<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="-6.10913" data-lng="106.74048" data-map-catchment-data-value="{&quot;lat&quot;:&quot;-6.10913&quot;,&quot;lng&quot;:&quot;106.74048&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:750000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;5 km Radius&quot;,&quot;description&quot;:&quot;Core area around the mall in Pantai Indah Kapuk, North Jakarta, targeting affluent residents&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;20 km Radius&quot;,&quot;description&quot;:&quot;Extended area including greater North Jakarta and surrounding suburbs&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;750,000 People&quot;,&quot;description&quot;:&quot;Estimated population within primary and secondary catchment, based on North Jakarta demographics&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.5&quot;,&quot;description&quot;:&quot;Annual growth rate for Jakarta metropolitan area, driven by urbanization&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;32 Years&quot;,&quot;description&quot;:&quot;Average age in affluent North Jakarta areas, slightly younger than national average&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.8 Persons&quot;,&quot;description&quot;:&quot;Typical household in urban Jakarta, based on BPS statistics&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;45.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education in PIK affluent demographic&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;15,000,000 IDR per month&quot;,&quot;description&quot;:&quot;Estimated for PIK residents, higher than Jakarta average due to wealthy area&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.5&quot;,&quot;description&quot;:&quot;Recent rate for DKI Jakarta, lower in affluent areas like PIK&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;48 Index (NY=100)&quot;,&quot;description&quot;:&quot;Jakarta&#39;s cost of living, elevated in luxury areas like PIK&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;8,500,000 IDR per year&quot;,&quot;description&quot;:&quot;Annual retail expenditure in Jakarta, adjusted for PIK&#39;s affluent consumers&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;2,200,000 IDR per year&quot;,&quot;description&quot;:&quot;Portion of retail spend on clothing and fashion in urban Indonesia&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;3,000,000 IDR per year&quot;,&quot;description&quot;:&quot;Grocery expenditure per capita, reflecting daily needs in Jakarta&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;1,800,000 IDR per year&quot;,&quot;description&quot;:&quot;Electronics spend, boosted by tech-savvy urban population&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;6,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated yearly visitors based on similar Jakarta malls and PIK&#39;s popularity&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;55 Minutes&quot;,&quot;description&quot;:&quot;Average time spent per visit, typical for lifestyle malls&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making purchases, standard for premium malls&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;15,000,000 IDR per year&quot;,&quot;description&quot;:&quot;Annual sales performance metric for Jakarta retail spaces&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;150 Stores&quot;,&quot;description&quot;:&quot;Approximate count from PIK Avenue directory and tenant listings&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Features anchors like department stores and major brands (e.g., Seibu influences)&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Medium Density&quot;,&quot;description&quot;:&quot;Several malls in North Jakarta like Mall of Indonesia nearby&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Diversity&quot;,&quot;description&quot;:&quot;Mix of fashion, F\u0026B, entertainment; international and local brands&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Specialty stores like ADLV, MLB, and wellness brands&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;30,300 sqm&quot;,&quot;description&quot;:&quot;Estimated GLA based on mall size and Jakarta retail reports&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;4 Levels&quot;,&quot;description&quot;:&quot;Including basement parking and upper retail floors&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;750,000 IDR per month&quot;,&quot;description&quot;:&quot;Prime rent rate in North Jakarta malls per Cushman \u0026 Wakefield&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;8.0&quot;,&quot;description&quot;:&quot;Current vacancy in secondary Jakarta retail, low due to demand&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Flexibility&quot;,&quot;description&quot;:&quot;Standard 3-5 year terms with some negotiation for premium tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;3,500 sqm&quot;,&quot;description&quot;:&quot;Estimated based on ongoing leasing in similar malls&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High Proximity&quot;,&quot;description&quot;:&quot;Direct access to Jakarta Airport Toll Road and PIK Boulevard&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Low Access&quot;,&quot;description&quot;:&quot;Limited; reliant on buses and ride-hailing, no direct MRT&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,200 Spaces&quot;,&quot;description&quot;:&quot;Ample parking including dedicated for motorcycles and hotel guests&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Medium Traffic&quot;,&quot;description&quot;:&quot;Good within PIK area, but car-dependent overall&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Competition&quot;,&quot;description&quot;:&quot;Strong from platforms like Shopee, Tokopedia in Indonesia&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;60.0&quot;,&quot;description&quot;:&quot;Adoption rate in urban malls, integrating with online retail&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;78.0&quot;,&quot;description&quot;:&quot;Penetration in Jakarta households, enabling digital trends&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Rate&quot;,&quot;description&quot;:&quot;Minimal incidents in secure malls like PIK Avenue&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;High Measures&quot;,&quot;description&quot;:&quot;CCTV, guards, and secure parking as per mall facilities&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Frequent Events&quot;,&quot;description&quot;:&quot;Regular like Wellfits Sports Week, Splashing Serenity&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Via ASRI Living app, connecting multiple malls&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Modern digital displays for promotions and navigation&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Expected increase with PIK2 development and tourism&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Active Pipeline&quot;,&quot;description&quot;:&quot;Ongoing additions like international brands&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Ongoing Plans&quot;,&quot;description&quot;:&quot;Part of PIK2 mega-development with new retail complexes&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[],&quot;secondary&quot;:[{&quot;id&quot;:4910,&quot;slug&quot;:&quot;pluit-village-mall&quot;,&quot;name&quot;:&quot;Pluit Village Mall&quot;,&quot;lat&quot;:&quot;-6.126335&quot;,&quot;lng&quot;:&quot;106.791283&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Pluit Village Mall, located at Jl. Pluit Indah Raya in Jakarta Utara, is a community-oriented shopping center established in 1996 with a gross floor area of approximately 86,691 square meters across multiple levels. Managed by Lippo Malls Indonesia Retail Trust, it serves as a key retail destination in the Pluit area, targeting local middle-income families and residents from surrounding neighborhoods. The tenant mix emphasizes everyday needs, with about 40% allocated to food and beverage outlets and groceries, anchored by Hypermart supermarket. Fashion, entertainment, and lifestyle stores occupy the remaining space, including brands like Matahari Department Store, various F\u0026B chains, and family entertainment options such as cinemas and play areas. Occupancy rates hover around 70-75%, aligning with Jakarta&#39;s overall retail market average of 74.7% in 2024, reflecting stable but competitive demand. Footfall is driven by local accessibility rather than tourism, benefiting from proximity to residential complexes in North Jakarta. Leasing advantages include flexible terms for small-to-medium retailers, with rent levels estimated at Rp 600,000-800,000 per sqm per month, below prime CBD rates of Rp 808,500. The mall&#39;s market position is solid in the suburban segment, supported by ongoing renovations to maintain appeal amid regional saturation. However, challenges include heavy traffic congestion affecting accessibility and competition from newer developments like Emporium Pluit Mall and PIK Avenue, which draw younger demographics with modern amenities. Operational quality is adequate, with standard parking and public transport links, though aging infrastructure requires periodic updates to sustain tenant retention and visitor satisfaction. Overall, it offers balanced opportunities for retailers focused on community-based sales in a densely populated urban fringe area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Matahari, Carrefour, Best Denki, Muji, Timezone&quot;,&quot;distance&quot;:5.93,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;17138&quot;,&quot;anchor_tenants&quot;:&quot;Matahari, Carrefour, Best