April 25,2013 12:28 AM
By: Maricyn A. De los Santos
Recognizing the potential of Iloilo City as the “next big thing” in the region and in the country, the Ayala Land, Inc. is pouring a total of P15-billion investments in Iloilo City.
In a press conference and launching of Ayala Land’s Atria Park District held yesterday at the Smallville 21 Hotel in Mandurriao, Ayala Land President and Chief Executive Officer Tony Aquino said the real-estate firm’s confidence in Iloilo which was once called the “Queen City of the South” stemmed from different positive developments.
These developments, he noted, are the “very nice international airport, very nice road system, infrastructures here are a lot better than other cities in the country, as well as the good management of the city’s Iloilo River.”
He also cited Iloilo’s thriving agriculture sector and different educational and medical institutions that makes the local economy more robust.
Aquino explained that Ayala’s project – the Atria Park District – will rise in a 21-hectare property in Mandurriao District. He noted that the area is very strategic and accessible to the BPO offices of the Iloilo-AyalaLand TechnoHub, schools like Ateneo de Iloilo and UP Visayas, churches, hospitals, the entertainment strip of Smallville, and hotels.
The community will include the residential development of the Avida Land, parks and landscaped areas, commercial and office establishments, an Ayala hotel, and institutional areas including UPMC Iloilo and a modern health care facility.
Aquino expressed his optimism that the major project will be successful because “it is based on the company’s tried and tested formula, the “live-work-play” concept incorporated in a masterplanned, mixed used community adapted in their notable communities in Makati, Cebu, Cagayan de Oro, Talisay City, among others.
The project is expected to bring about 10,000 jobs in Iloilo City.
Meanwhile, Chris Maglanoc, president of Avida Land Corp. said the first phase of the residential clusters of Atria Park District’s Avida Storeys Atria and Avida Towers Atria has a total of 509 units and will break ground on the third quarter of 2013.
The firm expects to complete the whole District by the year 2018.