built as part of Phase 2A. Upon completion in the 1980s, it became the Shangri-La Penang and remained so until it was rebranded in the 2000s as Traders Hotel. Prangin Mall Prangin Mall was initially planned as part of Phase 3 of the Komtar project. Named after Prangin Road, also known as Jalan Dr Lim Chwee Leong, Prangin Mall was opened in 2001. It caters to a market ranging from lower to middle class. The mall comprises six levels including a basement floor, two levels of basement parking and a further three levels of parking at the upper floors. In recent years, Prangin Mall is also well known for a wide range of electronic retail outlets. 1st Avenue Mall Originally part of Phase 4, 1st Avenue Mall at Magazine Road was completed and opened in 2010. At present, the shopping mall features 655,000 square feet in gross floor area and spreads over 7 retail levels. The mall's top floor also contains a TGV Cineplex. Future developments As of January 2017, Phase 5 has never been completed. The area allocated for Phase 5 covers the abandoned historic Sia Boey Market, located just east of 1st Avenue Mall, and is bounded by four streets—McNair Road, Prangin Road (Jalan Dr. Lim Chwee Leong), Magazine Road and Carnavon Street. Penang Heritage Square In July 2012, Phase 5 was earmarked by the Penang state government and Penang Development Corporation to be developed into Penang's new heritage enclave, known as Heritage Square. This would be in line with George Town's World Heritage Listing as well as to complement PDC's revitalisation efforts for Komtar as the socio-civic centre and business hub of Penang. This prime 4.5 acres of land in the heart of George Town will predominantly be public space. The Heritage Square and Centre will dedicate, consecrate and restore the cultural vibrancy of George Town by promoting the living heritage and street life in the inner city, as well as greening the city, thus ensuring a balanced development for the area. The project, which is currently under construction, with an objective of revitalising the Komtar Phase 5 area, and to improve the heritage value and significance of the site by creating urban spaces and landscapes for healthy urban living. The development of Heritage Square Project will revitalise the adjacent Komtar building complex which is directed at regaining the glory of Komtar as the nerve centre of