Convenience of a CBD without city congestion
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Cwithity living without the usual stress that comes with an urban setting is what Alveo Land promises the launching of the final addition to The Veranda’s four-building midrise condominium development in Arca South.
“The Veranda appeals to a market looking for the convenience of a CBD (Central Business District) without the hassles of city congestion,” Alveo Land Senior Division Manager for Project Development Antonio Sanchez III said.
North Veranda, the final addition to the development, is being offered at an average price of R140,000 per sqm.
Sanchez said the project was launched ahead of time because of its connectivity and accessibility.
“We launched The Veranda in Arca South back in 2014 and it was supposedly a four-year pipeline for us, but after just two years of selling, we’re already ready to launch the final building,” he said. “We’re launching this building ahead of schedule and one of the key success factors, we think, is the big location story of the Arca South.”
North Veranda, which will be completed for turnover by fourth quarter of 2020, proves to be a cut above the rest as all of its units are facing prime views of plush gardens and parks.
The project houses 195 units, which include 29 to 30 sqm for studio room, 58 to75 sqm for one-bedroom, 81 to 96 sqm two-bedroom, and 120 to 147 sqm threebedroom unit. There will only be 15 units per floor in the 13- to 14-floor The Veranda to allow residents to have a breathable space.
West Veranda and South Veranda were launched in the fourth quarter of 2014, with an initial price of R130,000 per sqm. It was followed by the East Veranda in the third quarter of 2015, priced at R137,000 per sqm.
North Veranda will launch this September with an average price of R140,000 per sqm and a total sales value of R1.9 billion. Sanchez said that access to the estate will be further improved with the construction of the 5.57-hectare South Integrated Transport System (ITS) terminal, a multi-modal terminal with a centralized ticketing facility, passenger waiting areas, trip information displays, retail establishments, and a car park, which will rise beside Arca South.
The South ITS project was awarded earlier this year to the ARCA South Integrated Terminal Inc., a fully-owned Ayala Land company. He said that the Skyway and C5/ C6 connector project which will be inaugurated soon will provide another exit to Makati from the estate.
The Veranda also features a unique Aeroflux system, a combination of air (aero), fluidity (flux), and light (lux), which allows natural air and light to flow throughout the property to address the need for ventilation.
“The system works through The Veranda’s bifurcated tower plan, allowing air and light to circulate along hallways. A skylight atop each tower allows natural light in. Corridor windows allow crossventilation,” Alveo said in a statement.
Arca South is five kilometers away from the central business districts of BGC and Makati, and only 4.7 kilometers from NAIA Terminal 3.
The 74-hectare Arca South is also pedestrian-oriented, as it has wide sidewalks and dedicated bike lanes. Some 40 percent of the estate will also be connected through an integrated basement parking, which opens streets for pedestrians.
Arca South’s Phase 1 is an R80-billion investment that covers the development of Ayala Malls’ transit-oriented mall and lifestyle mall; the Arca South Corporate Center comprised of six BPO buildings, and Seda Hotel Arca South, and the district’s main thoroughfare, Arca Main Street.