I just thought that since this project is confirmed and there are movements on-going at its site at the West Superblock of BGC that this deserves its own thread already.. so post away...;)

EXPERIENCE a glimpse of the future...
http://i20.photobucket.com/albums/b210/ofngol/2008/101_0394x.jpg

Tumira na lang kasi kayo sa Makati mga BGC wannabes para hindi kayo hintay ng hintay magka-value yang area nyo.

^^ No need! It's already there - Makati pricing that is! :okay: :okay:


ALI President's Report (ALI Stockholders Meeting 2008)
http://img511.imageshack.us/img511/1620/bgcws0.jpg


^^ WooHoo so Exciting!!! Definitely looking forward to seeing the actual/final render of Shang's 6 Star Hotel / Residential Project as well as those for the unified PSE (Philippine Stock Exchange). :banana: :banana: :banana:

Tumira na lang kasi kayo sa Makati mga BGC wannabes para hindi kayo hintay ng hintay magka-value yang area nyo.

:rofl:

Tumira na lang kasi kayo sa Makati mga BGC wannabes para hindi kayo hintay ng hintay magka-value yang area nyo.

Bwahahaha...PEACE tol!.....cannot afford ka bang bumili ng condo sa BGC?:ohno:

Bwahahaha...PEACE tol!.....cannot afford ka bang bumili ng condo sa BGC?:ohno:

wag nyong patulan yan. mahilig yan manggulo sa lahat ng thread. :ohno: ewan ko ba baka :nuts: :lol:

Can anyone point out where exactly in the BGC map this will be in?

I think it will replace the Sports Kamp lot in the map.. or is it Shangri la...
Updated BGC map..
http://www.readyforoccupancy.com/BGC-004.jpg

try deciphering this...

Shang is in the superblock which is the continuation of hi street pedestrian park, PSE is on the same block on the other side pedestrian park
St. Regis is on the corner of Mckinley Parkway and 5th
Big Delta lot is RUMOURED to be won by Net trump.

Should get to see the fbdc guys in a few days lets see if they reveal anything interesting.

Can anyone point out where exactly in the BGC map this will be in?

^^ This is not official OK but if I understood it correctly the Shang lot is at 5th Ave. and 28th St. along Boni High Street extension which includes the Sports Kamp lot. If this info is indeed accurate then the unified PSE (which is suppose to be beside Shang and close to the Hyundai dealership) could very well be that lot across Shang's also at 5th Ave., and 28th St. (salmon colored lot with green patch on the map) which then leaves the rest (4 parcels beside the PSE) for the 1.2ha "Big Delta" recently bidded out. Atleast this is how I understood it from what I've read so far. Hopefully somebody in the know can actually confirm if such is indeed the case.

Shang is in the superblock which is the continuation of hi street pedestrian park, PSE is on the same block on the other side pedestrian park. ^^ Can we consider this official already Peter/Bustero? If so then both Shang and PSE will be on the super block inside the Boni High Street extension pala and the two separated by the park in the middle. And so it follows as Pau mentioned, the Sports Kamp lot will then be part of the PSE lot and not Shang pala. So that also means the 1.2ha "Big Delta" lot is comprised of all 5 lots (not just 4 pala). Ok hope this is now clarified and clear na. Thanks for the confirmation! :) :) :)


http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07250.jpg


ALI President's Report (ALI Stockholders Meeting 2008)
http://img511.imageshack.us/img511/1620/bgcws0.jpg

^ yeah i think that makes more sense.

^^ Can we consider this official already Peter/Bustero? If so then both Shang and PSE will be on the super block inside the Boni High Street extension pala and the two separated by the park in the middle. And so it follows as Pau mentioned, the Sports Kamp lot will then be part of the PSE lot and not Shang pala. So that also means the 1.2ha "Big Delta" lot is comprised of all 5 lots (not just 4 pala). Ok hope this is now clarified and clear na. Thanks for the confirmation! :) :) :)

Ganun ang nasa isip ko PSE and Shang will be seperated by a park extension of Boni high! :):):)
Tapos may delta pa sana mag-compliment yung tatlo(PSE,SHANG and DELTA LOT):):):)

Just browsed the bgc webiste. What do you know. The current MC depot and S and R is the new site for a mall called the North City Center. Is this the place for the proposed shangrila mall in bgc?
http://www.fbdcorp.com/image.php?id=323&type=2.1&.gif

^^ interesting! but hey, let's move this to the BGC thread :)

nope that is not the site of shang or the PSE...

Looks like it is now confirmed that the unified PSE will indeed be in the West Superblock of Boni High Street / City Center per this article below. Can't wait too see the rendering! WooHoo! :banana: :banana: :banana:

New buildings to fill strong demand for office space
in Bonifacio Global City
Manila Times

Seventeen new office buildings in different stages of construction and planning are expected to meet the robust demand for office space in Bonifacio Global City in the next three years. Once completed, the 17 edifices will make available about 340,000 sqm of leasable space, complementing the existing fully occupied 76,000 or so sqm spread in four office buildings and on the second floor of Bonifacio High Street.

An indication of the growing attractions of this premium business district, Bonifacio Global City will have total office leasable space of more than 400,000 square meters by 2010.

According to Jun Bisnar, head for commercial operations of Fort Bonifacio Development Corp. (FBDC), “The high demand for office space in Bonifacio Global City is due to the fact that the business district is considered the natural extension of the financial district in Makati. It is near most of the headquarters of the top 100 corporations. At the same time, it offers a refreshing work environment.”

He adds that because of BGC’s proximity to Makati CBD, there is a tendency to attract the same superior labor quality and worker profile. The premier business district further has several access points, which contributes to the smooth flow of traffic in the area.

The existing office buildings enjoying 100 percent occupancy rates are the FBDC-owned Bonifacio Technology Center and the Hong Kong and Shanghai Banking Corp. (HSBC) building, as well as the Net Group-owned Net One and Net Square structures.

Net Group has three more buildings being developed—the Net Cube, Net Quad and Net Plaza. Five other buildings which are under construction are the Chancery of Singapore, Fort Legend, Fort 26th, Total Corporate Center 1, and the HanJinPhil Philippine Headquarters.

An office building earmarked for BPO locators is also be developed by FBDC. Other office buildings that are in the pipeline are projects of Daiichi and ADVL Land Corp. Further, the corporate headquarters of the Philippine Stock Exchange (PSE)—what is likely to be the crown jewel of Bonifacio Global City—is set to rise in the City Center. The PSE headquarters will serve as a unified trading floor for brokers now doing business in Pasig and Makati.

Multinationals and large companies like JP Morgan, Deutsche Knowledge Systems, GE Money, GE Philippines, Transnational Diversified Group and several technology-based firms such as Intel Philippines, Ericsson Philippines and Tetra Pak Philippines, among others, have chosen Bonifacio Global City as their new corporate address.