Denki, Muji, Timezone&quot;}},{&quot;id&quot;:1445,&quot;slug&quot;:&quot;emporium-pluit-mall&quot;,&quot;name&quot;:&quot;Emporium Pluit Mall&quot;,&quot;lat&quot;:&quot;-6.127589&quot;,&quot;lng&quot;:&quot;106.790735&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Emporium Pluit Mall is a mid-sized shopping center in North Jakarta, Indonesia, spanning 61,243 square meters of gross leasable area across five retail floors and two basement levels, with three dedicated parking floors accommodating over 1,000 vehicles. Opened in January 2009 and developed by PT Pluit Propertindo, a subsidiary of Agung Podomoro Land, it forms part of a 10-hectare CBD Pluit superblock that integrates residential condominiums, offices, and a hotel, enhancing its role as a lifestyle hub. The tenant mix includes 250 stores, anchored by Sogo department store and a hypermarket (formerly Carrefour, now operating under similar formats), alongside Gramedia bookstore, XXI Cinema with multiple screens, Ace Hardware, and international F\u0026B outlets like Starbucks, J.CO, BreadTalk, Haidilao, and recent additions such as Foot Locker in 2025. Market position reflects a stable mid-tier retail asset in the growing North Jakarta submarket, where occupancy rates hover around 80-85 percent based on broader Jakarta retail reports from Cushman \u0026 Wakefield, supported by consistent footfall from local residents estimated at 5,000-7,000 daily visitors during weekdays, rising to 10,000-15,000 on weekends per industry benchmarks for similar properties. Rent levels range from IDR 800,000 to 1,500,000 per square meter annually for prime spaces, competitive within secondary malls but lower than premium centers like Grand Indonesia. Accessibility is strong via TransJakarta bus corridors 9 and 12 at Penjaringan halte, proximity to Jakarta Kota Station (about 5 km), and direct links to major roads like Jl. Pluit Selatan Raya, though heavy traffic congestion in the area poses challenges. Demographic profile targets middle-income families and young professionals, with the surrounding Pluit-Penjaringan area home to approximately 250,000 residents, median household income around IDR 10-15 million monthly, and a population density favoring convenience-driven shopping. Leasing advantages include flexible terms for mid-sized retailers, promotional support within the superblock ecosystem, and opportunities in expanding F\u0026B and lifestyle categories amid North Jakarta&#39;s urbanization. Drawbacks encompass competition from larger malls like Mall of Indonesia (15 km away) and e-commerce pressures reducing non-essential retail traffic, alongside potential infrastructure aging after 16 years of operation requiring ongoing maintenance investments. Overall, it offers balanced performance for tenants seeking localized exposure without premium costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour,Sogo, Grammedia, XXI Cinema, Ace Hardware&quot;,&quot;distance&quot;:5.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;61243&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour,Sogo, Grammedia, XXI Cinema, Ace Hardware&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:4053,&quot;slug&quot;:&quot;summarecon-mall-kelapa-gading&quot;,&quot;name&quot;:&quot;Summarecon Mall Kelapa Gading&quot;,&quot;lat&quot;:&quot;-6.157284&quot;,&quot;lng&quot;:&quot;106.908447&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Summarecon Mall Kelapa Gading is a major retail complex in North Jakarta, Indonesia, with a total area of approximately 208,000 square meters and gross leasable area of 133,000 square meters. Opened in phases since 1991, it serves as a key shopping and entertainment destination in the Kelapa Gading business district, integrated within the Summarecon township. The mall features a diverse tenant mix including fashion retailers like Tommy Hilfiger, Adidas, and ALDO; department stores such as Sogo; food and beverage outlets like A\u0026W, Chatime, and J.co Donuts; entertainment options including Fun World; and health and beauty services. With around 550 tenants, it caters to middle to upper-middle class families and professionals. Market position as a leader in Greater Jakarta benefits from strong occupancy at 91 percent in 2024, supported by annual footfall of 32 million visitors, up from 28 million in 2023. Leasing advantages include stable base rents at Rp 325,000 per square meter per month and turnover rents at Rp 111,000, reflecting robust sales performance in a market where premium malls maintain high occupancy near 90 percent amid overall Jakarta retail rates of 74 to 80 percent. Accessibility via Boulevard Barat Raya provides good connectivity to residential areas, though traffic congestion in North Jakarta poses challenges. The tenant mix emphasizes family-oriented retail, with strong F\u0026B and lifestyle categories driving performance, but faces risks from market saturation and competition from nearby centers like La Piazza and Mall of Indonesia.