Ayala Land, Inc. (ALI) and Eton Properties Philippines, Inc. (EPPI) are currently developing a 35-hectare urban estate in Pasig and Quezon City that will be connected by a bridge over the Marikina River, and anchored by a three-hectare central park. Parklinks is master-planned to promote easy access between residential and commercial spaces by way of an integrated park and walkway system. The bridge will have dedicated lanes for both bikers and pedestrians. Features include an esplanade, river park terraces, running and biking trails and riparian gardens. The joint venture company, ALI Eton Property Development Corporation, plans to infuse P53 billion in the next 10 years for the project’s initial development. This includes five residential towers in the next 10 years. It will be anchored by regional mall with a gross leasable area of 58,000 sqm. located along C5 road. On top of the mall, to complement its retail, dining and entertainment offerings, will be a 3,500 sqm sports complex.
HUB OF AGES. Ortigas & Company recently launched its newest development Ortigas East (formerly Frontera Verde) as a fully integrated mixed-use property. The P50-billion redevelopment, which kicked off at the start of the year, will be done in three phases. The company is investing P18 billion for the first phase, which will introduce office, residential, and retail components. “Ortigas East is designed to bring connected living in a progressive urban neighborhood,” said Ortigas & Company President and CEO Jaime E. Ysmael said. Ortigas & Company partnered with local and international consultants to bring forward its vision for Ortigas East. The developer worked with Callison RTKL for master planning and Langan for seismic analysis. The company also harnessed the expertise of Meralco, Manila Water, and DCCD Engineering to further prepare and enhance the features of the property. Ortigas & Company will be launching The Glaston Tower, a 34-storey office building targeting spaces fit for traditional offices and start-up businesses.
