Crescent Mall is a shopping mall in
Ho Chi Minh City,
Vietnam
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...
, located at Phú Mỹ Hưng
planned city
A planned community, planned city, planned town, or planned settlement is any community that was carefully planned from its inception and is typically constructed on previously undeveloped land. This contrasts with settlements that evolve ...
in
District 7 District 7 could refer to:
* District 7, Ho Chi Minh City, Vietnam
* District 7 (Zürich), Switzerland
*District 7, Düsseldorf, Germany
*VII District, Turku, Finland
*District 7 School (Groton, Massachusetts), United States
*District 7 School (Han ...
. The mall has an area of that consists of 200 stores, a
supermarket,
cinema
Cinema may refer to:
Film
* Cinematography, the art of motion-picture photography
* Film or movie, a series of still images that create the illusion of a moving image
** Film industry, the technological and commercial institutions of filmmaking
...
,
restaurants
A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearan ...
,
cafes
A coffeehouse, coffee shop, or café is an establishment that primarily serves coffee of various types, notably espresso, latte, and cappuccino. Some coffeehouses may serve cold drinks, such as iced coffee and iced tea, as well as other non-caf ...
, and
gaming
Gaming may refer to:
Games and sports
The act of playing games, as in:
* Legalized gambling, playing games of chance for money, often referred to in law as "gaming"
* Playing a role-playing game, in which players assume fictional roles
* Playin ...
stadium. The mall was designed by Tan Gek Meng, and developed and owned by
Phu My Hung Corporation
The Phu My Hung Development Corporation (PMH) (Vietnamese: ''Công ty TNHH Phát triển Phú Mỹ Hưng'') is a joint venture between the CT&D Group of Taiwan and City Government of Ho Chi Minh City.
PMH is a large urban infrastructure developer ...
. The mall design incorporates the concept of ''
ruyi'', which is said to bring good luck and fortune. The mall's current
anchor tenant
In retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain. They are typically located at the ends of malls. W ...
is
Co.opmart, while previous anchors of the mall include
Giant
In folklore, giants (from Ancient Greek: ''gigas'', cognate giga-) are beings of human-like appearance, but are at times prodigious in size and strength or bear an otherwise notable appearance. The word ''giant'' is first attested in 1297 fr ...
and
Auchan.
History
The initial concept of Crescent Mall was first unveiled on 9 April 2008 by
Phu My Hung Corporation
The Phu My Hung Development Corporation (PMH) (Vietnamese: ''Công ty TNHH Phát triển Phú Mỹ Hưng'') is a joint venture between the CT&D Group of Taiwan and City Government of Ho Chi Minh City.
PMH is a large urban infrastructure developer ...
.
Skidmore, Owings and Merrill
Skidmore, Owings & Merrill (SOM) is an American architectural, urban planning and engineering firm. It was founded in 1936 by Louis Skidmore and Nathaniel Owings in Chicago, Illinois. In 1939, they were joined by engineer John Merrill. The fir ...
, and
Design International
Design International is an international architectural firm, which was founded in Toronto in 1965. The firm initially operated mainly in the North American market but has since developed into a major international player and was one of the first ...
were chosen as the master planners for Crescent Mall, with KORN Architekten, a
German
German(s) may refer to:
* Germany (of or related to)
** Germania (historical use)
* Germans, citizens of Germany, people of German ancestry, or native speakers of the German language
** For citizens of Germany, see also German nationality law
**Ge ...
-based architecture firm as designers for the mall. Architect Axel Korn designed the building.
The manager and leasing agent was
Savills
Savills plc is a British real estate services company based in London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The business was established by Alfred Savill (1829–1905) in 1855 in London. B ...
.
The
elevators
An elevator or lift is a cable-assisted, hydraulic cylinder-assisted, or roller-track assisted machine that vertically transports people or freight between floors, levels, or decks of a building, vessel, or other structure. They are ...
and
escalators were provided by
Schindler and installed by
Jardine Matheson
Jardine Matheson Holdings Limited (also known as Jardines) is a Hong Kong-based Bermuda-domiciled British multinational conglomerate. It has a primary listing on the London Stock Exchange and secondary listings on the Singapore Exchange and ...
.
The
groundbreaking
Groundbreaking, also known as cutting, sod-cutting, turning the first sod, or a sod-turning ceremony, is a traditional ceremony in many cultures that celebrates the first day of construction for a building or other project. Such ceremonies are ...
ceremony was performed on 12 June 2009 and construction began in July that year.
During the groundbreaking ceremony,
Vietcombank formed a consortium with
Vietinbank
Vietinbank (Vietnam Joint Stock Commercial Bank for Industry and Trade) ( vi, Ngân hàng Thương mại Cổ phần Công thương Việt Nam) is a state-owned Vietnamese bank. It has strategic partnerships with the International Finance Corporat ...
