Crescent Mall
Shopping mall in Ho Chi Minh City, Vietnam
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Crescent Mall is a shopping mall in Ho Chi Minh City, Vietnam, located at Phú Mỹ Hưng planned city in District 7. With an area of 112,000 m2 (1,210,000 sq ft) that consists of 200 stores, a supermarket, cinema, restaurants, cafes, and gaming stadium. The mall was designed by Tan Gek Meng, and developed and owned by Phu My Hung Corporation. Its design incorporates the concept of ruyi, which is said to bring good luck and fortune. The mall's last anchor tenant is Co.opmart, while previous anchors are Giant and Auchan. Phase 2 of the mall included its expansion and a 24-storey office tower next to it named Phú Mỹ Hưng Tower, which previously known as the Cresent Hub.
Vietnam| Crescent Mall | |
|---|---|
| |
 Crescent Mall and its phase 2, Phú Mỹ Hưng Tower in 2019 | |
 Interactive map of the Crescent Mall area | |
| General information | |
| Status | Completed |
| Type | Shopping mall |
| Architectural style | Postmodern |
| Location | International Trade & Financial, Phú Mỹ Hưng, District 7, 101 Ton Dat Tien Street, Tan Phu Ward, Ho Chi Minh City, Vietnam |
| Coordinates | 10°43′43.4″N 106°43′0.67″E |
| Groundbreaking | 12 June 2009[1] |
| Construction started | July 2009 |
| Opened | 30 November 2011[2] |
| Cost | 2,310 billion ₫[2] |
| Owner | Phu My Hung Corporation |
| Landlord | Savills[1] |
| Technical details | |
| Size | 112,000 m2 (1,210,000 sq ft) |
| Floor count | 9 |
| Floor area | 45,000 m2 (480,000 sq ft) |
| Grounds | 3 |
| Design and construction | |
| Architect | Axel Korn[3] |
| Architecture firm | Skidmore, Owings and Merrill Korn Architects[3] |
| Developer | Phu My Hung Corporation |
| Other designers | Design international[3] |
| Other information | |
| Number of stores | 200 |
| Website | |
| crescentmall | |
| References | |
| [4] | |
History
The initial concept of Crescent Mall was first unveiled on 9 April 2008 by Phu My Hung Corporation.[5] Skidmore, Owings and Merrill, and Design International were chosen as the master planners for Crescent Mall, with KORN Architekten, a German-based architecture firm as designers for the mall. Architect Axel Korn designed the building.[3] The manager and leasing agent was Savills.[1] The elevators and escalators were provided by Schindler and installed by Jardine Matheson.[6]
The groundbreaking ceremony was performed on 12 June 2009 and construction began in July that year.[4] During the groundbreaking ceremony, Vietcombank formed a consortium with Vietinbank, Bao Viet Bank, Gia Dinh Bank, and Asia Commercial Bank to grant Phu My Hung Corporation a loan worth 1.2 trillion ₫ within 10 years.[1] The mall had an invite-only preview by Phu Mu Hung Corporation to selected guests, largely international and luxury brands, on 28 January 2010, before making retail lots available for lease.[7]
The mall was officially opened to the public on 30 November 2011.[2] The first Giant store in Vietnam opened in Crescent Mall, serving as the mall's first anchor tenant[8] until 28 November 2018, when the Vietnamese operation was acquired by French-based retailer Auchan and replaced as anchor.[9] However, Auchan announced its withdrawal from the Vietnamese market in May 2019 due to unprofitable and unsustainable operations in Vietnam[10] and competition with the local supermarket chain Co.opmart. Auchan has closed most of its Vietnamese stores, but its branch in Crescent Mall will remain in operation until Tết in 2020 where after this period the anchor itself will be rebranded as Co.opmart.[11]
H&M opened its third Vietnamese store in Crescent Mall on 8 September 2018.[12]
Due to the increasing demand for business and retailers, Phu My Hung Corporation invested additional funds in February 2019 to upgrade and expand Crescent Mall as part of the Phú Mỹ Hưng infrastructure upgrade plan. This expansion of the mall included phase 2 of Crescent Mall and an additional 24-story office building known as Crescent Hub. It was completed in 2021 and officially known as Phú Mỹ Hưng Tower, the tower adopted the current address and the "8 Hoàng Văn Thái Street" address.[13] The mall expanded an additional 12,000 m2 (130,000 sq ft) at the end of 2019.[14]
In July 2020, the Kpop coffee brand SMTown Café opened its first location in Vietnam in the mall.[15] However, it was closed in September 2023, after 3 years and 2 months.[16]
Design
Retail
Crescent Mall contains 45,000 m2 (480,000 sq ft) of retail space. It has a large variety of stores including international chains such as GAP and Tommy Hilfiger, restaurants, a cinema, and a supermarket: Co.opmart. There are numerous chain stores selling clothes and cosmetics, as well as gift and souvenir stores. Among the cafes are branches of Gloria Jean's Coffees and The Coffee Bean & Tea Leaf.[8]
