It looks like Cagayan de Oro City is now, more than ever, THE next place to watch out for here in Mindanao. Ayala Land Inc. (ALI) is set to build the biggest mall in Mindanao – the Ayala Mall CDO – and is set to allot a total of P4.5 Billion for the said project.
Ayala Mall CDO will be a shopping and recreation haven and will reportedly be right smack in the heart of the city.
Cagayan de Oro City Mayor Constantino Jaraula was quoted as saying that the Ayala Mall Cagayan de Oro “would make the city the major shopping destination in Mindanao as this will be the biggest mall in the region and will further boost our beloved city as a haven for investment.”
Ayala Mall CDO will even be larger than the P3 Billion Ayala Mall Davao City, reports say.
Ayala Mall CDO will occupy a large space along CM Recto Avenue (in a vacant lot in front of Gaisano City CDO).
The said Ayala property will also take up a portion of land along Corrales Avenue.
What do you think of this development?