History
The mall was built in 1989 and opened its doors on June 28, 1991, the third SM Supermall ever built by Henry Sy Sr before SM Prime Holdings was publicly listed, after SM City Sta. Mesa and the SM City North EDSA. SM Megamall is located in the Ortigas Center, at the portion encompassed by Mandaluyong City. It stands along the main EDSA thoroughfare and is almost adjacent to the Manila Metro Rail Transit(MRT) Ortigas station. SM Megamall was the largest mall in the country for a 17-year period, but when SM Mall of Asia was built, it was ranked third largest in the country by floor area, measuring 331,679 square meters of total retail floor area and seventh largest in the world after SM North (which is the 1st in the country and second in the world). It also boasted the first ice skating rink but now removed and one of the first trade halls in the country.
The mall is located in close-proximity to several other shopping centers and malls. It is across the street from another shopping destination, St. Francis Square, which has branches of some shops restaurants also found in SM Megamall. Some of the more notable shopping malls nearby are Robinsons Galleria, Shangri-la Plaza, Starmall, EDSA Central and The Podium; the latter is also owned by SM Megamall's parent company, SM Prime Holdings. SM Megamall became 2009's Philippine Retail Association's (PRA) Shopping Center of the Year and in October 2011, the new facade changed the logo of SM Megamall from old one to new one.
In a study done on the world's largest shopping malls by Eastern Connecticut State University, the mall was ranked seventh among the world's largest shopping malls by "ground level area", and was the third largest mall in the Philippines, below the SM Mall of Asia and SM City North EDSA.
Read more about this topic: SM Megamall
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