ALI, Eton vow to spend P53 B for first phase of joint venture

Published January 18, 2018, 12:00 AM

by manilabulletin_admin

By James A. Loyola

Ayala Land, Inc. (ALI) and Eton Properties Philippines, Inc. (EPPI) is planning to spend P53 billion over the next 10 years for the first phase of their joint venture, the green urban estate called Parklinks.

Located in Pasig and Quezon City, the 35-hectare mixed-use estate is master planned to maximize access to parks and open spaces through a well-designed and managed walkway system.

“With 50 percent of the 35 hectares devoted to open spaces, Parklinks will provide what is sorely missing along the busy C5 corridor – an abundance of open space,” said ALI Senior Vice President and Strategic Landbank Management Group head Meean Dy.

A joint venture development through ALI Eton Property Development Corporation, Parklinks is a 50-50 partnership between Ayala Land, Inc. and Eton of LT Group, Inc.

“Parklinks, an exemplary urban design expression, is a living testament to Eton LT Group and ALI’s shared vision and commitment in providing sustainable excellent communities in urban centers to its valuable customers,” said EPPI Chief Operating Officer Jess Lucas.

The new residential and business hub will be anchored by a 58,000 sqm GLA regional mall that will be situated along the estate’s C5 frontage. The mall is set to perfectly balance nature with its retail, dining and entertainment offerings.

On top of the mall is a 3,500 sqm sports complex that will house a basketball court, volleyball court, badminton courts, fitness gym and dance studio to support and inspire an active lifestyle.

The development will introduce a new standard for waterfront living with ALI’s flagship residential brands.

Set to introduce 5 residential towers, Ayala Land Premier is expected to be the first luxury residential development along the C5 corridor. Alveo will likewise introduce 5 residential towers during its initial phase.

ALI and EPPI deem this development as their greenest urban development to date. The plan includes a 3-hectare central park located at the heart of the business district.

The esplanade, river park terraces, running and bike trails and riparian gardens designed to accentuate the riverside are intended to highlight the natural topography of the land, and will encourage the community to engage and appreciate the river system surrounding the development.

Another first, a 110-meter long and 25-meter wide iconic bridge is designed to link Quezon City and Pasig over the Marikina river. This will create a new route that will help ease vehicular traffic in the northeast and east of Metro Manila.

Parklinks will be accessible via C5, Amang Rodriguez Avenue and Ortigas Avenue. Plans also include additional linkages to the estate’s neighboring communities like Circulo Verde and Metropoli.