49-story HQ-type condo dev’t on Ayala Avenue
ALVEO Land Inc. is transforming the former Jaka Tower into a new flagship office development that will set a new standard among the country’s premium-grade workspaces.
Ayala Land’s upmarket brand for innovative real estate solutions will be utilizing the foundation of the former Jaka Tower to construct its financial tower.
Alveo recently sold over P5.8 billion worth of premium-grade office spaces at the Alveo Financial Tower located at 6794 Ayala Avenue, an iconic business address. The tower is the only “for sale” office development on the country’s premium financial strip.
The Alveo Financial Tower will be a 49-story headquarter-type condominium development characterized by an Ayala Avenue address, a unique investment opportunity and an innovtive corporate design that enhances efficiency and productivity. These three highly coveted characteristics are sought by businesses in a premium office building.
The tower will be a major part of City Gate, Ayala Land’s P20-billion masterplanned corporate and retail development at the northern tip of Ayala Avenue. Spread over 2.2 hectares of prime land, City Gate will feature 81,000 square meters of leasable office space, 14,000 sqm of rental offerings and a 312-suite Seda-brand Ayala Hotel. It will have prominent open, green spaces for its landscape with elevated walkways leading to Ayala Center.
“Alveo Financial Center will be fitted with innovative features that will help businesses become more efficient and productive,” said Jennylle Tupaz, head of project development for Ayala Land. “An entire floor will be dedicated to a business center replete with conference rooms and large-format meeting facilities,” she elaborated.
Tupaz said three floors will be dedicated to specially curated retail spaces that will include a relaxed dining food hall and a separate executive dining lounge. The tower will be equipped with the latest in Radio Frequency Identification technology and will be certified in Leadership in Energy and Environmental Design, guaranteeing a premium end-user experience, according to her.
Alveo Financial Tower will have 48 floors plus a utility roof deck. It will feature a four-volume lobby having a ceiling height of 12.7 meters. Two main entrances open up to Ayala Avenue and Dela Rosa access road.
There are a total of 363 units, ranging from 108 to 148 sqm. They are distributed in 35 floors. Nineteen floors will be allocated to parking spaces.
Construction of the Jaka Tower started in 1996, making the structure less than a decade old.
Alveo commissioned top-certified structural and civil engineering Magnusson Klemencic Associates as well as prominent local engineering firm Sysquared + Associates to assess the structural integrity of thr former Jaka Tower. After three months of rigorous testing, both firms separately conclede that the building is structurally sound and fit for use.
Together with William V. Coscolluela & Associates, the architectural firm that consulted on the original structure and one of the country’s few LEED-certification-experienced firms, Alveo is committed to further adding a layer of innovation in terms of design and engineering to deliver the promise of an empowered and differented corporate experience.
“We are excited to contribute to and drive sustainability in architecture in the Philippines, and hopefully pave the way for other developers to follow a similar path of innovation and architectural reuse,” Tupaz said. Nielsen Tower’s transformation from an iconic airport terminal in the 1940s to Blackbird, an aviation themed fine-dining restaurant, exemplarize Ayala Land’s own success in sustainable architecture and adaptive reuse.
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