Ayala Land Unveils P80-Billion Arca South Development

Arca South

Arca South development Image credit

April 22, 2014 – Ayala Land, Inc. (ALI) has embarked on an P80-billion master-planned project in Arca South, a 74- hectare central business district (CBD) strategically located near the southern ends of major thoroughfares EDSA and C5, and right along the South Luzon Expressway.  ALI’s investment will be phased over the next five years as the former FTI Complex is transformed from a collection of old warehouses into a mixed-use commercial development.  It will comprise of residential communities, retail centers, office buildings, other establishments such as a hotel and a hospital, as well as recreational green spaces.

Arca South is located about six kilometers from Makati CBD and Bonifacio Global City, both premier CBD developments are undertaken by ALI, and is expected to complement the business, living and recreational needs of these areas.

The name Arca South is derived from the word “arch,” a structure that typically indicates a welcoming entrance, as the development will serve as the gateway to the South.

“We envision Arca South to become an entrance to Metro Manila for those coming from the south – via SLEX from Alabang, NUVALI, Cavite or for those using the RORO [roll on – roll off] ships, even from as far South as Mindanao,” said Meean Dy, Ayala Land Vice President and Strategic Landbank Management Group Head.

Further improving accessibility is the government’s Southeast Intermodal Transport System (ITS) project, which is expected to accommodate an estimated 4,000 buses and 200,000 commuters a day.  The terminal will be a central station for all provincial buses carrying passengers to and from Laguna, Batangas, Quezon, and Bicol.

The Skyway and C5/C6 connector road project will provide access ramps to Arca South as well as separate ramps to the Southeast ITS. Meanwhile, the Ninoy Aquino International Airport is only a 10-minute drive from the development.

“As is typical for an Ayala Land development, the heart of the city will be a highly pedestrianized center,” added Ms. Dy.

Arca South will feature three distinct retail areas. It will have its own version of Bonifacio High Street, an open green space flanked by retail developments on both sides.  This lifestyle mall will feature upscale fashion stores, specialty retail and select dining establishments integrated with a lushly landscaped park. It will also have a transit-oriented mall linked to the Southeast ITS to serve commuters.  For a complete shopping experience, Arca South will open a regional mall with 150,000 sqm of leasable space offering diverse shopping, dining and entertainment choices.

Read more here: http://business.inquirer.net/170052/ayala-land-to-invest-p80-billion-for-arca-south

ALI to complete Ayala Center facelift by Year End

Property giant Ayala Land Inc. (ALI) is set to complete the first phase of the P28.5-billion redevelopment of its crown jewel, the Ayala Center, by December this year, in line with its goal to convert Makati City into a premier regional center in Southeast Asia.

In a briefing yesterday, ALI president and chief executive Antonino T. Aquino said the Ayala Center facelift is the group’s most ambitious program and biggest investment in a singular area to date.

The first phase will bring to the market 214 new retail outlets with a gross floor area of 54,000 square meters and two office buildings with a GFA of 50,000 sqm, new residential towers and three new hotels – Holiday Inn & Suites, Fairmont Makati, and Raffles Makati – offering a total of 660 additional rooms.

Aquino said the project ensures the transformation of Ayala Center into Makati’s cosmopolitan lifestyle hotspot with a captive market.

“This is consistent with ALI’s thrust of continually developing large-scale, mixed-use urban hubs in the country. As we pursue our growth strategy with the development of other business districts in Metro Manila and across the country, we will continue to enhance Makati so it maintains its place as the premier destination in the Philippines,” Aquino said.

“Makati began the trend of master-planned communities in the Philippines over 50 years ago. It will remain a prime example of sustainable urbanization, and the main vehicle for transformation this year is the Ayala Center,” Aquino added.

Aquino said the reinvigorated Glorietta will offer three floors of retail, a new activity center, and two levels of basement parking when it opens its doors in December. The redevelopment cost was pegged at P3.1 billion.

Encouraged by brisk sales of the upscale Park Terraces, Ayala Land Premier will soon launch Garden Towers, a two-tower residential project slated for turnover to buyers in 2019.

Bobby Dy, head of ALI’s Residential Business Group, said the first tower will comprise 340 units with an average size of 140 square meters. Unit prices range from P10 million to P140 million.

Dy said the special units will be sold for P100 million to P140 million each or P175,000 per sqm.

The Park Terraces is now 84 percent sold since its launch in 2010. Its first tower will be turned over to residents in 2015 and the two other towers by 2016 and 2017.

Also to open in December are the 280-room Fairmont Hotel and the 32-room Raffles Makati All suite-hotel to cater to affluent business and leisure travelers. Both hotels, accessible from Makati Avenue, are the newest luxury accommodations to rise in the last two decades in Makati.

The two hotels will share a 30-story tower with Raffles Residences Makati which will occupy the 11th to the 30th floors.

By April 2013, the 348-room Holiday Inn and Suites Makati, one of the most recognized brands globally, will offer spacious guest rooms and comfortable workspaces for both business and leisure travelers.

The Ayala Center redevelopment forms part of the P60-billion five-year capital expenditure program for six distinct and complementary districts. The five other districts include Makati North (young and creative), Makati central business district (business), Ayala Triangle Gardens (urban oasis), Makati South (transport hub), and Sta.Ana (Makati’s entertainment district) covering a total of 70 hectares.

The Philippine Star
30 October 2012
By: Zinnia B. Dela Peña