Shopping mall worth $250 million planned for Izmir

Construction on the mall, to cover a 54,000 square meter area, will start within the first quarter of 2009 and is expected to be finished by the end of 2010. With expectations of 12 million visitors annually, the project includes :
- a shopping center
- offices, houses
- cultural  areas
- cafes
- restaurant
- 2,600 vehicle parking lot
- 60,000 square meter leasable shopping center area
- 60,000 square meter area for residences and office blocks

The project is expected to provide employment for 5,000 people and is valued at nearly $250 million. The product is being a joint venture between Tekfen-OZ Real Estate Development Co. Inc and Rnaissance Construction