SUMMARY
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MANILA, Philippines – Megaworld Corp., the property arm of tycoon Andrew Tan, on Wednesday, April 3, launched Township, a 15-hectare mixed-use development in the property firm’s Uptown Bonifacio project in Taguig City.
Megaworld, the biggest landholder in Bonifacio Global City (BGC), will invest P65 billion in the project, according to Noli Hernandez, senior vice president for sales and marketing. The amount will be spent in phases over 10 years.
The components of the Township project include:
Uptown Ritz is Megaworld’s first ultra-luxurious, all-suites, 45-storey condominium project. It will have a “all-suites” residential building with 3- and 4-bedroom units on the penthouse floors.
It will feature boutiques on the ground floor and two amenity decks on the 7th floor. It will be completed by June 2017. The project is now 65% sold.
One Uptown Residence is a 45-storey residential building with eco-friendly features such as green walls, sky gardens and 20-meter, man-made waterfall.
It will be completed by July 2016. The project is now 100% sold.
Uptown Place Mall is an upscale mall that will have 5 storeys and 6 basement floors, serving both retail and office areas.
It will have over 47,000 square meters of total floor area, almost 20,000 square meters of lot area and more than 36,000 square meters of total leasable area. It will open in 2016.
Commercial offices
There will be 5 office buildings ranging between 15 to 30 storeys high. One of them is the 25-storey Alliance Global Tower, which will be the future headquarters of Andrew Tan’s holding firm, Alliance Global Group Inc. The tower will be completed in 2016.
Hernandez said the masterplan for Uptown Bonifacio is “work in progress.” Aside from the components of the Township project, more towers will be built in the in the area.
Uptown Bonifacio is being positioned as the next central business district (CBD) in Bonifacio Global City. Megaworld is also developing McKinley Hill, Forbestown and McKinley West — all in Bonifacio Global City.
Uptown Bonifacio is located in the northern district of Fort Bonifacio, extending all the way to Kalayaan Avenue. It is near the British, Japanese and American international schools.
Megaworld is also building heavily in Mactan Newtown, Cebu, and investing P20 billion into a township there. – Rappler.com
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