John Aboud, the primary investor in the consortium that purchased Trincity Mall last week, says the goal is to upgrade the mall and develop the surrounding land to create a vibrant ecosystem.

The plan to develop Trincity Mall follows Xtra Foods’ intention to establish an Xtra Foods Plaza across the street.

Trincity Commercial Centre, which includes Trincity Mall, was sold for $505 million last week to a consortium of real estate developers—John Aboud, Anthony Rahael, and contractors Kallco and Fides Ltd.