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Matahari, Transmart, Ace Hardware&quot;,&quot;distance&quot;:19.33,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;550&quot;,&quot;gla_sqm&quot;:&quot;150000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari, Transmart, Ace Hardware&quot;}},{&quot;id&quot;:1775,&quot;slug&quot;:&quot;mal-artha-gading&quot;,&quot;name&quot;:&quot;Mal Artha Gading&quot;,&quot;lat&quot;:&quot;-6.145576&quot;,&quot;lng&quot;:&quot;106.892239&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mal Artha Gading is a mid-tier shopping center in Kelapa Gading, North Jakarta, spanning 270,000 square meters with approximately 100,000 square meters of net lettable area. Opened in 2004, it features a unique architectural design inspired by the Silk Road, incorporating seven themed atriums representing Nusantara, China, India, Persia, Italy, Paris, and Millennium. The tenant mix includes over 400 outlets across diverse categories such as fashion (Matahari, Uniqlo, Giordano), electronics (Electronic City), beauty, F\u0026B, supermarket, entertainment (Cinema XXI, bowling, futsal), education, and toys, catering to everyday needs and family-oriented shopping. In the competitive North Jakarta retail market, it holds a moderate position with annual footfall of 12 million visitors and a 2.5-hour average dwell time, supported by 2,000 parking spaces and good public transit access via major roads and buses. The primary catchment area within 5 km encompasses 1.2 million residents, primarily middle-income households with median monthly income of IDR 12.5 million and average age of 30, including families and young professionals. Leasing advantages include flexible terms and average rents of IDR 500,000 per square meter monthly, which are competitive for mid-tier spaces amid Jakarta&#39;s overall retail stabilization at around 74-81% occupancy. However, challenges include aging infrastructure requiring potential maintenance and high competition from nearby premium malls like Summarecon Mall Kelapa Gading (91% occupancy) and Mall of Indonesia, alongside e-commerce pressures with 74% internet penetration in the area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Cinema XXI, ACE Hardware, Informa, Diamond Supermarket, Matahari Department Store&quot;,&quot;distance&quot;:17.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;330&quot;,&quot;gla_sqm&quot;:&quot;250000&quot;,&quot;anchor_tenants&quot;:&quot;Cinema XXI, ACE Hardware, Informa, Diamond Supermarket, Matahari Department Store&quot;}},{&quot;id&quot;:1776,&quot;slug&quot;:&quot;la-piazza&quot;,&quot;name&quot;:&quot;La Piazza&quot;,&quot;lat&quot;:&quot;-6.1585&quot;,&quot;lng&quot;:&quot;106.9082&quot;,&quot;property_type&quot;:&quot;Entertainment&quot;,&quot;description&quot;:&quot;La Piazza is a lifestyle center located in Sentra Kelapa Gading, North Jakarta, spanning 2 hectares of land with 20,000 square meters of built space. Opened in 2004 and renovated before reopening in May 2023, it integrates directly with Summarecon Mall Kelapa Gading, forming part of a larger commercial hub that includes Mall Kelapa Gading 1, 2, 3, and 5, as well as Gading Food City. The property emphasizes an open-air, semi-covered design focused on dining and entertainment, hosting over 60 tenants primarily in food and beverage categories, including restaurants, cafes, bars, lounges, karaoke facilities, a cinema, fitness center, and an international school. This tenant mix caters to casual leisure and social gatherings, complementing the adjacent malls retail offerings. In the context of Jakarta&#39;s retail market, where overall occupancy rates hovered around 74% in 2023 per Colliers reports, La Piazza benefits from its position in the affluent Kelapa Gading district, known for upper-middle-class families and young professionals. Footfall is driven by weekend events, music performances, and proximity to residential areas, with accessibility enhanced by LRT lines, TransJakarta bus routes, and ride-hailing services. Leasing advantages include flexible spaces for F\u0026B operators, lower entry barriers compared to enclosed malls, and synergy with high-traffic neighbors boosting spillover visitors. However, challenges include seasonal weather impacts on open areas and competition from nearby enclosed malls like Mall of Indonesia. Rent levels in similar North Jakarta lifestyle centers range from IDR 800,000 to 1,500,000 per square meter annually, influenced by location and tenant type, with operational quality maintained through recent upgrades. The areas demographic profile supports steady demand for experiential retail, though market saturation in F\u0026B requires strong differentiation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Celebrity Fitness, La Piazza XXI, Wall Street Institute, Surfer Girl, various restaurants and bars&quot;,&quot;distance&quot;:19.