Meanwhile in Cebu - SM Seaside City Cebu Updates

SM Seaside City Cebu is shopping mall owned and developed by SM Prime Holdings located in Cebu City, Philippines. It is expected to open in 2015. SM Seaside City Cebu will be SM's third mall in Cebu and 52nd mall in the Philippines. The mall is designed by Arquitectonica, the same company which designed SM North EDSA, SM Mall of Asia and SM Megamall. On April 12, 2011, SM Prime Holdings held a ground breaking ceremony at the mall's location.

The SM Seaside City Cebu will be a circular-shaped retail mall with multiple anchors, including a two-story SM Department Store and SM Hypermart, a five-theater Cineplex and IMAX Theatre, an 18-lane SM Bowling and Amusement Center, and a food court flanking an ice skating rink.

In addition, the mall will have over 2,000 food and retail shops, including international brands. Retail shops will occupy the outer arc of the mall on the ground floor. This area will include a furniture zone as well as a fashion boulevard.

SM Prime Holding’s President Han Sy said that the company has made adjustments to its destination mall project at SRP, in terms of budget allocation to P8.5 billion, from the original budget of P6 billion.