One of Ayala Land Inc.'s flagship shopping malls—and its oldest—will be torn down by the first half of next year to make way for a new property development, a ranking official of the property developer confirmed to Biz Buzz on Tuesday. We are, of course, talking about Greenbelt 1 on the corner of Paseo de Roxas and Legazpi Street in Makati City, which has been an icon and landmark in the area since it opened its doors to the public in 1988. Back then, it was an avant garde shopping mall with a quarter of a million square meters of leasable space in a low-rise setup.

https://business.inquirer.net/409781/biz-buzz-say-goodbye-to-greenbelt-1

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