SM Prime plans P6-B redevelopment of Harrison Plaza

SM Prime Holdings, Inc. said it will invest more than P6 billion to redevelop the former Harrison Plaza site in Manila, with completion of the new mall targeted for 2027.

The project is part of the company’s P150-billion mall investment program for 2026 to 2030, which includes the redevelopment of 16 existing malls and the construction of 12 to 15 new lifestyle centers.

Harrison Plaza, which opened in 1976, is widely regarded as the country’s first one-stop shopping mall.

“The development will incorporate nature-inspired architectural elements alongside open layouts, community spaces and green areas designed to support cultural and social activities,” SM Supermalls President Steven T. Tan said in a statement on Wednesday.

Mr. Tan said the project is expected to expand SM Prime’s presence in Manila, particularly in the city’s cultural and entertainment district.

Upon completion, SM Harrison Plaza is projected to have a gross floor area of more than 200,000 square meters, placing it in the same size range as SM City Davao and SM City Clark.

The mall is expected to operate as a mixed-use retail and lifestyle center, targeting office workers, residents, and students in Malate and Ermita.

It may also attract local and foreign visitors due to its proximity to hotels and nearby attractions, including Manila Zoo, Rizal Memorial Sports Complex, the Cultural Center of the Philippines Complex, and Manila Bay.

Mr. Tan said the project could generate jobs during construction and operations and may contribute to ongoing redevelopment in Manila’s city center. — Alexandria Grace C. Magno