Bonifacio Global City, located in the progressive City of Taguig, has also emerged as a favored location of business process outsourcing (BPO) companies, which have snapped up allocated office spaces in Market! Market! Only 2,700 sqm of spaces is available for lease in the shopping complex. “We foresee that these remaining units will be taken up within the next two months,” says Bisnar.

Another attraction of BGC to IT firms is the presence of a special economic zone offering fiscal incentives to the locators. PEZA-registered buildings in BGC include the Bonifacio Technology Center and the Net Group edifices. Bonifacio Technology Center counts among its tenants IT and BPO firms such as call center Ventus, software providers NEC Telecom Software and Data Horizon, hospitality service provider Nex C, and facility provider Hatchasia.com.

The healthy mix of office, residential, and commercial establishments along with measures taken by FBDC to preserve the green areas of BGC contribute to the place’s prominence as a premier business district where one can indulge in one’s passion for work and other interests.




Property developer to pay P2B for 1.2-ha Fort Boni lot
http://www.gmanews.tv/story/92053/Pr...-Fort-Boni-lot

Office space developer Net Group has offered P2.032 billion for a 1.2-hectare lot in Global City in Fort Bonifacio, state-owned Bases Conversion and Development Authority said Monday.

In a statement, BCDA said its board approved the Net Group's bid to acquire the property through a resolution passed last Tuesday, April 23.

BCDA president Narciso Abaya said the winning bid of P168,889.11 per square meter or P2.032 billion is above the agency's minimum price of P160,000 per sq. meter, or P1.925 billion, for the property formerly known as the Government Center for Investment Lots.

The lot is adjacent to the West Super Block that will house the Philippine Stock Exchange, the six-star Shangri-La Hotel and the high-end residential condominiums of Shangri-La and Ayala Land. It is also along 5th Avenue, across The Fort and is located in E-Square, whose
classification as a special economic zone by the Philippine Economic Zone Authority (PEZA) entitles the developer to PEZA incentives.

The Net Group is a partnership led by businessmen Jacques Dupasquier and Carlos Rufino. The Net Group specializes in developments within the Bonifacio Global City with a 100 percent leased portfolio that includes Net One Center, Net Square, Net Cube, Net Quad and Net Plaza. - GMANews.TV
^^ 5th Ave. will be buzzing with activities once the unified PSE and Shang start construction. Add to this that Net grp won the bid for the Big Delta lot. Hopefully the dream of a Trump Tower in BGC will come to fruition and becomes a reality! :okay: :okay:

nope that is not the site of shang or the PSE...

The North City Center is different section from the City Center near Serendra and West Superblock near PSE and Shangrila hotel. Btw, they have incorporated PSE and Shangrila in the City Center map of FBDC. This is important as public transport BRT is designed to revolve in this area once fully developed.

Now Shangrila mall is rumored to be scouting for a site for a mall in BGC. They could be scouting the North City Center for such a development.

Its just surprising that the North City Center where MC Depot and S and R is will become a mixed used high rise commercial and residential area. I hope they incorporate greeery and parks in this area.

pse is digging next month

hangangn ngayon kilo pa rin iba sa location! it is the square shaped lot at the corner of high street (unfinished) and 5th avenue. one big lot for shang the other big lot for pse

shang will have a small very high end mall

and the continuation for the shops at high street will already start as well that way sabay sila with shang and tapos na iyung pedestrian mall

this is indeed exciting! hope someone can update the bgc map...

pse is digging next month

hangangn ngayon kilo pa rin iba sa location! it is the square shaped lot at the corner of high street (unfinished) and 5th avenue. one big lot for shang the other big lot for pse

shang will have a small very high end mall

and the continuation for the shops at high street will already start as well that way sabay sila with shang and tapos na iyung pedestrian mall

^^ Thanks for the update Bustero. Hopefully we'll see a rendering soon! :cheers:

they've just cleared the old libertad drive to merge the smaller crescent park with the whole West Super Block.. they're also clearing the plants there... Adidas is having their clearance sale until May 16.. so we'd surely see the construction to start soon...

^^ sigh, more dust coming! j/k :lol:

there's a libertad drive in BGC?

wow! nice developments in BGC! i hope and sana i'm able enuf to buy a unit in BGC when i grow up....

Wow! PSE, Shang, High Street...BGC should be declared the new main CBD!

I have a strong feeling that we'll move in to this building by 2010. There had been news about it here in our workplace for quite some time. Also, this seems to be the only Ayala office building to be constructed in the Fort.

I work in a telecom company btw :)

^^ i've read about Globe Telecom's plan to move to BGC :colgate:

^^ i've read about Globe Telecom's plan to move to BGC :colgate:

But MVP of PLDT/Smart is blocking the move of Globe to BGC! DOJ Sec. Gonzales recently came out with an opinion on the matter which was interpreted differently to favor each side. IMO, this is gonna take awhile to sort out. :ohno:

^^ i meant they're moving their main office to BGC. re PLDT's exclusive hold of BGC... hopefully it can be resolved soon... IMO, from a consumer's point of view competition is better.

^^ i meant they're moving their main office to BGC. re PLDT's exclusive hold of BGC... hopefully it can be resolved soon... IMO, from a consumer's point of view competition is better.

Sorry we're getting OT hehe but moving Globe HQ to BGC and their being able to offer their landline and cellphone services in the area are both at issue here. These battles are linked and battle lines have been drawn. It's all got to do with a non-competition clause in the contract Metro Pacific signed when they won in the bidding for Fort Bonifacio several years ago. It blocked the competition from what is now BGC. Well, let's hope for the best and a win-win situation for this sticky issue.

I have a strong feeling that we'll move in to this building by 2010. There had been news about it here in our workplace for quite some time. Also, this seems to be the only Ayala office building to be constructed in the Fort.

I work in a telecom company btw :)

oi, sang division ka? office mate!lol

...Also, this seems to be the only Ayala office building to be constructed in the Fort.

Nope. They're also currently doing a BPO tower aside from this one. The Bonifacio E-Services.

HSBC in 5th avenue is also an Ayala building. Actually marami silang lot inventory sa BGC. All in all they have 33 hectares. So marami pa silang magagawang office, commercial and residential projects.

^^ Yup and even a 4 Star Hotel along Boni HighStreet they will build too according to one article I've read...

Great to hear that there are other Ayala buildings at the Fort. I've heard that we'll move in to an Ayala HQ with all other Ayala units. I'd be disappointed if it's not a beautiful building :) Eitherway, i'll keep my fingers crossed :) Will definitely follow developments in this thread. Cheers.

http://img511.imageshack.us/img511/1620/bgcws0.jpg

^^ Mmm...if the illustration is accurate then it looks like the Shang project will not be occupying the Adidas Sports Kamp lot then but maybe the PSE instead (the building covered by Shang in the illustration above)...


