Alsons Development and Investment Corp. (Alsons Dev) said Monday it will redevelop the Aldevinco Shopping Center site by the end of October 2025, transforming the iconic downtown Davao landmark into a modern, mixed-use destination.
The project aims to bridge the site’s rich heritage with urban progress.
The 5,106-square-meter property, located at the corner of C.M. Recto and Roxas Avenue, was a bustling commercial and cultural hub for decades after its launch in 1965.
It served as a showcase for Mindanao’s heritage, featuring textiles, antiques and handicrafts from local artisans until it ceased operations in December 2021. The legacy of the original center continues through Poblacion Market Central, where many former tenants now operate.
The redevelopment will commence with the phased demolition of the existing, aging buildings to minimize disruptions and ensure safety.
Alsons Dev said it is coordinating with the Office of the City Building Official (OCBO) and other agencies to comply with safety and environmental regulations.
While long-term development plans are being finalized, the site will be temporarily converted into a paid parking facility by the second quarter of 2026.
The interim space will also include designated areas for food trucks and carts to create new opportunities for small businesses and maintain activity in the city center.
Alsons Dev president and chief executive Miguel Dominguez said the company aims to build developments that balance heritage and progress, ensuring that every project supports the city’s growth.
“As a homegrown developer, we take pride in helping shape Davao’s evolving environment,” he said.
