Greenbelt 1 Mall Reportedly Closing Down for Modern Revamp

Greenbelt 1 Mall in Makati City is closing down for renovations, according to a report in Philippine Daily Inquirer’s Biz Buzz column.

The news website claimed that their source, a ranking official of Ayala Land Inc., confirmed this to them, explaining that the mall will be shut down in order to make a “newer, more modern” space in the shopping complex. Currently, Greenbelt 1 houses fast food chains such as Tokyo Tokyo, Wendy’s, Jollibee, and Bonchon, casual dining restaurants like David’s Tea House, Razon’s, and Chicken Bacolod, gaming and tech shops like Datablitz, repair shops, and The Spa.

The source said that the revamped area will include more shops, green spaces, offices, and newer movie theaters. It also seems that the outdoor steel parking area and the McDonald’s across Asian Institute of Management will be affected by the renovation as the report alleged that Ayala Land Inc. may build a new hotel there.

It’s unknown when the renovations will start but Inquirer reports that the tenants of Greenbelt 1 have already been advised to relocate before the first semester of 2024.

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What are your thoughts on this? Are you in favor of the revamp? Share them in the comments below.

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