Property developer to pay P2B for 1.2-ha Fort Boni lot
http://www.gmanews.tv/story/92053/Pr...-Fort-Boni-lot

Office space developer Net Group has offered P2.032 billion for a 1.2-hectare lot in Global City in Fort Bonifacio, state-owned Bases Conversion and Development Authority said Monday.

In a statement, BCDA said its board approved the Net Group's bid to acquire the property through a resolution passed last Tuesday, April 23.

BCDA president Narciso Abaya said the winning bid of P168,889.11 per square meter or P2.032 billion is above the agency's minimum price of P160,000 per sq. meter, or P1.925 billion, for the property formerly known as the Government Center for Investment Lots.

The lot is adjacent to the West Super Block that will house the Philippine Stock Exchange, the six-star Shangri-La Hotel and the high-end residential condominiums of Shangri-La and Ayala Land. It is also along 5th Avenue, across The Fort and is located in E-Square, whose classification as a special economic zone by the Philippine Economic Zone Authority (PEZA) entitles the developer to PEZA incentives.

The Net Group is a partnership led by businessmen Jacques Dupasquier and Carlos Rufino. The Net Group specializes in developments within the Bonifacio Global City with a 100 percent leased portfolio that includes Net One Center, Net Square, Net Cube, Net Quad and Net Plaza. - GMANews.TV

ito na kaya ang correct location ng super skyscrapers sa west super block?

http://i228.photobucket.com/albums/ee156/aganagutom/shangandPSE-1.jpg?t=1211578292

^^ Maybe so it could very well be going by the illustration as well as the article above... We'll soon find out I guess. :) :) :)

im here working in fort..i can give some updates about that PSE.. hehehe..as of now their still digging the place..hehehe.. ^_^

wolf, so where will PSE exactly be? what will the structure look like?

hi all. i've seen the current design being considered. it was presented during the annual stockholders meeting of the pse. no design has yet been chosen but i think the one presented at the meeting is seriously being considered. a prior design which was presented to the board was truly iconic but was not chosen because of the difficulty in execution. this second design was reckoned to be more realistic. just wanna let you guys know that no design has yet been chosen and to share what i know. :)

^^ Too bad they didn't choose the iconic design. That's okay, the Federal Land Iconic Tower should fit the bill as BGC's landmark tower.

^^ As long as the building has PSE inscribed on top, it'll be iconic, regardless of the design. :banana: :yes:

With the PSE, Shang, and the Mind Museum in the pipeline soon, this area will definitely change quite a bit by 2010. :okay: :okay:

some pix I took today..

City Center's grid network
http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07236.jpg

North Bonifacio buildings
http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07240.jpg

Part of Crescent Park West
http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07247.jpg

Adidas Sports Kamp and the West Superblock
http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07250.jpg

http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07239.jpg

ruralvillage: im not saying the PSE design currently being considered isnt iconic. its nice actually. but the design they didnt choose was very iconic looking. imagine a 40 to 50 storey building enclosed within a glass box. it looked amazing to me. but, they didnt approve it because 1. too expensive 2. difficult to execute and 3. will look astounding if executed well but will look ugly if not. :)

^^ Thanks for the updates maczilla. Hope you can continue to give us updates (as well as pics/renderings of course) whenever you are able. Many of us in SSC are are looking forward to this project as this unified PSE will be the iconic symbol of FBGC's future world-class cbd! :) :) :)

I was told by some FBDC guys that they had chosen an architect DAW with a japanese sounding name who works in the states , parang taiko or something like that (sorry can't remember didn't recognize it). Anyway like Shang 2011 is their supposed target date.

Bustero, the architect is SOM, if i remember it right. Same architects who did Ayala Tower One and Roxas Tower.

Kala ko Arquitectonica nanaman. Buti naiba naman. SOM is a OK! :okay: :okay:
They did say that the unified PSE's architecture will be inspired by Ayala Tower 1.

^^ that's good news! Both Ayala Tower One & One Roxas are in my top 5 favorite high rises in Makati :okay:

Kala ko Arquitectonica nanaman. Buti naiba naman. SOM is a OK! :okay: :okay:
They did say that the unified PSE's architecture will be inspired by Ayala Tower 1.

SOM is # 1 Architectural firm, lalo na specialist sila sa Skyscraper:cheers:
last 2004 sa NewYork personally nag apply ako sa kanila hehehe tapos ang bagsak ko sa Mcgraw Hill.

Bustero, the architect is SOM, if i remember it right. Same architects who did Ayala Tower One and Roxas Tower.

OMG!!!!!!!! SKIDMORE OWINGS AND MERRIL. A CHICAGO COMPANY!!!!!!! YEHEY!!!!! SOM is reaponsible for the sears tower and burj dubai. For SOM to have a project in the Philippines is something else. It's good for the country.

^word.

which office of SOM? if its san francisco, i hope they recycle their rejected transbay proposal in san francisco. lookey:

http://img510.imageshack.us/img510/6117/retrieveassetcaauo62wzh9.jpg
it was already rejected by shanghai albeit in a slightly different version. maybe the third time's the charmer for this beautiful tower...that is if SOM's san francisco office is in charge of the project.

^^ Pwede ba malaman kung saan ang HatchAsia dyan? :)

OMG!!!!!!!! SKIDMORE OWINGS AND MERRIL. A CHICAGO COMPANY!!!!!!! YEHEY!!!!! SOM is reaponsible for the sears tower and burj dubai. For SOM to have a project in the Philippines is something else. It's good for the country.

Is SOM originally from Chicago? I thought they just have a main office there (along with two other main offices, New York and San Francisco).

@ Jeff - it would be amazing if it would be a recycled version of that proposal. But the hints in this thread indicate that the design will be more conservative.

^^^^ Parang Lopez Tower na binaligtad.

Why do they have to choose those uniconic structures?

Because it costs too much? To build? To maintain?

How 'bout the tourism that it can bring?

Sayang naman kung hindi iconic ang ilagay nila sa BGC. Kaya nga Bonifacio "GLOBAL" City eh.

So dapat global ang design. Just make sure na ang PSE Tower ay hindi nanaman isang box. oo nga pala. Sino na ang may rendeings. Patingin naman!

^ I didnt say it won't be iconic. It will surely look great, perhaps the most innovative in the country; but it won't be a groundbreaking design either (ie. Turning Torso, Bank of China Tower, Chicago Spire).

Kamusta naman ang mga TELCO INFRASTRUCTURE dyan?

PLDT at GLOBE lang yata ang pwede makapasok dyan?