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;600&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Celebrity Fitness, La Piazza XXI, Wall Street Institute, Surfer Girl, various restaurants and bars&quot;}},{&quot;id&quot;:4056,&quot;slug&quot;:&quot;gafoy&quot;,&quot;name&quot;:&quot;Gafoy&quot;,&quot;lat&quot;:&quot;-6.178&quot;,&quot;lng&quot;:&quot;106.902&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;GAFOY is a 8,500 square meter semi-outdoor lifestyle and culinary hub integrated into the Summarecon Mall Kelapa Gading complex in Kelapa Gading, North Jakarta. Launched in March 2024, it hosts 22 tenants, predominantly food and beverage outlets including Osteria Gia, Fujin Ramen, and Mamitoko, emphasizing experiential dining and hangout spaces for families and young adults. The parent Summarecon Mall Kelapa Gading spans 150,000 square meters gross floor area with 112,000 square meters lettable, achieving 96% occupancy as reported in 2024 company data, and positions as a market leader among Greater Jakarta family malls. Tenant mix across the complex balances retail anchors, entertainment like cinemas, and diverse dining, catering to upper-middle-class demographics in the affluent township. Average rents hover at Rp 340,000 per square meter per month, aligning with middle-upper segment benchmarks in Jakarta&#39;s recovering retail market, where overall occupancy averages 90% per Colliers Q3 2025 report. Leasing advantages include high footfall from the established mall&#39;s draw, estimated in the millions annually, and enhanced connectivity via a July 2025 pedestrian bridge to the LRT Boulevard Utara Summarecon Mall station, boosting public transit access. Operational quality benefits from Summarecon Agung&#39;s management expertise, with pet-friendly features adding appeal. Challenges encompass intense competition from nearby venues like Mall of Indonesia, traffic congestion limiting drive-in traffic, and category saturation in F\u0026B, which may pressure non-unique retailers amid economic sensitivities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Osteria Gia, The RR Chocolate, Artirasa, Chanba, Fujin Izakaya&quot;,&quot;distance&quot;:19.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;8500&quot;,&quot;anchor_tenants&quot;:&quot;Osteria Gia, The RR Chocolate, Artirasa, Chanba, Fujin Izakaya&quot;}}]}" data-map-update-url-value="/malls/pik-avenue-1" id="mall-map-wrapper"><div data-city="Jakarta Utara" data-current-mall="true" data-id="pik-avenue-1" data-lat="-6.10913" data-lng="106.74048" data-map-target="mall" data-name="Pik Avenue" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5 km Radius</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">20 km Radius</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">750,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.5</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">15,000,000 IDR per month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">5.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">48 Index (NY=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">8,500,000 IDR per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">2,200,000 IDR per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">3,000,000 IDR per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">1,800,000 IDR per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">6,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">55 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">15,000,000 IDR per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">150 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Medium Density</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Diversity</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">30,300 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">4 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">750,000 IDR per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">8.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Proximity</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Low Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,200 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Medium Traffic</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">60.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">78.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low Rate</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">High Measures</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Frequent Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">40.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Active Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Ongoing Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>