Harrison Plaza, a well-known retail landmark in Metro Manila, is set to be redeveloped by SM Supermalls into a new mixed-use flagship mall. The project, to be named SM Harrison Plaza, is expected to open in 2027 and is part of a larger P150-billion capital expenditure plan by SM over the next five years.
SM Supermalls' president announced the company's strategy to roll out one flagship mall each year from 2026 to 2030, with the Harrison Plaza site in Malate, Manila, being a key project in this timeline. The company's investment will be split between constructing new malls and upgrading existing properties to feature "open-air promenades, lifestyle zones and sustainable features."
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While a full master plan has not yet been publicly released, the project is described as a mixed-use complex that will combine retail and lifestyle elements. It is intended to be a greener and more people-centric development, consistent with the company’s new flagship concept, which will also be seen in a new mall in Sta. Rosa (Nuvali) slated for 2026.
Opened in 1976, Harrison Plaza was one of the country's first modern, fully air-conditioned shopping centers. It served as an iconic destination for four decades, known for its cinemas, retail stalls, and lively tiangge culture. The mall officially closed at the end of 2019 and was later demolished to make way for the redevelopment.
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The new SM Harrison Plaza is expected to revitalize the economic and urban profile of the Adriatico–Ocampo area, potentially creating jobs during construction and attracting foot traffic to surrounding districts. However, the specific details regarding residential or office components have yet to be disclosed.
Given Harrison Plaza's strong cultural significance and the public's nostalgia for the old mall, the redevelopment is likely to be closely watched by long-time patrons and heritage advocates. As with any large-scale project, the 2027 timeline is subject to change based on various factors, including permits and construction schedules. SM has stated that the project will be financed through a combination of borrowings and internal funds.