Megaworld Corp., the flagship property developer of taipan Andrew Tan, is ramping up its presence in Negros Occidental.
Megaworld, a major builder of mixed-use communities in the country, announced it would build a commercial town center on the Bacolod side of its 53-hectare Northill Gateway township.
Construction will start early next year and is expected to be completed by early 2018.
The Northhill Town Center will occupy around 7.5 hectares. Megaworld described it as a sprawling horizontal commercial development composed mostly of stand-alone two-story structures of retail shops, dining establishments and landscaped parks.
The town center, which will be accessible along the Bacolod-Silay Airport Access Road, will also have a central plaza, an events venue, a supermarket, and wellness and sports facilities.
“The Northill Town Center will certainly become a destination not just for tourists and visitors of the province, but also for Negrenses who want to unwind and relax from the busy city life,” Kevin L. Tan, senior vice president and head of Megaworld Lifestyle Malls, said in the statement.
Refreshing take
“This development will be a refreshing take on the brand of ‘lifestyle mall’ Megaworld is offering in its various townships that is now accessible to the people of Negros Occidental,” he added.
The builder said that a third of the entire commercial development would be devoted to “green and open spaces.”
It will also have a central plaza with unique water features as well as a chapel.
Northill Gateway is a joint township development of Megaworld and its wholly-owned subsidiary Suntrust Properties Inc., in partnership with the Lacson family.
Megaworld is also building Forbes Hill, an upscale residential village within the complex, while Suntrust is building Fountain Grove, another themed residential community.
Last year, Megaworld announced it was investing P35 billion in the next 10 years to develop Northill Gateway and The Upper East, another upcoming township near the city center of Bacolod.