22 Jun Shopping Malls in Cagayan de Oro – Best Establishments for Shopping Sprees or Retail Therapy
In reality, so far, there are four shopping malls in Cagayan de Oro. They may not seem much compared to the many shopping malls in Davao, Cebu, and Manila, but in terms of sheer size, each mall in CDO is comparable or even bigger to some of the malls found in these other cities. However, the steady growth of the city is now seeing the construction of at least two more shopping malls in the locality, but as they say, that is another story to tell.
And for those not familiar with the term, “retail therapy,” instead of eating, liquor drinking, smoking, and other “health hazards” that most people do to release stress, “retail therapy” is a far better option for your health if you really want to relieve stress. So, let’s start your retail therapy by taking a tour of CDO’s four awesome malls.
Limketkai Center Mall
The second oldest mall to open in the city, it now has the distinction of being the biggest mall in Cagayan de Oro City and has now been included in the list of the Top 20 Biggest Malls in the World.
This must be quite a distinction considering that Cagayan de Oro has a population of only under a million.
The center is located along C.M. Recto Highway, Lapasan, fronting the Mindanao University of Science and Technology (MUST). Store hours are normally from 10:00 a.m. to 9:00 p.m.
Locals simply refer to the mall as “Ketkai.” The main mall area is now under one roof and fully air-conditioned and this covers around 66,000 square meters of floor area and space for all the stores. The occupancy rate is said to be 96 percent, which isn’t surprising considering that the Ketkai Mall is now considered prime real estate for any type of business store, what with some 97,000 visitors per day on weekdays and some 110,000 visitors on weekends.
Outside the main mall there are other areas that cover the restaurant business, hotels, retail, and large parking areas that can accommodate 1,200 vehicles. The center also contains the newly constructed Gateway building and Luxe Hotel.
This doesn’t include the 3,500 square meter Atrium inside the main mall that can be used for concerts and conventions. Each year the Atrium is official venue to the Miss Cagayan de Oro beauty pageant held every last week of August.
At the center of the main mall is the Rotunda, which can be used for special marketing activities such as car shows and appliance sales. All in all, the center covers 25 hectares. The center has 4 cinemas, two of which are presently undergoing renovation but will soon be reopening in August. A newly opened event center can also be found on the 2nd floor.
Ayala Centrio Mall
The most recent mall to open last November 2012 is owned by the Ayala Corporation.
Its major concept is a mixture of integrated mixed-used shopping mall, hotel, condominium tower, and a BPO/office building.
It is located at the corner of Corrales Avenue and C.M. Recto Avenue and is now considered the city’s second largest mall, so far.
The 3-storey mall area alone covers 64,000 square meters. The entire complex covers almost 4 hectares.
What makes the mall unique and endearing to many of the locals is that at the center of the mall is the Alfresco and Centrio Garden wherein can be found two 60-year old Acacia trees that have been preserved. The interior park also contains a children’s playground, but is open to the elements and not included in the mall’s fully air-conditioned interior.
The mall houses the very first Rustan’s Fresh Supermarket in Mindanao, around 300 tenants composed of local, national, and international brands of retail stores, service centers, and restaurants. It has 4 cinemas for 2D or 3D movie viewing. It is only the second mall in the city to have underground car parking.
SM City Mall
Located on Masterson Avenue in Pueblo de Oro, Upper Carmen, this is the second mall that opened in the city in 2002.
Many experts at that time predicted that with the investment of an SM Mall by the SM Prime Holdings in the city, this would signal the beginning of a mall construction boom for Cagayan de Oro.
They were never far from the mark. Covering a modest 5.2 hectares with the mall area at 56, square meters, this mall is the 3rd biggest mall in the city.
The mall naturally features the SM Department Store, SM Supermarket, and 4 SM cinemas for 2D and 3D movies.
It has around 100 tenants covering a wide array of local, national, and international names in retail, specialty stores, and restaurants.
This mall has become the precursor to further investments in the city by the SM Prime Holdings such as the construction of 3 Savemore SM Supermarkets in Agora, Capistrano Street, and C.M. Recto Highway-Kauswagan.
A second SM Mall is presently under construction at the corner of C.M. Recto Avenue and Osmena Street that is targeted to be finished in December 2015.
Gaisano City Mall
This mall is the first and oldest in the city, having been opened in 1989. It is part of the set of Gaisano stores all over the city, most of which are located in the Cogon area, one in Carmen, one in Bulua, and one in Puerto. Though covering a modest 55,100 square meters, it is considered the 8th largest mall among all Gaisano Malls in the Philippines, and houses more than 100 tenants that cover various local, national, and international names in retail, servicing, and restaurants.
Renovated and expanded twice over the years, the limited area of the mall along Corrales Extension and C.M. Recto Avenue and being surrounded by two major schools, a church, small retail and service stores, and residential areas have limited expansion plans of the mall. Gaisano is hoping to add an additional floor on top of its existing 4-floor complex. This mall is the first one in the city to introduce underground car parking.