Iyong dating call center na pinapasukan ko ay hindi makapasok ang GLOBE dyan?

can somebody freeze me now and thaw me when the rendering's out?!! i just can't dang wait! :lol:

@ Jeff - it would be amazing if it would be a recycled version of that proposal. But the hints in this thread indicate that the design will be more conservative.

i had to read up again what those hints were, and man, it's too bad they had to settle for the safe/boring design. i do wonder if the rejected version that maczilla mentioned looked like SOM's transbay proposal tho, considering that the decision in sf was made fall last year-they had enough time to repackage it. the transbay tower proposal was headed by brian lee (who transferred to chicago fall last year) and mark sarkisian who's still in sf. maybe the archit bustero mentioned is sarkisian, since it's the only japanese sounding name from the SOM website. also, most of the SOM projects for ayala came out of the san francisco office (ayala tower one, one roxas triangle), i think, so they will prolly be in charge once again in this new project. anyway, i cant wait to see what kind of glass theyre using in this tower.

http://business.inquirer.net/money/breakingnews/view/20080531-139913/Shang-Properties-unit-buys-prime-Bonifacio-lot

Shang Properties unit buys prime Bonifacio lot

By Elizabeth Sanchez-Lacson
Philippine Daily Inquirer
05/31/2008

MANILA, Philippines—Shang Global City Properties Inc., a subsidiary of publicly listed Shang Properties Inc., said it had completed the purchase of a 15,120-square-meter lot in the Fort Bonifacio Global City central business district in Taguig City.

Shang Properties is the property development arm of the Kuok group, one of Asia’s biggest conglomerates.

In a disclosure to the stock exchange Friday, Shang Properties, formerly named EDSA Properties Holdings Inc., said its subsidiary bought the property in the so-called West Super Block of Global City from Fort Bonifacio Development Corp.

Fort Bonifacio Development is a joint venture of the Bases Conversion Development Authority (BCDA), which spearheads the master-planning of the Bonifacio Global City, with a joint venture between the Ayala group and the Campos group that controls the local pharmaceutical giant United Laboratories.

Shang Properties corporate secretary Federico Noel Jr. said details of the Fort Bonifacio project were still under study.

Noel only hinted that the project would be a mixed-use development and that final details would be available by end-June.

The West Super Block is at the western end of Ayala Land Inc.’s restaurant and shopping strip known as Bonifacio High Street. It is also beside the Adidas sports camp.

Last April, Shang Properties signed a P3.5-billion loan agreement with Metropolitan Bank and Trust Co. and Bank of the Philippine Islands to help fund key development projects in Metro Manila. These projects form part of a three-year investment program estimated at P11 billion.

Among the company’s new projects are the expansion of the Shangri-La Plaza Mall in the Ortigas Center business district, the construction of residential condominium towers on top of the mall, and an upscale mixed hotel and residential condominium in Fort Bonifacio Global City.

The BCDA earlier said the West Super Block would be the site of a new Philippine Stock Exchange building, a six-star Shangri-La hotel and high-end residential condominiums of Shangri-La and Ayala Land.

Shang Properties has four major subsidiaries: Shangri-La Plaza Corp. (of which it owns 78.72 percent); EDSA Parking Services Inc. (wholly owned); Shang Grand Tower Corp. (wholly owned); and EPHI Logistics Holdings Inc. (60 percent).

Shangri-La Plaza owns and operates the Shangri-La Plaza Shopping Complex in the Ortigas Center, which houses two department stores, cinemas, restaurants, fast-food outlets, boutiques and specialty stores.

EDSA Parking Services owns and operates car parks in the Shangri-La Plaza Shopping Complex.

Shang Grand Tower, a realty development company, built The Shang Grand Tower, a high-rise luxury condominium in the Makati business district. It is also the owner and developer of The St. Francis-A Shangri-La Place, a two-tower, high-rise residential condominium in the Ortigas Center.

^^ Thanks for the post TC! Looks like aside from the unified PSE and Shang, there will indeed be a future Ayala Residential Condo Tower there as well in the West superblock of Boni High Street extension. WooHoo! :cheers: :cheers: :cheers:

http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07238.jpg

^^ That's the construction staging area for the net quad .. the fenced lot is part of the shagrila hoel /condo project.

^^ Thanks for confirming Ganzo that the location is indeed where the much awaited Shang 6 star Hotel and Residential Tower project will rise. Yehey! Finally we have Shang's location pinned down! That means the unified PSE will then be close to if not where the Adidas Sport Kamp is/was. We can update the BGC map na! :) :) :)

ito na kaya ang correct location ng super skyscrapers sa west super block?

http://i228.photobucket.com/albums/ee156/aganagutom/shangandPSE-1.jpg?t=1211578292

^^ It's sure looking like it Augustboy! :)

2011 we'll see the birth of BGC's world class CBD spearheaded by the unified PSE and SHang's 6 star Hotel! :banana:

Shang is in the superblock which is the continuation of hi street pedestrian park, PSE is on the same block on the other side pedestrian park

Should get to see the fbdc guys in a few days lets see if they reveal anything interesting.

I was told by some FBDC guys that they had chosen an architect DAW who works in the states. Anyway like Shang 2011 is their supposed target date.

Shang Properties buys land in Fort Bonifacio
Manila Times
http://www.manilatimes.net/national/2008/may/31/yehey/business/20080531bus9.html

THE developer of the Shangri-La Plaza mall told the Philippine Stock Exchange (PSE) that a subsidiary purchased a lot from the Fort Bonifacio Development Corp. (FBDC).

Shang Properties Inc. disclosed that unit Shang Global City Holdings Inc. completed the purchase of a 15,120-square-meter lot in the West Super Block, a prime location within the Bonifacio Global City. The area is the future site of the unified PSE trading floor to be built in partnership with Ayala Land Inc. The unified bourse is up for completion in three years (2011).

Updated BGC map...
Hope this is the right location! Its a great location for both projects! ^^
(If its not the correct location we can always revise it... :lol:)

http://www.readyforoccupancy.com/BGC-004.jpg

^^ Thanks Rick! :)

that's ok except the pse should be higher and the shang should be on the ex sports kamp site

yea i agree with bustero sana yun shang nasa ex sport kamps site nalang haha mas malapit sana samin sayang.

^^ Mmm...does that mean the Ayala illustration below is inaccurate then? Just that in the illustration it looks like the Shang project will not be occupying the Adidas Sports Kamp lot but probably the PSE instead (the building covered by Shang in the illustration above)...
Ganzo also confirmed in his post below that the fenced lot in the pic is part of the shagrila hotel /condo project. Is this not the case?
Hay naku nakakalito, guess better to just wait for the formal announcements to be made and update the map as necessary. Hehehe... :) :) :)


http://img511.imageshack.us/img511/1620/bgcws0.jpg


http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07238.jpg

^^ That's the construction staging area for the net quad .. the fenced lot is part of the shagrila hoel /condo project.

http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07238.jpg

Allow me to do some window-cleaning job for Net Square where kuya moderator Paul took the pic. :D

http://i20.photobucket.com/albums/b210/ofngol/2008/DSC07238x.jpg

the map by the rick is correct. the pse is at the corner of 5th ave (ex-sports kamp site) while shang is along 30th ave

