COSTA RICA NEWS – The Centro Comercial (mall) Paseo de las Flores is getting a facelift that includes an architectural renovation and update of its tenant mix, part of the project to celebrate its tenth anniversary in November.
One of the visible changes is the addition of the Aliss department store, which is scheduled to open next month. The department store of Venezuelan capital will occupy 2.321 square metres on the upper level, taking over the space occupied by Carrion (Honduran capital) which is reducing its floor space to 1.797 square metres on the first floor.
Rumoured among the news businesses coming to the Hereida mall are the Cosí restaurant chain and the international clothier Arrow. CCM is also expected to expand its theatres, however, Desarrollos Mega, the project manager, would not confirm.
According to Mega manager, Armando Céspedes, the investment in the renovations is about US$5 million dollars and there is the possibility of expanding the projects with an additional phase of 6.000 square metres of mixed use space on the undeveloped land adjacent to the existing structure.
Besides the tenant mix, the mall is expected to get a new image.
Malls have to stay ahead and offer consumers innovation and differentiation with the arrival of new brands and competitors.
Since the opening of Paseo de la Las Flores 10 years ago, the market place has seen the entry of several new malls, such as Lincoln Plaza in Moravia, and the Multicentro in Desamparados and the expansion of Multiplaza in Escazú and Curridabat, for example.
In addition, under construction is the soon to be largest mall in the country, City Mall in Alajuela, some 500 metres from the San José international airport.
Source: El Financiero