Megaworld allots P1.5 billion for Cebu beach mall

MANILA, Philippines — Megaworld Corp. is pouring in P1.5 billion to build a two-level beach mall within its 30-hectare township in Cebu.

Kevin Tan, chief strategy officer at Megaworld, said the company is bringing its signature mall brand to Cebu.

“Megaworld Lifestyle Malls is bringing a fresh, new concept of mall development in Cebu that recreates and innovates the beach lifestyle experience. We take inspiration from some iconic coastline commercial developments in South California, where visitors can enjoy coffee, meet friends over lunch or dinner, watch a movie, or simply shop around in this laid-back beach atmosphere,” Tan said.

The mall will rise along the beachside cliff of Megaworld’s Mactan Newtown development in Lapu-Lapu City.

Mactan Newtown Beach Walk is expected to be completed in 2021.

It will have a gross floor area of 30,000 square meters and will have a 1.4-hectare man-made lagoon at the center.

With a maximum depth of around 1.5-meters, the lagoon at the center can also serve as venue for future water sports activities such as jet ski, wakeboarding, stand-up paddling and boating. It will also have its own man-made shoreline at its perimeter.

The mall will also have its own chapel, four state-of-the-art cinemas, a food hall, al fresco areas, a traveler’s lounge and a view deck.

Aside from the mall complex itself, Megaworld will also include a three-story boutique hotel, which will offer 48 guestrooms with retail shops at its ground level.

The hotel component will be operated under the Megaworld Hotels brand.

Around 40 percent of the entire development will be dedicated to green and open spaces.

“We will even have some untouched areas for bike trails, airsoft shooting and tree-top activities. This part of the Mactan Newtown is abundantly surrounded with trees, and we want to keep them,” Tan said.