Property developer Megaworld Corp. said Monday it is spending P28 billion over the next 10 years to build Bacolod City’s new central business district.
“The Upper East will be the city’s first master-planned mixed-use community that integrates the live-work-play components of an integrated urban township, the concept that Megaworld pioneered in the Philippines,” Rachelle Peñaflorida, vice president for sales and marketing of Megaworld Bacolod, said.
“Around 35 percent of the township will be dedicated to parks and open spaces. We are excited to build Bacolod’s new and modern central business and lifestyle district,” she said.
The 34-hectare The Upper East in the eastern district of the city, just a few blocks away from the Bacolod City Government Center, will be home to residential condominiums, malls and commercial centers, mixed-use buildings, state-of-the-art office towers, and hotels.
It will also have facilities such as a transport hub, a church, green and open parks and a central plaza with creative urban art installations.
The township will be highlighted by a 30-meter wide, six-lane Upper East Avenue, which stretches for around one kilometer, connecting Lopez Jaena Street to the Circumferential Road. Other roads inside the township will be at least 20 meters wide.
Centuries-old Acacia trees will adorn the various areas of the township, as Megaworld commits to preserve them to become part of the township’s unique character and design.
The entire township is also designed to be flood-free, utilizing underground cabling system for power and utility lines, LED and solar-powered streetlights, fiber optic technology, drip irrigation system for landscaping and water re-use facilities.
Among the first to be built in the township is a nine-story residential condominium development, the company’s first in Bacolod City.
The mid-rise residential development called One Regis offers units ranging from Studio (up to 37 square meters), one-bedroom (58 sqm) and two-bedroom (73 sqm). Some units will feature a ‘lanai’, an exclusive balcony that overlooks either the township’s landscape or the amenity deck’s pool and indoor park.
Residents can enjoy its first-class facilities such as its own swimming pool and kiddie pool, pool lounge and seating areas, fitness center, events hall, male and female shower rooms and a walk park.
“One Regis will be located right across the township plaza and beside the iconic Casa de Emperador. It will also be just a short walk away from the future mall development. Truly, it will be a perfect sanctuary for those wanting to live the township lifestyle that only Megaworld can offer in Bacolod City,” Peñaflorida said.
Located at the corner of Regis and Lexington Streets, One Regis will also have rows of commercial establishments at the ground floor, with their own separate access from the outside.