[MR_BIG18]

the plan was to move yang Rizal memorial sa clark.. na shelve yata..

I heard Mikee Romero (1pacman) on the radio yesterday saying na itutuloy pa din nila yan sa congress.. first step yata is to establish a Department of Sports..

a cockfighting cockpit has better facilities than rizal, i frequent there, no aircon, no ventilation whatsoever

Taekwondo nationals....rizal memorial - YouTube

[istan]

Dapat irenovate na yan. Grabe 2019 na!

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[dr. d]

Whatever happened to the plan before of selling the Rizal Memorial Complex? Heard it was supposed to be demolished and turned into another mall? But a lot of people protested on this plan.

from what i vaguely recall,
the property was donated to the government by a private entity, specifically for a sports facility.
and my guess is, should the sports facillity disappear, ownership of the real estate would revert back to the donors.

it's the same Qulatilla that covers other deeds of donation to the government, currently being used for what they were donated and intended for.

others naman, were created thru acts of congress. and only congress can rescind them.

but i could be wrong. advancing age and all that.
if someone out there knows, feel free to chime in.

[12vdc]

Dapat gawin extension nalang ng Manila Zoo yan, para makinabang naman mga Manilenyo hindi yung mga chekwa.

[MR_BIG18]

Dapat gawin extension nalang ng Manila Zoo yan, para makinabang naman mga Manilenyo hindi yung mga chekwa.

ill make it into a multilevel parking space, it will decongest vito cruz and the surrounding areas like lasalle and rizal