, Bao Viet Bank, Gia Dinh Bank, and
Asia Commercial Bank
Asia Commercial Bank, often abbreviated to ACB, is the largest private bank in Vietnam by assets, headquartered at 442 Nguyễn Thị Minh Khai, Ward 5, District 3, Ho Chi Minh City. It was registered on 19 May 1993 and began operations in June 1 ...
to grant
Phu My Hung Corporation
The Phu My Hung Development Corporation (PMH) (Vietnamese: ''Công ty TNHH Phát triển Phú Mỹ Hưng'') is a joint venture between the CT&D Group of Taiwan and City Government of Ho Chi Minh City.
PMH is a large urban infrastructure developer ...
a loan worth 1.2 trillion
₫ within 10 years.
The mall had an invite-only preview by Phu Mu Hung Corporation to selected guests, largely international and
luxury
Luxury may refer to:
* Luxury goods, an economic good or service for which demand increases more than proportionally as income rises
*Luxury tax, tax on products not considered essential, such as expensive cars
**Luxury tax (sports), surcharge pu ...
brands, on 28 January 2010, before making retail lots available for lease.
The mall was officially opened to the public on 30 November 2011.
The first
Giant
In folklore, giants (from Ancient Greek: ''gigas'', cognate giga-) are beings of human-like appearance, but are at times prodigious in size and strength or bear an otherwise notable appearance. The word ''giant'' is first attested in 1297 fr ...
store in Vietnam opened in Crescent Mall, serving as the mall's first
anchor tenant
In retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain. They are typically located at the ends of malls. W ...
until 28 November 2018, when the Vietnamese operation was acquired by
French-based retailer
Auchan and replaced as anchor. However, Auchan announced its withdrawal from the Vietnamese market in May 2019 due to unprofitable and unsustainable operations in Vietnam and competition with the local supermarket chain
Co.opmart. Auchan has closed most of its Vietnamese stores, but its branch in Crescent Mall will remain in operation until
Tết
Tết (), short for Tết Nguyên Đán ( Chữ Hán: 節元旦), Spring Festival, Lunar New Year, or Vietnamese Lunar New Year is one of the most important celebrations in Vietnamese culture. The colloquial term "Tết" is a shortened form of ...
in 2020 where after this period the anchor itself will be rebranded as Co.opmart.
H&M opened its third Vietnamese store in Crescent Mall on 8 September 2018.
Due to the increasing demand for business and retailers, Phu My Hung Corporation invested additional funds in February 2019 to upgrade and expand Crescent Mall as part of the Phú Mỹ Hưng infrastructure upgrade plan. This expansion of the mall will include phase 2 of Crescent Mall and an additional 24-story office building known as Crescent Hub. The mall expanded an additional at the end of 2019. In July 2020, the Kpop coffee brand
SMTown
SM Town (stylized as SMTOWN) is a musical collective for the recording artists under South Korean entertainment company SM Entertainment.
SM Town artists have performed at the annual SM Town Live world tours since the SM Town Live '08 Asia tour ...
Café opened its first location in Vietnam in the mall.
Design
The design of this mall was said to be inspired by the concept of ''
ruyi'' which is a symbol of good luck and fortune.
Retail
Crescent Mall contains of retail space. It has a large variety of stores including international chains such as
GAP and
Tommy Hilfiger
Thomas Jacob Hilfiger ( /hɪlˈfɪgər/; born March 24, 1951) is an American fashion designer and the founder of Tommy Hilfiger Corporation.
After starting his career by co-founding a chain of jeans/fashion stores called People's Place in upst ...
, restaurants, a
cinema
Cinema may refer to:
Film
* Cinematography, the art of motion-picture photography
* Film or movie, a series of still images that create the illusion of a moving image
** Film industry, the technological and commercial institutions of filmmaking
...
, and a
supermarket:
Co.opmart. There are numerous
chain stores
A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many pa ...
selling clothes and cosmetics, as well as gift and souvenir stores. Among the cafes are branches of
Gloria Jean's Coffees
Gloria Jean's Gourmet Coffee Pty Ltd is an American-Australian retail coffeehouse brand headquartered in Castle Hill, Sydney. The chain is owned by the multinational fast casual restaurant conglomerate Retail Food Group and has more than 1,400 ...
and
The Coffee Bean & Tea Leaf
The Coffee Bean & Tea Leaf (sometimes shortened to simply "Coffee Bean" or "The Coffee Bean", often abbreviated as CBTL) is an American coffee shop chain founded in 1963. Since 2019, it is a trade name of Ireland-based Super Magnificent Coffee C ...
.
See also
*
Diamond Plaza
References
External links
{{Commons category, Crescent Mall
Official website The Crescent
Shopping malls in Ho Chi Minh City
Buildings and structures in Ho Chi Minh City
Buildings and structures completed in 2011
Shopping malls established in 2011
2011 establishments in Vietnam