Jimenez family sold their property and Atrium Shopping Center was opened beside Caza Plaza Hotel. It was first shopping center to have a combination of hotel, restobar, Saloon, Supermarket and Restaurants in the whole Philippines. With the growing demand of consumerism and real estate, Philippine companies such as – SM Prime Holdings, Robinsons Land Corporation, Megaworld Corporation, and Ayala has fueled the popularity of mall culture in Iloilo. SM City Iloilo by SM Prime Holdings, the largest SM Supermall in Western Visayas (one of the largest in the Philippines); Robinsons Place Iloilo and Robinsons Place Jaro – both by Robinsons Land Corporation; & by Megaworld Corporation's – Festive Walk Iloilo, the first (full-scale) Megaworld Lifestyle Mall outside Luzon and Festive Walk Parade, the longest dining strip in the Philippines. Government Iloilo City is the regional capital of Western Visayas region and the provincial capital of Iloilo province. It is one of the important economic centers in the Philippines and regional and provincial offices of national government agencies has offices in the city. It is classified as a first income class and highly urbanized city (HUC). Due to such status and classification, it is independent from the province of Iloilo, thus its citizens does not have the power to elect for political provincial officials. The city dates back its founding in 1566 through a settlement established by the Spaniards in the areas of Oton and Villa de Arevalo and received its cityhood status thrice – first on October 5, 1889 (effectivity in 1890) through a Spanish royal decree issued by the Queen Regent of Spain, Maria Christina, secondly in 1893 through a legal declaration by the virtue of Bacura/Becerra Law ratifying the first royal decree and establishing the city government of Iloilo, and the third through a virtue of Commonwealth Act No. 158 on July 16, 1937, formally inaugurated on August 25, 1937, as a chartered city, by consolidating the existing City of Iloilo with the towns of Arevalo, Mandurriao, Molo, and La Paz, while the City of Jaro was officially annexed on January 7, 1941, through the virtue of Commonwealth Act No. 604 of August 22, 1940, issued by President Manuel L. Quezon. By such decrees, the City of Iloilo is the first legal city in the Philippines because no law ratifies and established by the government that creates and enacts an edict declaring or elevating a town into a