CEBU LAND­MAS­TERS BULLISH WITH DAVAO

Sun.Star Davao - - THE YEARENDER - BY GILFORD A. DOQUILA / Reporter

Cebu Land­mas­ters, Inc. (CLI) is clearly bullish with Davao City as it ven­tures into mixed-use de­vel­op­ments here.

In part­ner­ship with Davao’s Villa-Abrille fam­ily and joint ven­tures from YHEST Realty & De­vel­op­ment Corp and YHES Inc., CLI launched two key land­mark projects: Davao Global Town­ship (DGT) and The Paragon Davao.

The 22-hectare DGT which will be lo­cated at the for­mer Matina Golf Club, which will be trans­formed into a cen­tral busi­ness dis­trict. DGT will fea­ture an of­fice tower, two res­i­den­tial tow­ers, re­tail build­ings, a Cine­plex hall, and a con­ven­tion cen­ter. Th­ese so­phis­ti­cated fa­cil­i­ties will yield a gross floor area of 93,000 square me­ters (sqm.) amount­ing to an es­ti­mated cost of P10 bil­lion and are set to be com­pleted by 2022. DGT with its strate­gic lo­ca­tion at the cen­ter of Davao City will also help im­prove busi­nesses around down­town area.

“We jointly en­vi­sion DGT to be the pre­mier busi­ness dis­trict of the city in a medium term. As the city con­tin­ues to progress, we also see great de­mand in at­tract­ing a very dy­namic mar­ket to en­joy our place,” CLI chair­man and CEO Jose Sober­ano III said in a state­ment.

Few me­ters away from DGT is The Paragon Davao. The mixe­duse fa­cil­ity by Cebu Land­mas­ters Inc. (CLI) in part­ner­ship with Davao Fi­lan­dia Realty Corp. and Yu­son Strate­gic Hold­ings Inc. un­der the joint ven­ture YHES Inc. The pro­ject is ex­pected to help pump eco­nomic ac­tiv­ity in Matina, Davao City.

The Paragon Davao will be de­vel­oped in two phases.

For the first phase they will be in­vest­ing P2.6 bil­lion for the con­struc­tion of a 26-storey res­i­den­tial tower, dubbed as One Paragon Place; a 263-room Ci­tadines Paragon Davao, which will be man­aged by The As­cott Lim­ited; The Paragon Davao Con­ven­tion Cen­ter; and The Paragon Davao Life­style Mall.

One Paragon Place will have 462 stu­dio units, 84 one-bed­room units, six two-bed­room units, and two three-bed­room units.The 19-storey ho­tel Ci­tadines Paragon Davao will have 263 units and 53 des­ig­nated base­ment park­ing slots.The Paragon Davao Con­ven­tion Cen­ter will have a gross floor area of 4,842 square me­ters (sqm), a 1,700sqm. grand ball­room, and 510sqm meet­ing rooms.

Mean­while. re­tail out­lets hav­ing a gross floor area of 7,931 sqm. will be lo­cates in The Paragon Davao Life­style Mall. The mall will also have food and bev­er­age out­lets with gross leasable area of 4,562 sqm. Al­fresco din­ing and ac­cess to con­ven­tion cen­ter will also be part of the life­style mall.

With DGT and The Paragon Davao, stay­ing in the city will def­i­nitely be de­light­ful ex­pe­ri­ence.

DAVAO GLOBAL TOWN­SHIP

Launch­ing of CLI and part­ner's projects in Davao City

CLI CHAIR­MAN AND CEO JOSE SOBER­ANO III

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.