^^ Thanks Six453! OK good. So Rick's updated map is indeed correct and accurate afterall. That's how I saw and thought it would be until Peter/Bustero threw that curve ball (gave different location) in his post below. I know Peter had meetings with the FBDC before and maybe the info he was provided then were the proposed sites at that time that may not have materialized. Anyway I do prefer the current location/set-up of the PSE and Shang as seen on the updated map where the PSE will be closer to the recently bidded expanded big delta lot that the Rufino group won which would allow for the PSE to be sandwiched in between Shang and quite possibly a Net/Trump Tower. That will be so cool wouldn't it? :okay: :okay:

Updated BGC map...
Hope this is the right location! Its a great location for both projects! ^^
(If its not the correct location we can always revise it... :lol:)

http://www.readyforoccupancy.com/BGC-004.jpg

that's ok except the pse should be higher and the shang should be on the ex sports kamp site

the map by the rick is correct. the pse is at the corner of 5th ave (ex-sports kamp site) while shang is along 30th ave

^^ Thanks Six453! OK good. So Rick's updated map is indeed correct and accurate afterall. That's how I saw and thought it would be until Peter/Bustero threw that curve ball (gave different location) in his post below. I know Peter had meetings with the FBDC before and maybe the info he was provided then were the proposed sites at that time that may not have materialized. Anyway I do prefer the current location/set-up of the PSE and Shang as seen on the updated map where the PSE will be closer to the recently bidded expanded big delta lot that the Rufino group won which would allow for the PSE to be sandwiched in between Shang and quite possibly a Net/Trump Tower. That will so cool wouldn't it? :okay: :okay:

I wouldn't say "correct and accurate" until we get confirmation from Ayala Land and Shangri-la. But for now, that map is the closest thing we have based on the information we are getting.

^^ True true... as they say it's always better to get it (confirmation/info) from the horse's mouth. Hopefully Ayala will formally announce soon. In the meantime this article may provide more clues... :)

Shang Property unit buys prime BGC lot
Inquirer Property Guide

Manila, Philippines - Shang Global City Properties Inc., a subsidiary of publicly listed Shang Properties Inc., said it had completed the purchase of a 15,120-square-meter lot in the Fort Bonifacio Global City central business district in Taguig City.

Shang Properties is the property development arm of the Kuok group, one of Asia’s biggest conglomerates.

In a disclosure to the stock exchange Friday, Shang Properties, formerly named EDSA Properties Holdings Inc., said its subsidiary bought from the Fort Bonifacio Development Corp. a property in the so-called West Super Block of Global City. The West Super Block is at the western end of Ayala Land Inc.’s restaurant and shopping strip known as Bonifacio High Street. It is also beside the Adidas sports camp.

The BCDA earlier said the West Super Block would be the site of a new Philippine Stock Exchange building, a six-star Shangri-La hotel and high-end residential condominiums of Shangri-La and Ayala Land.

Fort Bonifacio Development is a joint venture of the Bases Conversion Development Authority (BCDA), which spearheads the master-planning of the Bonifacio Global City, with a joint venture between the Ayala group and the Campos group that controls the local pharmaceutical giant United Laboratories.

Shang Properties corporate secretary Federico Noel Jr. said details of the Fort Bonifacio project were still under study.

Noel only hinted that the project would be a mixed-use development and that final details would be available by end-June.

Last April, Shang Properties signed a P3.5-billion loan agreement with Metropolitan Bank and Trust Co. and Bank of the Philippine Islands to help fund key development projects in Metro Manila. These projects form part of a three-year investment program estimated at P11 billion.

Among the company’s new projects are the expansion of the Shangri-La Plaza Mall in the Ortigas Center business district, the construction of residential condominium towers on top of the mall, and an upscale mixed hotel and residential condominium in Fort Bonifacio Global City.

^^ yay!! exciting news!!

2012 target completion date na for the PSE...

Taken from Ayala Land's website under Investor Relation's
http://ir.ayalaland.com.ph/Financial_and_Operating_Highlights/Operating_Highlights/default.aspx

Financial and Operating Highlights

Strategic Landbank Management

In Bonifacio Global City, the 29-storey BGC E-Services Building is under construction and is targeted to be completed in 2010. Plans for a new headquarter office building that will house the Philippine Stock Exchange (PSE) are also being finalized and will commence construction by the end of the year, with a target completion date of 2012. Also in the planning stages are several hotel projects, including the recently announced plans for a 6-star Shangri-La Hotel to be located at the West Superblock, beside the site of the new PSE building.

even though it is only 29 floors, i hope that the design is an awesome one.

The figure refers not to the new PSE tower but to the...

Bonifacio E-Services Building:
http://www.skyscrapercity.com/showthread.php?t=528836

...nothing really too awesome about it, just another BPO box. But at least it's not as boring as the uglier BPO towers which I won't name. :D And no, I'm not referring to the series found in BGC.

^^ i think you're referring to the ones malapit sa boni mrt station :lol:

the robinson's cybergate towers? those buildings are the best definition of the word BOX.

they're now dismantling the fixtures on Addidas Sports Kamp... probably they'll have the big trucks demolishing the place soon...

^^ Thanks Six453! OK good. So Rick's updated map is indeed correct and accurate afterall. That's how I saw and thought it would be until Peter/Bustero threw that curve ball (gave different location) in his post below. I know Peter had meetings with the FBDC before and maybe the info he was provided then were the proposed sites at that time that may not have materialized. Anyway I do prefer the current location/set-up of the PSE and Shang as seen on the updated map where the PSE will be closer to the recently bidded expanded big delta lot that the Rufino group won which would allow for the PSE to be sandwiched in between Shang and quite possibly a Net/Trump Tower. That will be so cool wouldn't it? :okay: :okay:

Boe, can you imagine...just a stone's throw away from Forbeswood Heights. Hoorah:banana: Let the real estate value soar !! Naku, on second thought, baka I might have to pay higher real estate tax in the future :ohno:

^^ True true Robert. Swerte talaga kayong mga buyers/investors in Forbeswood Heights since values (selling prices as well as rent rates) will surely rise as these high profile projects come into fruition. Very prime yang location ng Forbeswood Heights niyan being in close proximity to Shang, the PSE, the mind museum and what's left of the once big Crescent Park. Makes that purchase decision to buy in Forbeswood Heights so worth it, lalo na you got your's at a very good price when it first came out. Sulit talaga at tiba-tiba na kayo diyan! :) :) :)

an additional update... I just saw this morning that their now starting to fence up the lot... the fence poles run from 3rd Ave side to the old curved road... seems like our old parking space across Net Square shall close out soon... my... about 100 parking space are again lost...

ay mali pala ako.. hindi pala yung side ng Addidas Sports Kamp ang finifence.. instead that side across Net Cube/Quad... so it's the Shang lot that is being fenced..

for this time..there still digging the place..and the roads..if im not misstaken they will add a new road for that location..i dont know yet the name of the new street..but everyday i see people working on it....try visiting it..you will see chunks of soils..and holes.. ^_^

and i saw something sa malapit sa gate1.. i dont know kung ano un..pero sa tingin ko building din un.. medyo mahaba sya..pati balita ko tatanggalin na ung mga naka tira sa gate1 and they will close it for the meantime para sa construction..sabi ng mga driver dun.

i'll be taking some pics..but forgive me im just going to use my phone..ok?.. i'll do it later..and im just wondering how to upload it in here.. thanks ^_^

^^

How to Post Photos in SSC
http://www.skyscrapercity.com/showthread.php?t=458527

thanks..i'll post some pics..

wolf.. you're posting on a wrong thread.. that road is in the North Bonifacio area not in the Stock Exchange lot... :D

yah..i just notice it..hahaha.. but i went there yesterday..and to tell bro..its to hot.. im able to take some pics..but im not sure if its you know..hahaha..coz i had to go back to office..as in sobrang INIIIIIIITTTT!!!!!..i think its almost 39 celsius ata..anyway.. i'll try again..

