I think (hope) that it will be good for the area
I believe it is due to take another 3 or 4 months. new rents will be even more insanely high than the ones which caused the place to turn into a ghost town after they doubled in 2014. Rumour has it the police shut down the illegal gambling room sand want the junkies out so it is being redevloped
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30 January 2018
The renovation of Golden Sorya Mall, the semi-open air plaza on Phnom Penh’s Street 51 known for its seedy atmosphere, has split nearby businesses into two camps: those who praise the potential to draw a classier clientele, and those who lament the loss of the regular patrons.
Golden Sorya Mall (GSM) was a giant metal structure established in 2009 that housed more than 100 stalls, bars and restaurants. Located near popular clubs and bars such as Heart of Darkness and Pontoon, the northern section of the mall became known for its outsized presence of drug users, sex workers and their clients.
That will all change after the renovation is completed, GSM investor Van Sou Ieng told The Post in November, noting the “expectations are that tenants will benefit from more affluent consumers”. A placard posted outside the renovation yesterday showed a sign labelling the new space “PP Pub Street”.
Sou Ieng’s hopes of attracting more upscale customers was shared by several nearby business owners, who also said they expected to benefit from the changes. Tony Akdeniz, owner of the nearby Mr Mediterranean restaurant, said he was grateful for the GSM renovations and for the overall improvements he had seen in the 10 months since he opened his business.
Akdeniz added that he had been told by officials in charge of the renovation that the new project was set to open in April, slightly after Khmer New Year. Sou Ieng declined to comment on the renovations yesterday.
But a decrease in prostitution and drugs could have a negative impact on some of the businesses in the area, which have come to rely on the patrons drawn to the seedier side of GSM.
“We’ve lost about 10 percent of our customers here since the renovations began,” said Noum Sochet, a receptionist at the New Castle Guesthouse and Bar. “Before, we had a lot more sex workers coming here, and a lot more drug users – and some of the patrons come here for this.” ...
http://www.phnompenhpost.com/business/l ... s-facelift
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Entertainment zone profitable, but has to be regulated / moderated.
Middle-class more palatable.
Not if there's a fire, not even if you hear the sound of a thud from my home and one week later there's a smell coming from there that can only be a decaying human body and you have to hold a hanky to your face because the stench is so thick that you think you're going to faint.
Even then, don't come knocking...Not for ANY reason.
I am sure the owner of New Castle guesthouse is very happy with this quote being in the national newspapaersaid Noum Sochet, a receptionist at the New Castle Guesthouse and Bar. “Before, we had a lot more sex workers coming here, and a lot more drug users – and some of the patrons come here for this.” ...
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