The boom of mixed-use developments in PH
Over the past few years, the way people live in urban areas has changed substantially due to consumer demand and the promise of convenience. More and more families and individuals are now willing to uproot from the city to seek more spacious, if more distant, places to live in, an aspiration that is fast influencing the real estate sector.
When it comes to investment properties, it seems that urban estate living is becoming more popular among prospective homeowners and business people.
The beauty of mixed-use developments
Mixed-use developments embody an idealized lifestyle that provides residents with a network of high-end infrastructure and amenities. Typically, property developers acquire large pieces of land to consolidate a well-planned mixed-use development as a community with all the amenities associated with a modern urban setting for working, living, studying, and playing.
To meet growing demand for this lifestyle, local property developers have been gradually expanding their portfolios in mixed-use developments around the country’s potential metropolitan areas.
Iloilo Business Park
Multiawarded Iloilo Business Park
Iloilo Business Park by Megaworld is a 72-hectare integrated urban township located in the busy area of Mandurriao. It is the newest commercial business district that combines business, tourism, commercial, and residential aspects in its features, which are necessary for a modern workplace to thrive in the 21st century. Strategically located in the heart of Iloilo City, the business park has established a reputation for being an educational hub while also producing well-trained employees.
The Iloilo Business Park has been recognized as the best township development for Asia at the Asian Property Awards in 2018, and the best township development in the Philippines at the Philippines Property Awards that same year.
Rockwell Center, Makati
The allure of Rockwell Makati
In 1995, Rockwell Land began developing a 15.5-hectare plot of land in Makati, which resulted in the construction of several residential buildings, including the Hidalgo Place, Rizal Tower, Amorsolo Square, and Luna Gardens. The masterplan included the rehabilitation of an unused thermal power plant into a luxury mall as an anchor to a thriving, self-sustained community. This early take on an upscale urban town square evolved into a community unlike any other and quickly became an investor’s paradise as a home accessible to the prime conveniences of the city.
Through this development, Rockwell Land, a part of the Lopez Group of Companies, proved its commitment to raising the bar for living spaces through communities that seamlessly integrate homes, office space, and leisure centers. Convenience is combined as well with Rockwell Land’s hallmarks of creativity, exclusivity, and unsurpassed quality in mind. Residents come from all over the world to live and enjoy the luxurious Rockwell lifestyle.
Cebu Park District
The value of Avida by Ayala Land
Ayala Land has always invested in prospective growth, enabling people to live in quiet but dynamic neighborhoods where raising a family is a community endeavor. The group has made its mark in Central Visayas with the Cebu Park District, which celebrates the Cebuano character and the city’s continued expansion as a key trade hub. The Cebu Park District combines the best that the Cebu I.T. Park and Ayala Land’s Cebu Business Park can offer, transforming the venture into a vibrant business and leisure destination.
The Cebu Park District’s modern-contemporary residential projects under the Avida brand was inspired by Ayala Land’s masterplanned communities in Metro Manila. It is set to become the country’s finest residential and corporate destination, giving Cebuanos the best in multicultural living and business opportunities.
Capitol Commons
The innovations of Capitol Commons
Capitol Commons, a 10-hectare mixed-use development located in Ortigas Center, Pasig City, targets young and upwardly mobile professionals. It is comprised of smart-living residences, office space, and commercial zones with upscale shopping and entertainment alternatives.
Tipped to become Pasig City’s next hotspot, Capitol Commons hosts a range of activities for families, youth, and guests who value a diverse urban environment. The Capitol Commons’ many elements have fostered the growth of a vibrant new community and paved the way for the next generation to plan, visualize, and reinvent their future.
Living the dream
Mixed-use developments are the future of home ownership in the Philippines. These developments are perfect for people who want to be able to afford their own place without moving too far from the workplace, and without giving up the leisure and conveniences offered by the city. The advantage of mixed-use developments is that they give residents the opportunity to live in an upscale community where they can sit back and enjoy watching their property investments quickly grow in value.
The author is the principal architect at Fulgar Architects, which is known for creating unique and extraordinary design specialties for various property ventures—from hotels, condominiums, museums, and commercial ventures to mixed-use township developments. Please visit www.ianfulgar.com
