President Hans Sy had previously disclosed that the site of the old Coca-Cola Plant along C.M. Recto Avenue cor. Pres. Osmeña Sts. will be developed into another SM mall. The mall would be called SM CDO Downtown Premier and be the second SM Mall in Cagayan de Oro. Construction of the mall started in March 2015. On March 15, 2017, tenant partners, retailers, food chains, service centers and merchants attended the tenant's preview of SM CDO Downtown Premier. On the same day, it was announced that the mall had an 85% occupancy rate. On May 11, the mall held a blessing, mass and ribbon cutting, headed by City Mayor Oscar Moreno and some City officials; Hans T. Sy, Felicidad Sy and Jeffrey Lim, SM Executives; and Archbishop Antonio Ledesma, SJ. Shops were opened on that day for the invited guests. On May 12, SM CDO Downtown Premier opened its doors to the public opening only four levels of the mall with an 87% occupancy rate. On the mall's opening day, SM Cinema only opened 2 regular cinemas, and a large-format cinema. On May 30, it finally opened the two Director's Club Cinemas and the two other regular cinemas, opening all of its 7 cinemas to moviegoers. On June 9, almost a month after the mall's opening, SM opened the fifth level of the mall, making all levels open to the public. The opening was attended by City Mayor Oscar Moreno, together with some city officials, as well as some SM officials. The fifth level consists of shops, homegrown restaurants, along with the Sky Garden and Sky Hall. The Sky Hall is still closed to the public. The first bowling center in Northern Mindanao opened on the 5th level as well nearly two years later on May 4, 2019. On October 17, 2018, the BPO tower is finally open for leasing.
Features
The five-storey mall features anchor stores like The SM Store with three levels of shopping space, SM Supermarket, SM Bowling, and SM Cinemas, with seven theaters. It has service centers, specialty stores and restaurants and indoor parking spaces. Underneath the mall is a rainwater catchment basin measuring 75 x 40 meters floor area and as high as 6 meters which can hold up to 13,650 cubic meters of water to reduce the risk of flooding. One of the mall's main attractions is the first-ever large-screen format theater in Mindanao, called Megascreen, equipped with a Christie 6P laser projection system that produces the brightest images and most accurate reproduction of colors from the actual movie set and uses Dolby Atmos Sound System on Christie Vive Speakers, along with two Director's Club theaters for extraordinary cinema comfort and four digital cinemas offering 2D and 3D technologies to movie-goers. The mall also features a bowling center, a food hall, a sky hall with 800 seats, an al fresco dining and entertainment Sky Garden, and a central architectural feature called "Glass Curtain" which brings much of the natural light into the mall structure, and reflects lights from incoming cars on the CM Recto and Osmeña roads. This creates an effect that lights are falling down to a water fountain below it, leading to the main entrance. DSGN Associates, an award-winning architectural firm based in Texas, United States, designed the mall.
CDO Downtown Tower
The BPO tower is located along Osmeña St. The tower is a 12-storey building with helipad and 8 levels of office spaces for BPO companies. The BPO tower is now open for leasing after its launch on October 17, 2018.
