Lebanon Businessnews News

Mall to open in Baakline
To include movie theaters,
restaurants, and retail shops
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A mall is slated to open in Baakline, in the summer of 2016. It has not yet been named.

Mount Lebanon Development Company (MLDC), owned by Nabil Zeineddine, the mall’s major shareholder, is the development and construction company behind the mall.

The investment in the mall is around $25 million, excluding the cost of the land. The total space of the plot is 50,000 square meters, and the built up area is 40,000 m2. It has three aboveground floors and one underground. It will include an open air parking for 600 cars, and an underground lot for 50 cars.

The mall will comprise 100 retail shops, a supermarket, movie theaters, coffee shops, and restaurants. “We are receiving requests for leasing space, but we have not yet signed a contract.”

Zeineddine said that outlets are available for lease only, and leasing prices have not yet been set. But rents of retail shops in the region could reach $800 for 40 m2.
Reported by Rania Ghanem
Date Posted: Apr 16, 2015
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