High Street Phoenix, formerly known as Phoenix Mall, is one of the largest shopping malls in India, situated in

Lower Parel Lower Parel (Pronunciation: Help:IPA/Marathi, əɾəɭ Help:IPA/Hindi and Urdu, əɾeːl station code: PL) railway station is a railway station on the Western Line of the Mumbai Suburban Railway, India. The next station south is Mahal ...

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

. Its

gross floor area In architecture, construction, and real estate, floor area, floor space, or floorspace is the area (measured as square feet or square metres) taken up by a building or part of it. The ways of defining "floor area" depend on what factors of the buil ...

is . In addition to the mall, the compound hosts a five-star hotel, a multiplex, commercial space and a residential tower. The mall consists of SkyZone and Grand Galleria. South Asia's largest 20 lane bowling concourse was first started here in the year 1996. India's first Hyper market concept

Big Bazaar Big Bazaar was an Indian retail chain of hypermarkets, discount department stores, and grocery stores. The retail chain was founded by Kishore Biyani under his parent organisation Future Group, which is known for having a significant prominen ...

was introduced in 2001 at High Street Phoenix.

History

Phoenix Mills was originally started in 1905 to manufacture cotton textiles in Bombay. The company, which has been listed on the

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...

since 1959, is owned by the ''Ruia'' family. In 1938, the

British government ga, Rialtas a Shoilse gd, Riaghaltas a Mhòrachd , image = HM Government logo.svg , image_size = 220px , image2 = Royal Coat of Arms of the United Kingdom (HM Government).svg , image_size2 = 180px , caption = Royal Arms , date_es ...

ordered firing at workers who were peacefully protesting the proposed ''Bombay Trades Disputes Bill''. The workers at Phoenix Mills went on a strike between 11 April 1939 and 1 November 1939, demanding an increase in pay. Phoenix was affected by the general strike that shut down all mills in Mumbai (then Bombay) for over a year in 1982–83. Mumbai's mills went through a turbulent time in the 1980s and '90s owing to labour unrest in addition to higher operating costs of a mill inside Mumbai, making mills such as Phoenix loss-making and nonviable entities. The management chose

redevelopment Redevelopment is any new construction on a site that has pre-existing uses. It represents a process of land development uses to revitalize the physical, economic and social fabric of urban space. Description Variations on redevelopment include: ...

of mill land, which had high commercial value. Sections of the mill were still operational when redevelopment began with the establishment of the Bowling Co. Workers were unhappy with the management's decision, alleging that it was illegal. In 2005, Phoenix Mills celebrated its 100th anniversary.

Redevelopment

Phoenix was one of the first mill companies to go in for redevelopment; the compound has been redeveloped and includes a luxury tower, hotel and shopping mall whereas the chimney is reminiscent of its past as a mill. While existing structures have been retained due to government rules, they have been refurbished and additional structures have been built around them in phases. In 1977, a fire destroyed its spinning units and the company decided to replace the area with a 28-story residential tower which came up in 1992. By the late 1990s, ''Bowling Co'', India's first

bowling Bowling is a target sport and recreational activity in which a player rolls a ball toward pins (in pin bowling) or another target (in target bowling). The term ''bowling'' usually refers to pin bowling (most commonly ten-pin bowling), though ...

company and sports bar, and a night club, ''Fire and Ice'', had been built at Phoenix Mills, which was facing trouble with keeping afloat as a mill.

Standard Chartered Bank Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around ...

too moved its offices into Phoenix Mills, taking a 30,000-square-foot area in 1998. In 2007, Phoenix joined up with

Shangri-La Hotels and Resorts Shangri-La Hotels and Resorts () is a multinational hospitality company. Founded in 1971 by tycoon Robert Kuok in Malaysia, the company now has over 100 luxury hotels and resorts with over 40,000 rooms in Africa, Asia, Europe, the Middle East ...

to run a five-star hotel for them in the Phoenix Mills compound, and got divided into ''Palladium'' and ''Grand Galleria''. PVR Cinemas runs a multiplex at Phoenix.

Development

In 2007, Phoenix Mills announced the development of Market Cities in Pune, Bangalore, Mumbai, and Chennai, which were completed respectively. In Bangalore, they have developed the residential project named as One Bangalore West in the heart of the city, Rajajinagar which is also listed amongst the tallest building in Bangalore. In Pune, they are developing a residential property named as Phoenix Fountainhead near by Phoenix Market City.

Palladium Mall

Palladium Mall, the very first premium luxury retail and entertainment destination of

located in the same compound of High Street Phoenix, was completed in 2007. Palladium (Mumbai) offers four levels of exclusive shopping in an atmosphere of extraordinary sophistication and refinement. Its leasable area is and it has 115 stores as of now.

References

External links