SM Marketmall to open in Cavite by October Wednesday, August 17, 2011
The SM Marketmalll will bring a new shopping concept to residents of dasmariñas, Cavite when it opens its doors in october.
A take-off from the popular concept of a farmer’s market combined with that of a mall, it will be located on the site of the former Kadiwa Public Market.
SM Marketmall is a mall of firsts. It is the first public-private partnership between a City Government and SM Prime Holdings, as well as the first one-stop mall in Cavite with a Hypermarket, 1,073 wet and dry market stalls, restaurants, services, and a bagsakan area. It is also the first vertical wet and dry market development, with the wet market and restaurants open 24 hours.
“I think this partnership is really beneficial to the city government, because the LGU does not have a single cash expense in this project,” says Dasmariñas City Congressman Pidi Barzaga. “SM shall be constructing the public market, and will be paying an annual rental fee with the use of the land. Since SM is the owner of the building, it will also be paying its real estate taxes.”
“The project is expected to create an expansive year-round shopping district with dozens of local growers, seafood merchants, fresh meat vendors, bakers, and other business,” says SM Prime Holdings executive vice-president Jeffrey Lim. “It will showcase Cavite’s local agricultural products, and give small vendors an opportunity to sell their food with very reasonable rental rates.” Many of the vendors from the former Kadiwa market are relocating to the mall.
The more than 10,000 square meter SM Marketmall is envisioned to be a destination for foodies in search for fresh products and homegrown cuisine.
It will not only be clean, well maintained, a secure, but also have provisions for PWD friendly facilities, and will showcase environmentally sustainable practices with a sewage treatment plant that recycles water, as well as proper garbage segregation and disposal.