Home Retail Lonavala`s first mall to open doors in 2011

    Lonavala`s first mall to open doors in 2011


    Lonavala’s wait for a mall will get over in 20l1, when Lonavala Square shopping-cum-entertainment centre will become operational.

    The 1,50,000 sq.ft mall, which will come up on High Street, is being developed at a cost of Rs.90 crore.

    "Because of the location of the mall and the strategic positioning, the mall will be working mainly on a pure rental model. However, we are open to look at the minimum guarantee and revenue sharing model in case the prospective retailer is a strong player," said , chief mall mechanic, Beyond Squarefeet Advisory Private Limited.

    The formal leasing of Lonavala Square will begin in September this year.

    The mall will have a three-screen multiplex, a 20,000 sq.ft family entertainment centre, 13 kitchen food court and four fine dining restaurants, apart from vanilla retailers.

    As Lonavala is a tourist location, all vanilla stores will be of an average of 350 sq.ft, thereby enhancing productivity of the retailer and improving the optimum tenant mix of the mall.

    IndiaRetailing Bureau