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May 16, 2013
Megaworld’s communities have always been regarded as some of the most well-planned, well-designed and well-developed in the country. Providing the very essence of “The Good Life,” Megaworld’s integrated townships provide not only the comfort and convenience that residents need but also additional perks that make living highly enjoyable as well. It is no wonder that Megaworld has earned the distinction of being the country’s largest residential condominium developer on top being the country’s top BPO office developer and landlord.
Eastwood City is the prime example of a highly successful mega-community that has made a huge mark in Philippine real estate development. A constant host to major concerts and mega-events, Eastwood City has become the favorite go-to place for fun-lovers and discriminating diners.
Considered the very first “live-work-play” community in the Philippines, the 18-hectare Eastwood City offers residents the total living experience that includes dining, shopping, attending special events, going to beauty and wellness establishments and enjoying other forms of entertainment. It currently houses 15 completed luxury residential condominium towers, seven ongoing residential projects, and nine high-end corporate buildings. It is home to around 20,000 residents and 103 office tenants and BPO offices.
Within Eastwood City is the CyberPark, the country’s very first IT park and the very first project to be granted special economic zone status by the Philippine Economic Zone Authority (PEZA). It was designed to respond to the growing demand for prime office space with facilities that can support extensive IT-based operations.
The Eastwood Mall, one of the more recent additions to the community, provides a complete shopping experience with four levels of commercial establishments within a modern setting. The mall’s Central Park is a wide open area with a botanical garden and a lagoon while the main Mall section has several upscale boutiques, specialty shops, a huge atrium, restaurants, and seven modern cinemas.
Eastwood Richmonde Hotel, in turn, is a 10-story hotel found at the 29th to the 38th floors of Eastwood Park, a mixed-use project combining residential condominiums and hotel rooms. The Richmonde Hotel has a total of 138 luxurious rooms and a complete line of facilities and amenities one expects from a first-class hotel: swimming pool, fitness center, business center, salon, spa, bar, and banquet facilities. More establishments can be found in the nearby mall.
The newest additions to Eastwood City, however, are One Eastwood Avenue and the Global One Center. One Eastwood Avenue is a modern two-tower residential condominium with a combined total of 97 stories. The condominium was designed to cater to young urban professionals and executives whose offices are in Eastwood City and nearby areas. The Global One Center, on the other hand, is the CyberPark’s newest business process outsourcing (BPO) office building with 21 stories, 16 office floors and a floor area of 32,000 square meters.
Eastwood City, although nearing completion, is still a work in progress and is envisioned to be a community of 22 high-rise residential towers with 8,087 condominium units. It will host more than 270,000 square meters of top-grade office buildings and 60,000 square meters of entertainment and retail space. Even prior to its completion, Eastwood City is already regarded as the top employer and dollar earner among all the 70 IT special economic zones in the Philippines.
Contact #s: 709-9888 or 709-0888
One important landmark that has emerged in Bonifacio Global City is Forbes Town Center, a sprawling five-hectare township project featuring 12 residential towers that will house a total of more than 3,552 units upon completion. Forbes Town Center is adjacent to the Manila Polo Club, the Manila Golf and Country Club, and Forbes Park. What makes the township even more special is the stunning half-kilometer-long view of the nearby golf course, something that no other condominium in the country currently offers.
Forbes Town Road within the Center is a high-end retail strip with 37 restaurants and shops that cater to the diverse needs of residents of the community’s three Bellagio towers, the six towers of Forbeswood Heights and the two towers of Forbeswood Parklane.
One of the posh residential towers in the Center is the Eight Forbes Town Road Golf View Residences, a modern 53-story edifice made of blue curtain glass and steel and which offers intimate views of the adjacent golf course. Eight Forbes Town Road offers 16 different amenities in its seventh-level pleasure zone—an infinity pool, landscaped roof gardens, an outdoor spa, a shallow pool with water jets, a reflexology path, a tai chi station, and a playground for children.
The newest addition to Forbes Town Center is Burgos Circle, a leisure destination that caters to the younger, trendier crowd. The Burgos Circle has establishments that allow young professionals to grab a quick lunch during weekdays or have breakfast before or after their call center shifts.
Contact #s: 901-5832
Among all of Megaworld’s development projects in Metro Manila, the 50-hectare McKinley Hill is by far the biggest. Situated in Fort Bonifacio, the emerging center of metropolitan business, McKinley Hill has over 4,713 condominium units in 34 residential condominium buildings, 482 residential lots, and close to 300,000 square meters of office space spread across 17 different offices.
