MEGAWORLD Corp. is planning to develop a Makati-inspired business district in City of General Trias, Cavite.
In a statement, the property firm of tycoon Andrew L. Tan said it is establishing the Maple Grove Commercial District within its 140-hectare township in City of General Trias.
Maple Grove Commercial District, which covers 35 hectares, offers 365 commercial lots ranging from 360 to 1,008 square meters (sq.m.). Megaworld said it is targeting P9 billion in sales from the commercial lots.
“Within the Maple Grove Commercial District, we are creating sub-districts that lead to a six-lane main avenue. The entire development will be surrounded with green and leisure parks and the streets, composed of secondary and service roads, will be interconnected in a way that everything becomes accessible wherever you come from,” Rachelle Peñaflorida, Megaworld vice president for sales and marketing, was quoted as saying in a statement.
Megaworld said the Maple Grove Commercial District will have seven parks, including a “Central Park.” It added that some buildings in the commercial district will feature rooftop gardens, vertical and indoor gardens, as well as lawns.
“We will be integrating skygardens on the rooftops of most buildings to be constructed. Other sustainability and green initiatives that may be integrated by lot owners into their developments will also be welcomed as we strive to make Maple Grove a ‘green city in the south,’” Ms. Peñaflorida said.
Megaworld expects to complete Maple Grove Commercial District by 2022. Lot owners will have to construct their buildings within five years from turnover.
Last year, the property firm said it is pouring P10 billion for the development of Maple Grove township, located 45 minutes away from Makati and other business districts in the National Capital Region via Coastal Road and Manila-Cavite Expressway. The new township will have a mix of residential, retail, office and institutional components.
Maple Grove is Megaworld’s fourth project in the booming Cavite-Batangas corridor, where the company has over 2,000 hectares of land.
The property giant reported its nine-month attributable profit stood at P9.98 billion, 11% higher than the P8.98 billion it delivered in the same period in 2016. Consolidated revenues for the first nine months rose 5% to P37.1 billion, driven by higher rental income.
In a statement, the property firm of tycoon Andrew L. Tan said it is establishing the Maple Grove Commercial District within its 140-hectare township in City of General Trias.
Maple Grove Commercial District, which covers 35 hectares, offers 365 commercial lots ranging from 360 to 1,008 square meters (sq.m.). Megaworld said it is targeting P9 billion in sales from the commercial lots.
“Within the Maple Grove Commercial District, we are creating sub-districts that lead to a six-lane main avenue. The entire development will be surrounded with green and leisure parks and the streets, composed of secondary and service roads, will be interconnected in a way that everything becomes accessible wherever you come from,” Rachelle Peñaflorida, Megaworld vice president for sales and marketing, was quoted as saying in a statement.
Megaworld said the Maple Grove Commercial District will have seven parks, including a “Central Park.” It added that some buildings in the commercial district will feature rooftop gardens, vertical and indoor gardens, as well as lawns.
“We will be integrating skygardens on the rooftops of most buildings to be constructed. Other sustainability and green initiatives that may be integrated by lot owners into their developments will also be welcomed as we strive to make Maple Grove a ‘green city in the south,’” Ms. Peñaflorida said.
Megaworld expects to complete Maple Grove Commercial District by 2022. Lot owners will have to construct their buildings within five years from turnover.
Last year, the property firm said it is pouring P10 billion for the development of Maple Grove township, located 45 minutes away from Makati and other business districts in the National Capital Region via Coastal Road and Manila-Cavite Expressway. The new township will have a mix of residential, retail, office and institutional components.
Maple Grove is Megaworld’s fourth project in the booming Cavite-Batangas corridor, where the company has over 2,000 hectares of land.
The property giant reported its nine-month attributable profit stood at P9.98 billion, 11% higher than the P8.98 billion it delivered in the same period in 2016. Consolidated revenues for the first nine months rose 5% to P37.1 billion, driven by higher rental income.
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