Groundbreaking will be Dec 2008-Jan 2009. Completion date will be on 2012.

Right now, Fort Bonifacio Development Corp (FBDC) is encouraging more office buildings to be constructed within the BGC area. Hopefully, with the PSE's construction, this will trigger more office developments in the area.

http://i71.photobucket.com/albums/i143/cynchyap/BGC%202008/blog_062608_Shang_PSE.jpg

Picture source: From FBDC's briefing materials

http://img.photobucket.com/albums/v162/pau_p1/DSC07594.jpg

Groundbreaking will be Dec 2008-Jan 2009. Completion date will be on 2012.

Right now, Fort Bonifacio Development Corp (FBDC) is encouraging more office buildings to be constructed within the BGC area. Hopefully, with the PSE's construction, this will trigger more office developments in the area.

http://i71.photobucket.com/albums/i143/cynchyap/BGC%202008/blog_062608_Shang_PSE.jpg

Picture source: From FBDC's briefing materials

^^ Wow Thank You for the update Cynch! This finally confirms the location of Shang's 6 star hotel and unified Philippine stock exchange. Were any renderings of Shang and/or PSE shared/shown during the briefing? Just wondering... :)

^^ yes, check out cynch website

http://www.fortboniconsultancy.com/blog/

you can see what appears to be rendering for PSE

heto yung render from cynch's site... maganda..

http://www.fortboniconsultancy.com/img/blog_062608_PSE.JPG

naunahan mo ko hahaha!!! OMG! that looks hot! :eek:

yeah baby!! that's what i'm talking about, sexy, glassy. :cheers:

at 42 floors, that's easily 180+ meters tall no?

Wow! :banana: :applause:

heto yung render from cynch's site... maganda..

http://www.fortboniconsultancy.com/img/blog_062608_PSE.JPG

wow.. iconic nga. any more renders? is that the shang at the back of the pse i see?

yes, check out cynch website

http://www.fortboniconsultancy.com/blog/

you can see what appears to be rendering for PSE

heto yung render from cynch's site... maganda..

http://www.fortboniconsultancy.com/img/blog_062608_PSE.JPG

Thanks guys. Wow the rendering of the unified PSE is simply beautiful! It will definitely be one of the iconic landmarks in the BGC come 2012 hands down! :okay: :okay:

wow.. iconic nga:) is that the shang at the back of the pse on the 2nd render?

wala pa yatang render ang Shang.. though from cynch's site there is picture of Shang but it may not be a real render...

heto yung render from cynch's site... maganda..

http://www.fortboniconsultancy.com/img/blog_062608_PSE.JPG


Wow! Simple and beautiful! :applause:

I wonder if those two images are two different sides of the same design (with 1st being the front and the 2nd being the side), or if they are the two different proposals that someone mentioned a few pages back. If it's the latter, I wonder which is the "iconic" one or the "safe, but nice" one that the guy posted. Well that design is certainly iconic to me. :)

holy christ.

thats one hell of a PSE. bravo !

any chance this will be a supertall? not likely right?

^^ From what Ayala has said, it seems this one will be around 40-45 floors in height. Taller than the Ayala Tower 1 in Makati, I think, but far from a supertall. I doubt it will pass PBCom Tower either.

the PSE reported that only 1/10th of 1% of pinoys participate in the stockmarket...they should have tickertapes and lcd's which will lead to inquisitiveness and that should make the PSE ground area a major meeting place...expressions develop like meet you at picadilly circus, or meet you at grand central station or town hall steps....if the base of the PSE building is done well the expression could develop: meet you at the PSE tickertape and lets walk through boni high street/serendra and decide where to eat...etc etc etc....

^^ I like the sound of that. I can't wait to buy a condo in BGC. Then on a whim, I could meet my wife at "our spot" after work and we'll take it from there. Perhaps dinner at the Piazza? Shopping at the luxury brands at the High Street section near PSE/Shang? :naughty:

(In my dreams)

Sorry, got excited.
http://www.skyscrapercity.com/showthread.php?p=22087131#post22087131

:lol: Why did you post this one and not Landmark 66? I was actually planning on posting the Landmark 66 thread whenever more details came out or when construction started.

EDIT: Oh, just noticed you posted this in the Highrises section. It should be fine there. Landmark 66 shall be in the Supertall section I'm guessing. :D

yeah most likely. :D

very nice....i am very happy with the design

hopefully they will follow the rendered design!

Its alright. I was expecting a little bit more ooomph given the prestige this building is suppose to have and the amount of hype it has received in the local brokerage industry. Although the design is pretty good compared to the Net boxes that you see in BGC, it doesn't really blow away any existing architecturally stunning buildings in Makati City (RCBC, LKG, GT International, Ayala Tower One) and Ortigas (One Corporate, Union Bank Plaza). I suppose expectations are a little too high and I honestly don't know of any stock exchange building anywhere in the world (including the one that I work in) that tries to be the most architecturally stunning building in the country (only exception is the proposed NYSE building by Donald Trump a while back). Nonetheless, this building will be a great addition to the Philippines. We rarely see 40+ storey office buildings go up nowadays so I'm happy we're getting this... ;)

^ I think it's better than One Corporate Center because the glace facade will probably be see through with this one unlike the OCC.

Its alright. I was expecting a little bit more ooomph given the prestige this building is suppose to have and the amount of hype it has received in the local brokerage industry. Although the design is pretty good compared to the Net boxes that you see in BGC, it doesn't really blow away any existing architecturally stunning buildings in Makati City (RCBC, LKG, GT International, Ayala Tower One) and Ortigas (One Corporate, Union Bank Plaza). I suppose expectations are a little too high and I honestly don't know of any stock exchange building anywhere in the world (including the one that I work in) that tries to be the most architecturally stunning building in the country (only exception is the proposed NYSE building by Donald Trump a while back). Nonetheless, this building will be a great addition to the Philippines. We rarely see 40+ storey office buildings go up nowadays so I'm happy we're getting this... ;)

I agree. Given the hype and its prestige, i was expecting something incredible. Its a good design, but its not iconic for me. Blossoming cities such as Moscow, many cities in China and even Hanoi has better designs than this. Like queetz, i guess my expectations were too high. But then again, since it is the PSE (which represents the Philippine economy) it commands high expectations.

though the other angle of the building as shown above looks stunning... the building's upper floors seem flat but it then curve and escalate to pierce the bgc sky.. i think it would be hot. we might just have to wait for a more flattering render.

