Santiago City—SM Prime Holdings, Inc., owner-operator of SM Megamall across the country, will construct a 5-hectare malegamall and recreation center in Barangay Malvar in this city soon.

City Mayor Amelita Navarro said she has negotiated with officials of the SM Prime Holdings, and company owner Henry Sy is “very eager”to make the city as the newest SM Megamall.

Ïf fully realized this multimillion peso business venture will be a blessing for Santiago City folks in terms of business boom and employment opportunities,” she said.

The contractors are now cleaning the site before construction starts.

The new mall will have three levels of commercial space that would house a food court, entertainment zone, recreation area, and parking spaces.

The area used to be the government-foreclosed Pantranco terminal along Pantranco-Sagana Road in Malvar village.

It is in front of the P350-million integra
ted transport terminal and commercial center that is now in operation.

 “They are raring to put up one in Cagayan Vallley, and this city was the area they have chosen because of its proximity to the provinces and for being the primary commercial area in the region,” Navarro said.

This city is accessible from the provinces of Isabela, Nueva Vizcaya, Quirino and Cagayan.