PTLM is not able to verify the details of this news at this juncture but according to a source, the mall management has ordered some (or) all of its tenants to vacate within the next three months.
A residential block could be added in one of the sections as part of its intended revamp of this complex, which underperformed since its opening in 2011.
The owner of the mall is said to be in talks with several property developers for a possible joint venture arrangement for the possible redevelopment of the mall.
It is unclear how it would work as this redevelopment plan involves an existing mall already built right in the centre of the SS2 housing estate. The source added that one of Malaysia’s premier developer Bandar Raya Developments Bhd (BRDB) could be the frontrunner to clinch the deal. BRDB is the developer of many distinguished luxury properties, amongst them are Senja Private Lakeside Estate, Serai @ Bukit Bandaraya, The Troika, One Menerung, Bangsar Shopping Centre, Sri Penaga, Tivoli Villas and Menara Bangsar.
PTLM also noted that an empty land infront of the mall entrance was earmarked for a 39-storey signature suite project to be developed by Solid Promenade Sdn Bhd, which has another project called Damai 88 located off Jalan Ampang.
Selangor Dredging Bhd is developing The Hub nearby, which is a freehold commercial development consisting of 276 units of signature suites in a 44-storey tower with built-up sizes ranging from 517 sq ft to 1,313 sq ft; and 13 blocks of 4-storey boutique shop offices.