- Thread starter PICHARDO
- Start date
Sambil shopping center santo domingo
With all these new malls are they going to close and get rid of the older run down eye sore shopping centers?
ABOUT SAMBIL:
- Net construction costs (infrastructure): USD$ 120 Million.
- Gross area: 239,000 m2
- Net construction area: 195,000 m2
- Net retail/commercial area: 63,000 m2 (phase 1)
- Stores: Over 350
- Movies theather: 14 3D large size digital screens with stadium seating
- Parking space: Space for 2,400 vehicles in underground parking area.
- Theather/performing stages: Large performing theather with a seating capacity of 850 on stage level + extra seatings on VIP balconies.
- Hours of operations for public access: 24 hours a Day/365 Days a year, no closures.
- Employment: 3,000 direct and 4,000 + indirect on phase 1.
That's a good question, given how it happens normally in countries like the U.S. or U.K. on the norm...
From experience in the DR, old shopping centers just don't roll over and die a miserable death, but somehow manage to keep a few key tenants that maintain the spots alive. The way I see it, as more and more international chains come to the DR, they'll be the ones to blow new life to the old spots by converting the multiple shops into a single store and providing a new facade on the outside or coverings to their liking.
The Mall now behind Ikea (soon to feel the inauguration of Agora and Galeria 360 just across and by side of the later) its rumored to be in some sort of negotiation with the brand holder for the DR of Best Buy. Another outfits looking into the old spaces in the DR are rumored to be H&B and TigerDirect/Systemax owner of the rights to CompUSA brand.
If is being built with Dominican York drugs money so be it! At least they are creating jobs.
The largest biz in the U.S. came to be based on cash flow from most illegal activities. The casinos, the betting on horses, hotels, bars, corner shops, etc... Cities like Miami came to be what they are today based on drug money.
Colombia is a country made by Cocaine... Chile's is another country that developed on the back of a super corrupted military regime and 90% illegal activities all around. Puerto Rico is a drug den that only saw some vertical growth once the drug cash flow kicked into full gear (Dorado alone was 90% built by drug barons).
Canada? Heck! Without the contemporary weed biz and the late prohibition of spirits it would had looked like Mexico today...
All in all money from illegal activities is by far fast and furious when it enters a developing economy. The DR is feeling a big push from drug money as of lately, but to call it "based" on it alone is absurd in the face of the major investments in the country.
I said this a while back here plenty of times: We all know what's clean and what's from the dark side in investments taking place in the DR.
You can trace most big funding for large projects with ease to their foreign investors and know (suspect) where it comes from, on the other hand, Dominicans know who here is clean and who's dirtied with drug money.
Most Dominicans in biz don't need to deal with drugs and the aftermath of it, since the markup and profit margins here are beyond what a kilo of Cocaine or weed could offer in the clear and about face of authorities.
This is one of the few (if there are more) countries in the world where the gov must keep tabs and giving fines to biz that use speculation, large scale market price-fixing, out of this world markup margins and last but not least: Legally ripping off clients!
By 100% legal ripping off just ask your credit card issuer to send you a copy of the contract and read it well to the last period...
Whether there are businesses in the US that are successful or Colombia or the DR is irrelevant to a conscientious person, ie they would rather go hungry than work with drug money.
If one is not a conscientious person anything goes, just don't be a complaining at the pearly gates when you get rejected. I see many will be in for a rude awakening.
If one is not a conscientious person anything goes, just don't be a complaining at the pearly gates when you get rejected. I see many will be in for a rude awakening.
So you mean to say that my VIP express pass won't work at the pearly gates? Darn it! I knew that guy kept smiling way too much during his sales pitch for the passes... What was his name again?... Past... Pastor Cash? Oh well! I'll try it again in the next Casino outing, there's always a bunch of them on the side wings calling out for lost sheep..
No doubt LA would be in a better situation if it's majority Catholic population actually put into practice what they learned on Sunday.
No because then the 'majority Catholic population' would then turn my LA into Tijuana. No Thanks!
As for this Sambil Mall, what I don't understand is... Armani Exchange, Cartier, and other such luxury brands are going to sell their wares in this mall.... honestly, has anybody been through Blue Mall lately? Was anybody actually shopping at those boutique stores?
99.95% (no joke) of this country can't afford a Cartier product
who's smoking what when they setup this business plan?
I don't get it...?
I think you'll find the largest industries in the United States are not gambling or illegal drugs. Nor have they ever been. Nice attempt at hyperbole though.
As for weather the drug industry 'adds' or 'taxes' an economy, for every Miami and Las Vegas "success story" you point at, I can point at 1000 cities like Baltimore, East St. Louis, and 90% of Mexico right now, that can be counter examples to your argument that "cashflow at any cost is great"