Cebu to host SM-Ayala consortium project
Cebu City—Ayala Land recently unveiled District Square, a prime commercial development here within the scenic seaside South Coast City in South Road Properties (SRP).
The project reflects the company’s track record for developing integrated estates that are positioned to become catalysts of local economic growth.
Land bank, investment opportunities
“District Square is a unique opportunity to build or invest, given the combined investment plans of both ALI and SM in South Coast City, the infrastructure program in the area, and the progressive Cebu market where master-planned estates are hard to come by,” said Meean Dy, SVP and head of the Ayala Land estates group.
District Square offers commercial lots that present land bank opportunities to those who want to locate in South Coast City in the future. The lot sizes range from 1,777 to 2,601 sqm, ideal for offices, hotels, and other commercial uses.
South Coast City is located along the Cebu south coastal road and can be accessed via the CCLEX bridge (third Mactan Bridge) which is expected to be completed by 2022. Fronting the Cebu Strait, South Coast City enjoys waterside views and features.
A pedestrian road network is designed to link the main areas of the development and a 1.1-hectare civic park will be its centerpiece. A wide array of retail and entertainment concepts anchored by an arena and convention center are also planned for the area.
P90 billion in investments projected
Developed by the consortium of SM Prime Holdings, Ayala Land, Inc. and Cebu Holdings, Inc., the 26-hectare property in SRP broke ground in 2020.
It aims to boost the economic recovery efforts of the province by enhancing the offerings available to the region.
Ayala Land is expected to generate P90 billion in investments over the next 15 years for this project.
Source: Manila Standard