ALSONS Development and Investment Corporation (Alsons Dev) announced that it will begin the redevelopment of the Aldevinco Shopping Center site by the end of October 2025. Located at the corner of C.M. Recto and Roxas Avenue, the property has long been an iconic presence in downtown Davao. The redevelopment will usher in a new era for this historic landmark, paving the way for a modern, mixed-use destination that supports the city’s continued growth and revitalization while honoring its history and heritage.
The Aldevinco Shopping Center, launched in 1965, was one of Davao City’s earliest commercial hubs. In over five decades, it transitioned from a vibrant marketplace for local traders to a cultural icon showcasing Mindanao’s rich heritage through textiles, antiques, and handicrafts. Though it ceased operations in December 2021, its legacy continues through Poblacion Market Central, where many original tenants still carry forward the spirit of culture, creativity, and commerce.
Preparing the historic site for the future
The redeveloped property is envisioned to become a flagship mixed-use development that reflects Alsons Dev’s vision for vibrant, sustainable, and people-centric spaces.
The transformation will begin with the demolition of the buildings on the premises, a necessary step due to the structure’s age and safety considerations. The work will be carried out in sections to minimize disruption and ensure the safety of pedestrians, workers, and nearby establishments. The company is also working closely with the Office of the City Building Official (OCBO) and other relevant government agencies to ensure full compliance with local regulations.
While long-term plans are being finalized, Alsons Dev will temporarily use the 5,106-square-meter site as a paid parking facility by Q2 2026. The interim space will feature designated areas for food trucks and carts, offering convenience and new opportunities for small businesses while keeping the property active and vibrant in the heart of the city.
Looking ahead
As Aldevinco enters a new chapter, Alsons Dev reaffirms its dedication to thoughtful and sustainable development that contributes to the vitality of Davao’s urban landscape.
“Our vision is to build developments that balance heritage and progress, ensuring that every project we undertake supports the city’s growth. As a homegrown developer, we take pride in helping shape Davao’s evolving environment,” said Miguel A. Dominguez, president and CEO of Alsons Dev.
The company will continue to provide regular updates to keep the community informed throughout the redevelopment process. For more information, visit the Alsons Dev Official Facebook page.
