$50M mall to open in MoBay in a few weeks
Western Bureau: The new $50- million Trinity Mall along Barnett Street in Montego Bay is slated to open its doors within a few weeks, and all the available space in the 30-shop complex has already been rented or leased.
An official opening is planned for early next year.
Work began on the three-storey complex late last year, spurred by the government’s Tax Incentive Programme (TIP) that is aimed at stimulating growth by providing tax breaks to developers.
Under the TIP, mall owner Kamili Associates will be eligible for a 25 per cent tax credit and tax-free rental income for 10 years.
Located next to the western city’s Transportation Centre, the three- storey, U-shaped Trinity Mall will encompass more than 30 shops and general service facilities. It will house a call centre, computer store, restaurant and pastry shop, as well as a pharmacy. A cambio and international remittance outlet, automated banking machine, bookstore, beauty and bridal salons and other boutiques will also be a part of the complex.
According to CEO of Kamili Associates, Lionel Moore, demand for the space available on the complex had been brisk from the outset. In the past, some malls in Montego Bay have had a problem keeping tenants as the combination of sluggish sales and high rents caused some small businesses to fold.
But when he launched his venture last year, Moore was optimistic that his central location and proximity to the Transportation Centre would work in his favour.
The Trinity mall was built on 17,000 square feet of land purchased from the Urban Development Corporation in December of 1999. The shops, which will be rented, leased or sold, range in size from 300 to 1,200 square feet.