By James A. Loyola
Megaworld Corporation, the country’s leading developer of integrated urban townships, is ramping up the development of its 12.3-hectare Arcovia City township along C-5 in Pasig City which will cost P35 billion over 10 years.
In a disclosure to the Philippine Stock Exchange, the firm said it is now simultaneously constructing its first office tower, the 17-storey One Paseo, offering 23,000 square meters of leasable office spaces; and a lifestyle mall that has its own walk parks, viewing deck and leisure facilities.
The township’s centerpiece is the Arco de Emperador, a 62-feet high arch monument inspired by the Arco de la Victoria of Madrid and designed by Spanish sculptor Gines Serran Pagan.
The ground level of the monument will house a museum, which will become another major attraction of the township.
“Our vision for this new township is to inspire the young generation to persevere and work harder to attain their own successes and victories in life,” said Megaworld Senior vice President Kevin L. Tan.
He added that, “there is a deeper story embedded into this development, and we will tell that story through the installations and attractions around the township.”
Megaworld is growing 1,000 Narra trees around the township, which will serve as natural shades to the surroundings.
The township’s first residential development is the 37-storey 18 Avenue de Triomphe, which will have 576 residential units ranging from studio (up to 32.5 square meters); one-bedroom (up to 63 square meters); two-bedroom (up to 110.5 square meters); and three-bedroom (up to 154 square meters).
All units have their own balconies, overlooking Eastwood, Ortigas and Fort Bonifacio cityscapes as well as the Antipolo mountains.
Packed with amenities, the 18 Avenue de Triomphe features its own swimming pool, children’s playground, outdoor fitness park, game and entertainment room, fitness center, event hall, ourdoor lounge and a viewing deck, overlooking the various attractions of the township including the iconic Arco de Emperador.
The 18 Avenue de Triomphe will be completed in 2023. Total projected sales for this residential project is expected to reach P4 billion.