Another thing i noticed....no helipad (or space for it). Quite strange since most highrises in MM, (esp. office towers) have them. I'm guessing the middle will be a skygarden.

YEAH!!!:banana: I like it!! another unique design to the metro skyline...and being in FBGC, the start of another dense CBD....architects, engineers,....capitalists:lol:..bring them on! :okay:

very very nice curves! let's hope the final product will be a lot better than this. i like the podium part. it creates an impression of grand entrance that Ayala Tower One does.

i reckon shang also have renders now. they're starting construction next month, so it just makes sense to have an idea how your structure will look like when you start digging already.

http://img58.imageshack.us/img58/8899/unifpsebldgdm1.bmp

Thanks @leechtat. I can't wait to see this tower get built.

http://img58.imageshack.us/img58/8899/unifpsebldgdm1.bmp

hmm.. judging from the photo to the right the shangrila tower is to the tower's left (the one with trefoil pattern)

basing from the image the tower plan is triangular, similar to tower one. fire stairs and elevator core positioned along corner edges of tower, leaving middle column free. this allows the side floor plates to rise up even higher than the middle cavity. the top portion of the middle floor plate could actually serve as an interesting sky garden.

the tower profile in the renders remind of of Norman Foster's millenium tower proposal in London.

SOM's design here reminds me of their use of the huge transfer columns for structural loading for their other proposals which didnt get approval. both transbay towers in SF and shanghai center in SH use the same concept of achieving column free lobby space, albeit not the mitchell truss diagram superimposed on its facade.

can't wait to see more detail of its curtain wall. right now seems like there is no articulation.

overall i think it should have a greater distance between its neighboring towers. otherwise it will just be cluttered together with other tower blocks losing its elegance. if you notice tower one's position is very strategic in such a way that it is a focus rather than a side show along ayala ave. just my pov

http://img58.imageshack.us/img58/8899/unifpsebldgdm1.bmp

Thanks!

I like it and this would be a great addition to the BGC skyline , but I had expected something more iconic.

Parang GA Skysuites. And the shape, like that of Insular in Alabang. I wonder if they're going to use the same color as the PSE in Makati. I was watching the Discovery Channel last night featuring the Petronas, do you think steel panels would look great on this?

I remember someone mentioned that there were 2 designs they had to choose from. I wonder if the other design will be released (here). ;)

nice!!!

It resembles...or has the silhouette of the Commerzbank in Frankfurt by Lord Norman Foster. But I still like it. Seems like this building and the Shangri-La at the Fort are similar in a shape that is not the usual 4 sided building (i.e. Net buildings). Nice combination. The surrouding Net buildings will unify the overall look of the skyline from any vantage point!

It was mentioned earlier in the thread that the the building was going to be based off of Ayala Tower One. I'm guessing the triangular shape could be the similarity?

It was mentioned earlier in the thread that the the building was going to be based off of Ayala Tower One. I'm guessing the triangular shape could be the similarity?

Yup I think the triangular base does have some similarities to the Exchange Plaza.

I find the design curious. Guess we need to see the whole thing from various angles. From the old site render there seems to be a podium (asusming this is accurate), this one has none but where is the trading floor, it usually requires quite a big space. If it's in the base it looks small unless that building is much much larger than the render makes it seem.

http://img58.imageshack.us/img58/8899/unifpsebldgdm1.bmp

Definitely iconic! The burning orange light at the bottom somewhat shows a rocket ship ready to soar.

Is this icon a good metaphor for our country - ready to take off? :banana: :cheers:

It resembles...or has the silhouette of the Commerzbank in Frankfurt by Lord Norman Foster. But I still like it. Seems like this building and the Shangri-La at the Fort are similar in a shape that is not the usual 4 sided building (i.e. Net buildings). Nice combination. The surrouding Net buildings will unify the overall look of the skyline from any vantage point!

That's exactly what I was thinking judging from the rendering to the right of the pic. Nalimutan ko lang pangalan nung German scraper na yun kaya di ko mabanggit dito na kamukha nya yun. :D

Maybe there'd be an adjoining structure for the trading floor. O baka underground? :colgate:

The design reminds me of SOM's entry on Transbay project in San Francisco. The four sides of the base of the tallest tower is open...

hinde kaya yung trading floor eh ung sa taas ng open space sa base ng building? yung parang circular? kaya lang it would be too small for a trding floor hahahaha :lol:

^^ yan din naisip ko hehehe. maybe malaki naman siguro yan.

Yup I think the triangular base does have some similarities to the Exchange Plaza.

^^ correct, i believe it was inspired from it as well..

Definitely iconic! The burning orange light at the bottom somewhat shows a rocket ship ready to soar.

^^ right. but the other render has pink lighting.. weird..

i reckon that the trading floor maybe at the area (i don't know what to call it) with yellow lighting, where the triangle trusses meet..

also, the render on the right is has an awkward curve.. the escalation of the floors is weird, or is there any.. i guess the triangular base coupled with that skygarden makes it look like the back part has an unequal albeit higher height than the facade shown in the left pic.. that's why i said earlier in a post that it "pierces the sky"..

That's exactly what I was thinking judging from the rendering to the right of the pic. Nalimutan ko lang pangalan nung German scraper na yun kaya di ko mabanggit dito na kamukha nya yun. :D

Maybe there'd be an adjoining structure for the trading floor. O baka underground? :colgate:

I think the bright orange-colored rounded floor space at the bottom could in fact be a trader's lounge or the trading floor itself.

I just don't know the floor plate/size of this building so I don't know if that rounded space will be big enough to house hundreds of people (there should be at least 1 trading personnel manning the booths of each of the more than 100 member brokers of the PSE).

What do you guys think?

I hope this building would have an Electronic Billboard similar to that of NASDAQ on Times Square, NY.

Guys, rendering lang yan, the trading floor may be in there...but the magnitutude or massiveness of this building won't really be realized until we see the actual footprint of the structure. Notice how the Pearl Tower in Shanghai looks average-size in photos but when you actually see it, you then realize just how monolithic the stucture really is.

guys imagine Makati Stock Exchange's trading floor. They just incorporated it to the building. so it's more likely that the trading floor is as JP said, that part where the trusses meet. remember, trading floor requires high floor to ceiling distance. that floor actually reminds of Chicago's John Hancock. now that circular floor in the middle puzzles me - could indeed be the trader's lounge.

the back part also looks weird to me. this could be just an ordinary cylindrical structure, but was distorted in the renders - like what we do in Photoshop.

