The iconic souvenir shopping center here will be revived soon, three years after it was shelved to give way to a high-rise construction beside it.
The Alcantara-owned Alsons Development and Investment Corp. (Alsons Dev) announced this week it will begin the redevelopment of the Aldevinco Shopping Center site by the end of October.
‘Located at the corner of C.M. Recto and Roxas Avenue, the property has long been an iconic presence in downtown Davao. The redevelopment will usher in a new era for this historic landmark, paving the way for a modern, mixed-use destination that supports the city’s continued growth and revitalization while honoring its history and heritage,’ the company said.
The company was yet to issue the artist’s perspective of a revived shopping center but it said the aging buildings will be cleared ‘to make way for a redevelopment that continues to cultivate Davao’s growth.’
The Aldevinco used to be one-floor arcade located at the heart of downtown Davao where tenant stores display an array of indigenous items, from beads, trinklets and scarves to malong or wrap-around cloth, traditional clothes and household items. There were also imitation or replica of cultural artifacts, from hunting bows and arrows, agongs, miniature boats and hardwood furniture, to wooden arches, handcrafted boxes and cabinets, and brasswares.
Stores also offer money exchange to and from foreign currencies.
The Aldev said ‘transformation will begin with the demolition of the buildings on the premises, a necessary step due to the structure’s age and safety considerations.’
‘The work will be carried out in sections to minimize disruption and ensure the safety of pedestrians, workers, and nearby establishments. The company is also working closely with the Office of the City Building Official (OCBO) and other relevant government agencies to ensure full compliance with local regulations,’ it added.
It said the redeveloped property ‘is envisioned to become a flagship mixed-use development that reflects Alsons Dev’s vision for vibrant, sustainable, and people-centric spaces.’
The former tenants relocated to nearby locations when the old Aldevinco closed shop in 2021, many of them transferring to another Aldev-constructed shopping center The Poblacion, the City Triangle or to a new arcade just across the same Claveria Street.
While long-term plans are being finalized, Alsons Dev will temporarily use the 5,106-square-meter site into a paid parking facility by the second quarter of next year. The interim space will feature designated areas for food trucks and carts, offering convenience and new opportunities for small businesses while keeping the property active and vibrant in the heart of the city.
Miguel A. Dominguez, president and chief executive officer of Alsons Dev, said ‘our vision is to build developments that balance heritage and progress, ensuring that every project we undertake supports the city’s growth. As a homegrown developer, we take pride in helping shape Davao’s evolving environment,’
The Aldevinco Shopping Center was launched in 1965 to become the city’s earliest commercial hubs. ‘In over five decades, it transitioned from a vibrant marketplace for local traders to a cultural icon showcasing Mindanao’s rich heritage through textiles, antiques, and handicrafts. Though it ceased operations in December 2021, its legacy continues through Poblacion Market Central, where many original tenants still carry forward the spirit of culture, creativity, and commerce.’