The mixed-use development to be called South Park District will rise on the former site of a Nestlé factory and contain seven residential towers, a shopping mall and office buildings.
South Park District will be developed by Ayala Land’s unit Avida Land Corp., which focuses on the affordable segment. This will be Avida Land’s first mixed-use development.
Ayala Land president Antonino Aquino said the P12-billion investment will be spent over a 10-year period, with the bulk of the amount to be made in the initial phase of the project, which would include a two-tower condominium building, a mall and an office building.
The twin-tower building called Avida Towers Altura will contain 1,054 units. The first tower will have 433 units consisting of studio, one-bedroom and two-bedroom units with prices ranging from P1.8 million to P6 million. The building will be ready for turnover by 2016.
Six more residential towers are expected to be launched over a 10-year development plan.
Avida Land plans to attract professionals, young businessmen and Filipino workers overseas in the south of Metro Manila to invest in the project.
It said aside from the residential towers, the project would contain a regional mall to be jointly developed by Ayala Land and Store Specialists Inc. of the Rustans group. On top of the mall will be a 19-story office building that will cater to business process outsourcing companies.
The mall will have 40,000 square meters of leasable space while the BPO office building will have 21,000 square meters of leasable area. The mall is scheduled to open by 2015.
For more details on Avida Towers Altura ,
you may contact Reby Ramirez: 0922.883.9308 / 0916.4044.555 / 0919699.3572 or reby_ramirez@yahoo.com.
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