SM Prime to Develop Harrison Plaza Complex for ₱6-B

SM Prime Holdings Inc. (SM Prime) is investing more than ₱6 billion to redevelop the former Harrison Plaza complex in Manila, with the flagship mall slated to open in 2027.

Harrison Plaza, which opened in 1976 as the country’s first one-stop shopping mall, will be transformed into a modern retail hub with an estimated gross floor area exceeding 200,000 square meters. (Photo: SM Prime)

The project forms part of SM Prime’s ₱150-billion mall investment program for 2026 to 2030, which includes the redevelopment of 16 existing malls and the construction of 12 to 15 new lifestyle centers.

Harrison Plaza, which opened in 1976 as the country’s first one-stop shopping mall, will be transformed into a modern retail hub with an estimated gross floor area exceeding 200,000 square meters—comparable to major developments such as SM City Davao and SM City Clark.

“The development will incorporate nature-inspired architectural elements alongside open layouts, community spaces, and green areas designed to support cultural and social activities,” said Steven T. Tan, president of SM Supermalls.

He added that the project will strengthen SM Prime’s presence in Manila’s cultural and entertainment district, serving office workers, residents, and students across Malate and Ermita.

The redevelopment is also expected to attract both local and foreign tourists due to its proximity to key landmarks, including Manila Zoo, the Rizal Memorial Sports Complex, the Cultural Center of the Philippines Complex, and Manila Bay.

Its tenant mix will combine global brands with local retailers, reflecting the character of Malate.

Tan said the project is expected to generate thousands of jobs during construction and long-term operations, while contributing to the broader urban renewal of Manila’s city center.