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Ayala Land Spreads Projects in QC

ayalaspreads1Massive 29-hectare Vertis North

Ayala Land Inc. (ALI)'s Php 65-billion, 29.1-hectare Vertis North project will be built near the Trinoma complex at the North Triangle, in Quezon City's latest central business district. Vertis North will be a mixed-use development with a broad range of offices, retail, hotel, and residential developments.

Phase 1, a Php 12 billion-investment, will mark the development of its office, retail, and hotel components within a 7-hectare land area; this is expected to be completed in the next three to four years. This initial phase will raise a total gross floor area of 220,000 square meters, while generating close to 200,000 jobs during its entire development phase, 35,000 of which will be filled during the development stage of Phase 1.

ayalaspreads3Vertis North is at the most accessible central business district, strategically located at the northern tip of Quezon City as it is the convergence point of commuter rail lines and three major road arteries, particularly EDSA, Mindanao Avenue, and North Avenue. It also serves as the gateway to the North given its connection to the North Luzon Expressway (NLEx).
 

ALI is mulling the possibility of building an integrated transport system (ITS) terminal at Vertis North, to be patterned after the Seoul Express Bus Terminal in Gangnam district.
 

Transportation Secretary Joseph Emilio Abaya said Ayala is likely to submit an unsolicited proposal for the ITS project to be built near the Trinoma mall. The Seoul Express Bus Terminal, located in Gangnam, is the main bus terminal in the South Korean capital. Passengers can buy tickets with designated seat numbers, while the departure and arrival of buses are synchronized. The bus terminal is also linked to the Seoul subway.
 

ALI's expansion of the UP-Ayala TechnoHub towards Central Avenue, will see the construction of three more office buildings catering to technology-based businesses. One of the buildings will house the expanded operations of Manulife, the other two are for lease.
 

Ayala Land also highlights its thrust towards building sustainable, eco-efficient developments by utilizing the latest in storm water management technology in Vertis North, and eventually in all its future urban development projects. "In Vertis North, as in all other Ayala Land developments, we make sure that we do not contribute to the problem further by actively reducing the occurrence of flooding," explains ALI President Antonino Aquino. "Ayala Land has a very high regard towards promoting urban sustainability, and one way to achieve this is through technologies and innovations that address environmental concerns for extended periods of time.”
 

Mixed-use plus heritage conservation at E. Rodriguez Avenue
Ayala Land is also set to develop the 6.7-hectare property along E. Rodriguez Avenue and near Jacinto Street into a residential-commercial community. It will have a 1.4 hectare Grand Lawn, flanked by residential towers on 2 hectares and a mall on the other side. The project is set to begin construction on March 2013.
 

Fairview Terraces is mixed-use development around parks
Soon to be completed is the Fairview Terraces, a project at the junction of Regalado Ave. and Quirino Highway. It is a 65,000 sqm Regional Mall and a 10,000 sqm BPO office component. The main anchor will be Puregold, and its concept will be similar to Greenbelt in Makati, where there is a huge area dedicated to parks, around which the commercial establishments will be put up.
 

ayalaspreads4UPTown is rising in Katipunan
An upcoming project is UP Town, along Katipunan Ave, which will be a low-rise commercial area with a BPO component. Phase1, which will be completed in 2013, will be dedicated to retail establishments. Phase 2 will be completed on the second quarter of 2014. The project will yield a gross leasable area of 66,680 sqm and 88,560 gross floor area. The project presents a good opportunity to service the needs of the students, office workers and residents in the immediate vicinity. It will have an academic support and cultural facility that will include an interactive park and an ampitheater. ALI won the bid for this P3-billion, 7.4-hectare UP-IS property development under a 25-year lease contract.
 

ayalaspreads2ALI will also begin constructing a high-end residential project in C5, which will be launched by the 2nd quarter of 2013. It is a 3-tower condominium, near the Amaia and Regalla Towers. These are in addition to Avida Towers, a 5-tower residential condominium in New Manila, Quezon City. Tower 5, which will be located right along Bonny Serrano, is a co-venture of ALI with Diamond Motor Corp. ALI will lease out commercial units for convenience stores, banks, laundry shops and similar consumer-oriented establishments at the front portion of Avida Towers. The Legacy at Montgomery Place, along E. Rodriguez Sr. Avenue, are single detached houses in a masterplanned community, with green architectural features.

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