The city government will soon begin with the construction of a five-story modern satellite market at Gibraltar, which was stalled for two years because of opposition from a claimant as well as due to the enhanced community quarantine.
City Planning and Development Office coordinator Donna Tabangin said the site where the satellite market is, is an ideal location as it is close to seven barangays in the area – Gibraltar, Pacdal, Mines View, St. Joseph, Country Club, Outlook Drive, and Lualhati.
The site is also within the vicinity of tourist destinations which is advantageous in terms of foot traffic. It is also located at the crossroads of Itogon, La Trinidad, and Ambuklao. Some local products sold at the present satellite market come from these neighboring areas.
The basement will have a parking space with 32 slots. The ground floor will house two restaurants, a pasalubong center, and another parking space with 19 slots while the second floor will accommodate the wet section with 68 stalls. The fruits and vegetables section with 68 stalls will be located on the third floor. The fourth floor will have 57 stalls for dry goods, pasalubong items, and foods. A food incubation center and a commercial kitchen where trainings for micro, small, and medium enterprises will be conducted will be setup at the fifth floor.
A total of 231 stalls will be rented out once the new satellite market starts operating.
Tabangin and City Buildings and Architecture Office head Johnny Degay assured that the 125 tenants who are currently at the satellite market will be prioritized. Other applicants will go through a selection process.
During the construction, tenants will be relocated either in front of the Rizal Elementary School or in adjacent barangay talipapas.
The projected revenue per annum is P15.75M including rents of stalls and parking fees.
The project costs P110 million. – Jordan G. Habbiling
April 27, 2024
