Yusons, Cebu Landmasters to establish Davao CBD
A modern, state-of-the-art central district will soon rise from what used to be the Matina Golf Club in Davao City.
Yuson Newton Corp. & Yuson Strategic Holdings Inc. CEO Frederick Yuson revealed that his company has forged an agreement with Cebu Landmasters Inc. (CLI), Plaza De Luisa Development Inc., Davao Primeland Properties Corp., Davao Finlandia Realty Corp. to realize the site’s potential.
The golf club will be converted into Davao’s Central Business District (CBD) with the joint agreement among the stakeholders sealed and signed last Dec. 11, 2017.
The 17-hectare property, had been expanded to almost 20 hectares after CLI acquired the adjacent 2.2-hectare lot. Currently, the joint venture targets further land area expansion of up to 22 hectares and additional land acquisition.
“The property is the only one left of this size in the fast growing Matina area, Davao’s nest business district.” Yuson said.
According to the 5th-generation heirs of the Villa-Abrille clan, their family has more than a century of experience in land development, with projects like Sutherland (former Venue Event Centre) in JP Rizal, Matina IT Park, another Ramon Magsaysay Plaza De Luisa Hotel & Commercial Development and Dona Luisa Subdivision Phase 1 & 2 to name a few.
The CBD targets to have seven office buildings, four retail buildings (indoor mall, cineplex mall, standalone, retail podium), 29 residential condominium buildings, six townhouse-style building, one hotel, one convention center, one medical building, and a civic/community center.
The first phase of the development, which is targeted to start by the later part of 2019 and to finish by 2021, will consist of the office tower (50,000 ground floor area), retail complex (18,000 GFA), residential condominium (22,000 GFA), and civic community center components (3,000 GFA). Living up to its name as a future business district inspired after Cebu IT Park and the Bonifacio Global Center, business process outsourcing and IT parks are expected to be built in the project as well.