Pueblo de Oro Development Corp., the property development arm of the ICCP Group, began the construction of commercial centers in its residential communities to improve the access of residents to daily essentials.
“Due to the COVID-19 pandemic, people are looking for more accessible retail centers that are less dense, with open air design rather than big box malls with high population,” said PDO president and chief operating officer Prim Nolido.
Nolido said the construction of commercial strips started within their projects in Cebu province and Cagayan de Oro City. A similar setup is being planned for residential developments in Pampanga and Batangas.
PDO broke ground for Pueblo de Oro Townsquare, a three-level commercial strip at Sitio Judas Belt, Babag II, Lapu-Lapu City in October. It is located within the Pueblo de Oro Cebu Communities, which houses the La Aldea Del Mar and Park Place residential subdivisions.
Pueblo de Oro Townsquare will have six retail units, with sizes ranging from 13.78 to 51.70 square meters and one anchor store with a size of 214.61 square meters. The group is targeting a convenience store or pharmacy as their major tenant with the other units to be leased to smaller retailers such as bakeries, meatshops, water stations and other stores that cater to the needs of the community. Construction cost is estimated at P32 million.
A second three-floor commercial building is being planned for 2023. It will have 15 retail units, with total leasable area of over 500 square meters.
PDO held the groundbreaking rites for The Hub at Bamboo Lane, its commercial center in Cagayan de Oro in September. The Hub is strategically located at the junction of San Agustin Ave. and PN Roa Sr. Ave. within the valley portion of the Pueblo de Oro Township.
The P80-million commercial building will have an anchor grocery tenant on the ground floor with al fresco dining and 22 commercial and office spaces ranging from 21 to 57 square meters on the second and third floors. Features include restrooms in every floor and ample car and motorcycle parking slots.
The Hub gives residents in villages such as Bamboo Lane, Familia Apartments, Forest View Homes, San Agustin Valley Homes, Westwoods and other nearby communities the convenience of immediate access to daily needs.
Pueblo de Oro Townsquare Building A and The Hub in Bamboo Lane are both scheduled for completion next year.