Filinvest expanding residential, office projects in Mimosa
FILINVEST Land, Inc. (FLI) is expanding its residential and office projects in Pampanga with its redevelopment of the 201-hectare Mimosa+ Leisure City.
The Gotianun-led property developer started working on the Mimosa+ Leisure City back in 2016, after the Filinvest Group was awarded the 50-year lease for its redevelopment and operation management. Its master plan now includes an office campus called WorkPlus, a residential complex called LodgePlus, hotel developments, an entertainment strip, and casino.
FLI will be building six mid-rise office towers for the 3.6-hectare WorkPlus complex, which will cater to business process outsourcing (BPO) firms, information technology, and knowledge-based companies looking to locate in the area. The first building, with a gross leasable area (GLA) of 8,409.55 square meters (sq.m.), has already been completed and is fully leased out.
The next five towers are scheduled to be completed by 2021, which will bring the total GLA in the WorkPlus complex to 101,123.55 sq.m. The company noted that it may adjust the timetable in advance depending on market demand.
Each of the buildings in WorkPlus will have one floor dedicated for retail outlets, with podium parking located in buildings 4-6. Buildings 1 & 2 will have surface parking areas.
FLI will also be developing residential units in the 2.74-hectare LodgePlus to accommodate the employees of BPO firms in Mimosa+ Leisure City. Located 450 meters away from WorkPlus, LodgePlus targets to minimize employees’ time for transportation and promote a work life balance.
LodgePlus will offer a total of 438 residential units and 119 parking slots across three buildings, which are set to be completed from the third quarter of 2019 until the first quarter of 2020.
The residential project offers studio type units covering 32.11 sq.m., which comes with single beds, bed bunks, mattresses, cabinets, table with chairs, a kitchen sink and faucet. Each room can accommodate up to six people.
LodgePlus commands lease rates of P5,000 for each bed space, P30,000 for an entire unit, and P750,000 for an entire floor with 25 units.
Amenities include a clubhouse, gazebos, and seating areas. The buildings will also have two elevators each, round-the-clock security, and standby emergency power, among others. The entire residential complex will have 119 parking slots.
Meanwhile, FLI will also develop the Mimosa Entertainment Quarter, which will consist of a lifestyle mall and convention center set to be completed in the third quarter of 2020 and fourth quarter of 2023, respectively.
FLI’s master plan works around the 25-year-old golf course which covers more than half of the entire Mimosa+ Leisure City development. Officials noted that the golf course is the largest in the country in terms of number of players, attracting up to 600 golfers per day on peak season.