DEERFIELD’S Town Square, the Dh700-million ($190-million) destination mall taking shape at the Al Bahiya district of Abu Dhabi, has achieved significant progress on the leasing and construction front and is on track for delivery in the fourth quarter of 2012, the developer MBI has announced.

With Jones Lang Lasalle on board as retail and leasing consultant, over 34 per cent of the project has already been leased to retail tenants.

Nearly 40 per cent of the mall’s 808,000-sq-ft gross leasable area has been assigned for retail, while 24 per cent is allocated for retail anchor, 18 per cent for entertainment, 14 per cent for food and beverage options, and four per cent for services outlets. The development is anticipated to receive a target footfall of 10 million visitors per annum.

More than 20 per cent of the overall construction has been achieved to date at the mall. While the basement is completed, slabs on the garden level have additionally witnessed considerable progress.

Nearly 50 per cent concrete cast is in place on the north side of the garden-level slab and 75 per cent concrete cast achieved on the south side. Meanwhile, a total of 47,000 out of 128,000 cu m of concrete has been poured and a total of 8,000 tonnes of 18,000 tonnes steel used.