Top businessmen has forged with Cebu Landmasters to develop a mixed-use urban park and prime condo in IT Park. Another exciting development will come in Cebu’s prime tech estate.
Cebu’s IT Park estate has been filling up extensively and will soon have more buildings to construct. The largest remaining private property in the Cebu IT Park was recently acquired by a group of top Cebuano businessmen. The remaining 1.17 hectare patch in the most valuable address in Cebu is set to be transformed into a mixed-use urban park.
Cebu Landmasters is poised to be the main business entity to lead a group of businessmen in the development of El Camino projects. The Cebu home-grown real estate developer is known for building prior projects and landmarks such as Midori Residences in Mandaue City and Baseline Residences in Juana Osmena, Cebu City.
El Camino Developers
The project is a joint venture under El Camino Developers Cebu, Inc., an undertaking between Cebu Landmasters, Gothong Southern Properties, Acrissor Development Corp., and RKD Property Holdings Inc. with Cebu Landmasters as the lead developer.
This mixed-used urban park concept will highlight 3 main components: a high-rise Residential Condo, an Office Tower, and a Retail boulevard featuring a Central Park. The park is slated to become one of the imposing landmarks in the city.
The proposed development will have its master-plan drafted by Callison RTKL, the world’s top 3 architectural firm, and designed by Aidea, the Philippines top architectural practice. The biggest probability of the project to deliver a proudly Cebuano-led world-class standards is something to look forward to in a few years.
Cebu Landmasters ties with other businessmen for the new development in Cebu IT Park during a press conference.
To formally forge their partnership, Cebu Landmasters and the partner businessmen signed a joint-venture agreement in a press conference on October 17, 2016 at the Cebu City Marriott Hotel. The entire development was unveiled during the press conference. It enabled the public through the media and bloggers to catch a glimpse of what to expect in real estate development in Cebu.
As imparted during the press conference, Phase 1 of the urban park will consist of residential condominium featuring a singular high-rise tower that stands at 40 storeys. It will be the highest in the park and will boast of unparalleled 360 views of the city. The tower will have high-end features and amenities but will be offered at upper mid-market price. This is targeted for pre-selling by the first month of 2017 – just in time for the January festivities.
The retail boulevard will host restaurants and food outlets to complement the lifestyle of the park. These additions in Cebu IT Park will definitely be the next “go to” place of the area. The strip will also feature a mini Central Park with its own internal boulevard to maximize accessibility and walkability within the enclave.
Phase 2 will be a modern office tower to be announced on a later date.
Cebu Landmasters continues to bring more developments in Cebu, Visayas and Mindanao. And with this news, the prospects of real estate development in Cebu are getting brighter and brighter.