Retail Mall definition
Examples of Retail Mall in a sentence
The Retail Mall will be developed under the Mitsui Shopping Park Lalaport brand.
In the event any part of the Retail Mall is located on the Land, there shall be deducted from Real Estate Taxes the proportionate share of Real Estate Taxes attributable to the Retail Mall based upon the Floor Space of the portion of the Retail Mall located on the Land.
Notwithstanding this, the development period for the Retail Mall and Retail Podium is estimated to be approximately five (5) years.
The remaining 90% of the Strata Space Purchase Price is payable progressively in accordance with the milestones set out in the Retail Mall SPA.
MFA will act as the development manager of the Retail Mall to organise, design and oversee construction of the Retail Mall and thereafter to provide advisory services for the management and operations of the Retail Mall.
The GHM Development is situated on the GHM Fee Parcel (as defined below) and the GHM Ground Lease Parcel (as defined below) (together, the “GHM Development Site”) and includes the following improvements: (1) the GHM Retail Mall (as defined below); (2) the Macy’s Building (as defined below); (3) the Nordstrom Building (as defined below); and (4) the GHM Parking Facilities (as defined below).
It is also a term in the Retail Mall SPA that the JV Company, BBCC and UDA will within three (3) months from the date of the Retail Mall SPA enter into a further sale and purchase agreement for the proposed acquisition by the JV Company of the Retail Podium (more particularly described in Section 3.1) (“Retail Podium SPA”) planned within the BBCC Project, for an estimated purchase price of RM33,270,570 based on RM830 per square foot (“Retail Podium Purchase Price”).
In the event of excess, subject always to a maximum price for the Strata Space being RM450 per square foot, the JV Company agree to pay BBCC such sum in excess in one lump sum within three (3) months from the date of such determination or upon registration of the transfer of title to the Retail Mall to the JV Company, whichever is later.
The Proposed Development, known as the “Lifestyle Retail Mall and Residences @ Medini North” entails the development of the first retail mall in Medini which combines street-style retail shop lots, entertainment facilities and shopping mall (“Medini Lifestyle Mall”) together with a serviced apartment component.
The Retail Mall is inspired by the concept of simplicity and materiality, effortlessly blending understated Japanese design features with the warmth of natural elements.