Perfectly abiding by Megaworld’s “live-work-play-learn-shop” development concept, McKinley Hill offers a complete line of residential and office facilities and amenities with single detached homes, townhouses, a mid-rise condominium, high-rise luxury residences, BPO office buildings, a Venetian-themed mall, and an events venue, all of which are in various stages of development. McKinley Hill also plays host to the British, South Korean, and Qatar embassies.
The McKinley Hill CyberPark is the community’s very own PEZA-accredited ecozone. Soon after its launch, the CyberPark rolled out One World Square, the ecozone’s very first BPO building with 11 stories and a huge 28,900 square meters of office space. A record of sorts, One World Square achieved full occupancy, with tenants that include big-name companies, in less than two years.
Several other BPO offices followed suit, such as Two World Square and Three World Square which boast of the same scalable layout that made their predecessor a huge success. The 18 and 20 Upper McKinley Road buildings also offer BPO companies prime office spaces in two 10-story buildings that offer a total of 17,142 square meters of space. The 8 Park Avenue, in turn, is composed of two six-story towers each offering 10,800 meters of office space. With 8 Park Avenue, BPO companies are given the option to lease the whole structure thus easing the strain on their operating costs.
The 15-story Commerce and Industry Plaza, one of the bigger BPO hubs in McKinley Hill, features open-plan floors with uninterrupted office space of up to 2,000 square meters, perfect for multiple modular workspace layouts commonly found in BPO offices. The Philippine Chamber of Commerce and Industry (PCCI) has aptly set up its headquarters in the building.
The Venice is a residential project that captures its namesake’s romanticism and grandeur. The project’s main draw is the man-made Grand Canal, the first of its kind in the country, where residents and guests can enjoy rides in authentic gondolas steered by singing gondoliers while taking in the sights of reconstructed Venetian landmarks seen along the Canal’s waterway. Upon completion, The Venice will feature seven residential towers, each one resembling a fèrro – the gondola’s uniquely shaped iron head.
There are other residential projects in McKinley Hill, like the upscale McKinley Hill Village, the Spanish-Mediterranean-inspired McKinley Garden Villas, the Stamford Executive Residences, the Italian-themed Tuscany, and the affordable yet luxurious Woodridge Residences, which was designed for the more cost-conscious call center employees working in the area. The three-tower Morgan Suites Executive Residences, in turn, was designed for no-nonsense executives with its executive studios and one-bedroom units that are perfect for busy professionals.
There are three international schools in the community that effectively bring to life McKinley Hill’s “live-work-play-learn-shop” development concept. These are the Chinese International School of Manila, the first English-Mandarin bilingual school in the country; the hospitality management school of Enderun Colleges, which is supported by the world-renowned Les Roches Swiss Hotel Management; and the Korean International School, the first Korean school in the country.
Manhattan Garden City sits at the heart of Araneta Center in Cubao, the premier commercial center in Quezon City.
When Megaworld launched Manhattan Garden City in 2006, the company had in mind a residential project that would seamlessly integrate with the mass-transit system in the metropolis. Manhattan Garden City thus became the very first transit-oriented development in the country. It is also Megaworld’s contribution to the local government’s redevelopment plan for Araneta Center, the premier commercial center in Quezon City back in the 60s and 70s.
The 5.7-hectare Manhattan Garden City is located at the heart of Araneta Center and is considered the largest single residential development in the country with total units of about 9,000 upon completion. The 720-meter elevated garden walkway connects the complex’s 20 towers and is also considered a first in local real estate development. Providing more convenience to residents is the City’s direct link to the Light Rail Transit 2 and Metro Rail Transit 3 systems.
Manhattan Garden City is slowly nearing completion as construction remains on schedule. The first residential phase of the project, the three-tower Manhattan Parkway, has been sold out, as has the first tower of the much-awaited Manhattan Parkview Residences. Towers 2 and 3 of the project are also almost sold out. The construction of Manhattan Heights, the latest phase of Manhattan Garden City, is also underway. It will have four new towers with around 1,590 units.
The Manhattan Garden City is poised to help bring back the former glory of Araneta Center. Soon, the Center will once again be an important center of activity in the Quezon City area.
