▁Prime ▁Hold ings ▁was ▁final izing ▁a ▁deal ▁to ▁buy ▁out ▁the ▁Mart el ▁family ▁from ▁its ▁contract ▁with ▁the ▁City ▁of ▁Man ila ▁to ▁re develop ▁and ▁manage ▁Harrison ▁Pla za . ▁Since ▁the ▁sho pping ▁center ▁was ▁in ▁need ▁of ▁re development ▁and ▁lag ged ▁behind ▁nearby ▁m alls ▁including ▁Ali ▁Mall , ▁SM ▁Prime ▁Hold ings ▁plans ▁to ▁build ▁a ▁new ▁sho pping ▁center ▁with ▁a ▁resident ial ▁cond omin ium ▁above ▁it . ▁The ▁Mart el ▁family ' s ▁contract ▁of ▁the ▁m all ▁would ▁exp ire ▁by ▁ 2 0 2 0 ▁or ▁ 2 0 2 2 . ▁ ▁Cl os ure ▁and ▁sale ▁to ▁SM ▁ ▁It ▁was ▁announced ▁on ▁the ▁mem o ▁given ▁by ▁the ▁Mart els ▁to ▁the ▁m all ' s ▁ten ants ▁that ▁the ▁m all ▁will ▁ce ase ▁its ▁operations ▁on ▁December ▁ 3 1 , ▁ 2 0 1 9 ▁with ▁the ▁family ▁giving ▁them ▁time ▁to ▁clear ▁out ▁the ▁area ▁until ▁January ▁ 3 1 , ▁ 2 0 2 0 . ▁▁ ▁After ▁the ▁dead line , ▁the ▁property ▁will ▁be ▁demol ished ▁to ▁give ▁way ▁for ▁a ▁" mass ive ▁project " ▁of ▁SM ▁Prime ▁Hold ings , ▁reported ly ▁a ▁cond omin ium ▁building ▁complex ▁with ▁a ▁sho pping ▁center ▁or ▁m all ▁similar ▁to ▁The ▁Pod ium . ▁ ▁Ten ants ▁At ▁its ▁peak , ▁the ▁Harrison ▁Pla za ▁hous ed ▁ 1 8 0 ▁stores , ▁e ater ies , ▁and ▁service ▁out lets