SM’s second mall in Cagayan de Oro City will cost P2 billion.
To compensate for the smaller area of around 1.7 hectares, the said mall would be a multilevel building. Further, Hans T. Sy said the second mall in Cagayan de Oro City would be mixed use and “also a mall but the rest for call centers, commercial and other use.”
Read more HERE.
Based on this announcement, I believe SM opted to utilize only the old bottling facility which is just about 1.7 hectares.