Megaworld launched Newport City in 2005 with a residential project called The Residential Resort. With the grand objective of putting the Philippines in the global tourism map, the 25-hectare Newport City was designed to fully integrate luxury residences with prime office spaces and a world-class entertainment complex. It is a P7.64-billion development project in Pasay City and is right across the bustling new Terminal 3 of the Ninoy Aquino International Airport (NAIA).
Aside from The Residential Resort, which is envisioned to house 16 medium-rise buildings with a total floor area of around 140,000 square meters, there are several ongoing residential projects in Newport City. One such project is The Palmtree Villas which will showcase four 10-story luxury condominium buildings made mostly of glass with bedroom units that offer a refreshing view of gardens and recreational facilities to residents and visitors. Upon completion of all its residential projects, Newport City will be offering a total of more than 4,000 world-class condominium units.
The Newport City Cyberpark, in turn, will mainly house BPO offices as well as cargo logistics services and airline-related businesses that require proximity to the airport. The very first locator at the Cyberpark is the Star Cruises Centre which hosts the offices of Megaworld affiliate Travellers International Hotel Group Inc. and Genting Hong Kong, formerly known as Star Cruises Ltd.
The centerpiece of Newport City, however, is Resorts World Manila, a 9-hectare project of AGI subsidiary Travellers International. Dubbed the “Leisure Capital” of the Philippines, Resorts World Manila features fine dining restaurants, a performing arts theater, a high-class shopping mall and three modern hotels: the five-star Marriott Hotel; the six-star all-suites Maxims Hotel, the first of its kind in the country; and the budget-class three-star Remington Hotel.
Newport City definitely boasts of world-class attractions and facilities and, as such, is envisioned to revive the ailing tourist industry in the country.
Contact #s: 836-6000 loc. 6194-6195
A breath of fresh air amid the crowded metropolis, Cityplace is currently the largest and most modern development project in Binondo in the past twenty years. Not only is it envisioned to bring back the former glory of old Manila, it also aims to enhance and modernize Chinatown’s aging landscape and create the “New Chinatown.”
The 2.5-hectare Cityplace will have 525 residential condominium units while offering entrepreneurs new and modern versions of traditional Chinese shophouses, where businessmen can put up new stores, restaurants and offices downstairs and live upstairs.
Cityplace will also showcase a world-class shopping center, a public car parking facility, and the 200-meter Chinatown Walk. New bypass roads will also be constructed for the convenience of commuters and motorists going to and from Cityplace.
As it stands, Cityplace is poised to be the newest and the most distinct landmark in Binondo.
Projects in Makati CBD and San Juan
Although Megaworld’s overall development strategy is to develop new and untapped locations in the metropolis and dressing them up to be future business centers and residential districts, the Company also pursues residential development projects in established locations like the Makati Central Business District (CBD) and San Juan.
For instance, Megaworld‘s ongoing projects in Makati City include the Greenbelt Chancellor, a 35-story condominium project and the company’s first pre-furnished condominium in the Greenbelt area; the Greenbelt Excelsior, a 35-story residential tower that follows a modernist architectural style; Three Central, a 50-story residential tower on Valero Street in Salcedo Village; and the 31-story Greenbelt Madison, located on Salcedo Street in Legaspi Village near Ayala Avenue.
Megaworld also has a project in San Juan, an old and proud city with a rich and noble heritage, aptly named Greenhills Heights, a low-density community with 215 stylish residential units. Greenhills Heights was designed for families who put a premium on privacy and peace of mind. The project is also strategically located near affluent schools in the area, an important factor for upscale families who want to provide quality education for their children.
Megaworld will also be investing at least P15.6 billion over the next 20 years to develop an 8.38-hectare property in the North Bonifacio Central District into a predominantly residential mixed-use complex with more than 500,000 square meters of gross floor area. The property is located in the northern district of Fort Bonifacio and is near the school zone where the British, Japanese and American international schools and various other local schools are located.
Similarly, Megaworld will be developing the huge, 34.5-hectare Jusmag property in Fort Bonifacio into a mixed-use complex at an estimated cost of at least P22 billion. Around 60 percent of the entire property will be used for developments, while the remaining 40 percent will be dedicated to wide open spaces, lush greenery, leisure amenities and access roads along Lawton Avenue.
The property, located at the back of Forbes Park, will also be developed over the next 20 years and will bring to more than 100 hectares the total development portfolio of Megaworld at the Bonifacio Global City, the upcoming premier central business district in the country.