Malls · Turkey
Profilo Shopping Center
Profilo Mall opened 1998, sold to İşbank 2021, closed/demolished 2024 for housing. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile3 elements · what this retrofit is built with · tap a chip for the evidence
Sold since 2020
This site: 2021 İşbank research-deals · all sites with thisRedeveloped
This site: …housing project extraction · all sites with thisHousing
This site: …housing project extraction · all sites with thisNow
| Status | Demolishedextracted, unreviewed |
|---|---|
| Strategy | Redevelopedextracted, unreviewed |
| New uses | housingextracted, unreviewed reported |
| What is there now | housing projectextracted, unreviewed |
| Retrofit year | 2024extracted, unreviewed reported |
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2021 | Sold | — | İşbank | Wikipedia |
Site context
| Other atlas sites nearby | 1 within 10 km, 1 within 25 km: Çiçek Pasajı (4.5 km)computed |
|---|---|
| Attention: Wikipedia page views | 9,050 since 2015; 672 in the last 12 months (+11% vs the prior 12); peak 2015-07 with 227Wikimedia |
Summary, model-written
Profilo Shopping Center opened in 1998 after construction began in 1995 and was later expanded to 28.91 acres. In 2021 the property was sold to İşbank, and the mall closed and was demolished in 2024 to make way for a housing project.
Why. not stated in the record
Where it stands. The site is currently demolished and was controlled by İşbank, which owned the property from 2021 to 2024.
For a planner
- Precedent: redevelopment of a former mall to housing use.
- Policy tools observed: sale to a bank followed by demolition approval for new housing.
- Open questions: what zoning changes or incentives facilitated the housing conversion?
- Open questions: any required environmental or infrastructure upgrades before construction?
For a developer
- Site size: 28.91 acres (approx. 117,000 m²).
- Control: owned by İşbank during the 2021‑2024 period; current control unclear after demolition.
- Entitlement stage: strategy marked as 'redevelop' with new use 'housing' and retrofit year 2024.
- Constraints: no flood, transit, or environmental context layers provided in the record.
- Market signals: no tract‑level data or demand indicators included.
What we do not know yet
- Exact post‑demolition ownership or controlling entity is not specified.
- No information on anchor tenant loss, competition, or debt that may have driven closure.
- Missing context layers (flood risk, transit access, environmental constraints) needed for feasibility analysis.
- No market or demographic data from the surrounding tract to gauge housing demand.
- Data origins are all marked as extraction; verification status is 'draft', indicating thin data quality.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- Eastfield Mall, Springfield, MA · Malls · similar size (34 acres); closed 2023; same strategy: redevelop
- Winter Park Mall, Winter Park, FL · Malls · similar size (40 acres); opened 1999; same strategy: redevelop
- Four Seasons Mall, Plymouth, MN · Malls · similar size (22 acres); same strategy: redevelop
- Tri-State Mall, Claymont, DE · Malls · similar size (41 acres); same strategy: redevelop
Elsewhere on the web
Pages with photos
- Profilo Shopping Center visitingistanbul.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
History and original facts
| Opened | 1998extracted, unreviewed |
|---|---|
| Closed | 2024extracted, unreviewed |
| Acres | 28.9extracted, unreviewed |
| Notes | Wikipedia categories: Defunct shopping malls in Turkey |
Not yet recorded: GLA, original developer. Know it? Tell us.
Background
Profilo Shopping Center, was a shopping mall at Mecidiyeköy district in Istanbul. The construction of the mall began in 1995 and it was opened in 1998. Initially the site covered an area of 18.53 acres (75,000 m2), later, it was expanded to 28.91 acres (117,000 m2). PAM was sold to İşbank in 2021, and it was closed in 2024. The mall was demolished in the same year for a housing project.
Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.
Timeline
- 1995 construction began
- 1998 opened
- 2021 sold to İşbank
- 2024 closed
- 2024 demolished
Sources
- Wikipedia: Profilo Shopping Center · supports: acres, after notes, status, strategy, year closed, year opened
11 quoted sentences
it was opened in 1998
it was closed in 2024
later, it was expanded to 28.91 acres (117,000 m2)
The mall was demolished in the same year for a housing project