WAY TO COPE WITH TRAFFIC
A.Lim Development Inc. sees neighborhood integrated developments as the answer to congestion
FOLLOWING the success of its two developments, Insular Square and Design Center, homegrown developer A.Lim Development Inc. is planning to build another neighborhood integrated development in Mactan next year.
Although the project is still on the drawing board, A. Lim Development Inc. managing director Michael Lim said the company is developing a one-hectare neighborhood integrated type of development in Mactan to cater to the community and to the BPO employees in the ongoing Megaworld development.
“It will most likely be an Insular Square-like development that would serve as the everyday place for Cebuanos,” said Lim, referring to the 24/7 operation of the outlets inside the planned commercial building.
Lim said the company is keen on building neighborhood integrated developments, citing this as a trend in real estate because it aims to address traffic congestion and rapid urbanization.
“This type of development is the answer to the everyday requirements of the consumers. With the kind of traffic we have now, people would want to be in a place where they can skip from commuting to other places, to dine or do groceries,” he said.
Aside from the planned expansion in Mactan, the firm is also eyeing similar developments in Danao and Liloan.
A.Lim Development Inc. opened Insular Square in 2012 in a three-hectare property in Basak, Mandaue City. Shortly after, it opened specialty commercial strip Design Center on AS Fortuna St., which has 16 tenants.
Lim said the firm has yet to maximize the three-hectare property in Basak. The plan also includes building either BPO offices or condominium buildings. The firm is working on getting accreditation from the Philippine Economic Zone Authority.
“Of the three-hectare property, 1.2 hectares of that is already developed,” said Lim.
Recently, the firm completed building a five-storey tower within the Insular Square, occupied by a Japanese tenant that operates an English school.