I don't think it's the distortion from the perpective used. I think they played with the levels of each side, each one progressing to a taller structure.

I hope this is taller than the Shang at the Fort.

Unified PSE Bldg Render
http://img58.imageshack.us/img58/8899/unifpsebldgdm1.bmp

I don't think it's the distortion from the perpective used. I think they played with the levels of each side, each one progressing to a taller structure.

I tried SketchUp-ing my idea of how it looks like based from the two perspectives posted.

Pasensya na, ngayon lang ako nag-aaral ng SketchUp (whew, ang sakit sa ulo! :lol: ) kaya di ko alam kung paano i-export as picture kaya print screen na lang. :D

http://i20.photobucket.com/albums/b210/ofngol/2008/Clip.jpg

http://i20.photobucket.com/albums/b210/ofngol/2008/Clip_2.jpg

http://i20.photobucket.com/albums/b210/ofngol/2008/Clip_3.jpg

http://i20.photobucket.com/albums/b210/ofngol/2008/Clip_4.jpg

This is gonna be a multi-faceted tower! Every angle would make it look different!!!

http://i20.photobucket.com/albums/b210/ofngol/2008/Clip_5.jpg

Good job! I think you've got it right.

great job aaron!!!

good job Aaron!

wow, what floor plate dimensions did you use? based on some previous image i think they project the floor plate to be at 1700sqm. at 40 storeys with 3.6m floor to floor height, this might not be as tall as shangrila @ the fort.

nice one Aaron! :okay: the third photo could well represent the actual thing.

nice. like Commerzbank.

those massive concrete columns/trusses at the lower parts need to be taken away, and since they prolly are load bearing, they might as well go on with a redesign.

nice

ganda nitong unified stocks exchange! so excited!:banana:

Look, ito yung sinasabing kamukha nito, sa left...
http://www.skyscrapercity.com/images/headers/10.jpg

those massive concrete columns/trusses at the lower parts need to be taken away, and since they prolly are load bearing, they might as well go on with a redesign.

If you're talking about the columns at the very bottom, why remove them? I mean, if they're load bearing and they're part of the building's architectural plans, what would the point be in removing them? I think they suit the building and give it a distinct look. Without those, I would imagine the building would have a normal, boring entrance.

i agree.. those column bars at the bottom floors do fit the design and it makes more appealing to look at compared to a plain structure..

any update on this? i heard projected completion is 2011, anyone know who the local consultant counterparts are?

^^

It's Locsin.

Those renderings are still subject to a lot of changes. The design isn't final yet, and we could see the more distinctive features getting removed for the sake of the budget.

I hope not. The building is great the way it is and if they remove aesthetic/structural components for budgetary reasons then it will be kinda disappointing.

Simply Iconic! :okay: :okay:

http://img58.imageshack.us/img58/8899/unifpsebldgdm1.bmp

The building looks powerful indeed, It looks like a seat for very intellectual people. Hope that someday developers will build a silicon valley type economic zone that will house research and development and ICT companies.

OT: ^^ that was the idea behind the Science and Technology park of ayala and UP along commonwealth.. but now its housed by BPO companies, maybe when the demand is there for R&D in the RP, maybe then that area can shift to what it was planned to be..

Look, ito yung sinasabing kamukha nito, sa left...
http://www.skyscrapercity.com/images/headers/10.jpg

LOL. the pic's different now. I can see Mumbai! :lol:

^^ Yikes, oo nga ano, Frankfurt kaya 'yan dati. :lol:

Eto na lang...

Commerzbank Tower, Frankfurt, Germany

See the resemblance? (from: http://lh6.ggpht.com/_7wPY8HnvzEs/RjpYnqV9pZI/AAAAAAAACkU/88bOGMRjqhI/DSCN0628.JPG)
http://i20.photobucket.com/albums/b210/ofngol/2008/DSCN0628.jpg

http://www.panoramio.com/photos/original/6778106.jpg

http://farm3.static.flickr.com/2352/2375554328_ac75ff11a8_o.jpg

(from: http://k43.pbase.com/u26/rmacalino/large/43916305.FftBldg2.jpg)
http://i20.photobucket.com/albums/b210/ofngol/2008/43916305_FftBldg2.jpg

http://farm1.static.flickr.com/61/160860327_a2eb98d1f7.jpg?v=0

(from: http://lh5.ggpht.com/_eB0bkO7K_jY/R6V3xNUP-aI/AAAAAAAAA3g/AWb1a_6jVq0/IMG_1718.jpg)
http://i20.photobucket.com/albums/b210/ofngol/2008/IMG_1718.jpg

Gawin daw bang giant billboard? :lol:
http://blogs.manchestereveningnews.co.uk/worldcup/Frankfurt,%20CommerzBank%20Tower.jpg

It does look like Commerzbank but USEx is much sleeker, IMO.

Yeah, USEx is a more refined version. Uy, bagong acronym! :D

http://blogs.manchestereveningnews.co.uk/worldcup/Frankfurt,%20CommerzBank%20Tower.jpg

Tama lang yan. Para ma-increase ang functionality like GA Tower...

By the way... parang PBCOM Tower in some angles.... :lol:

http://img.photobucket.com/albums/v162/pau_p1/BGC1/DSC07715.jpg

^^ Free window washing service by your friendly SSC notti mod, Aaron Ofngol:

http://i20.photobucket.com/albums/b210/ofngol/2008/DSC07715x.jpg

Extra services :naughty: also available at a minimal fee. :lol:

nice...thanks for the photos

Looking at the pic, aren't we all glad that Ayala changed the old circumferential road design by the former BGC owners to a regular grid-type network? You can see here how much bigger this lot became after the redesign. :okay:



http://i20.photobucket.com/albums/b210/ofngol/2008/DSC07715x.jpg

yeah, i realized that just now. so that arc-shaped road is part of the old masterplan. now i'm more convinced that the new masterplan is the better recourse. :okay:

It's may be nice for the people below 32nds st. But a different story for Northgate. The circular traffic patterns making movement around the fort easier has been stopped.

Guys, Will it reach 300m? :D

^^ It will not even reach 250m I think..

Yeah they have said before this will be around 35-45 floors, which will not be enough to reach 300m.

hoping for a long spire! :tiasd::nocrook:

Simply Iconic! :okay: :okay:

nakakaiyak ang design. wow.

Any updates happening at the site?

they're still demolishing foundation the old structure there... I think they'll be doing the actual dig soon...

if it's just 40 floors, it might not even reach 200 m, i'll put it at ~183 meters though.
at 45 floors, it's just a few meters above 200 m.

^^yup, i think the floors will not hit 200, they may have some gimmicks such as spires and the like but even with these it might be a reach.

taken last monday... Aaron feel free to clean the windows.. hehehe ;)
http://img.photobucket.com/albums/v162/pau_p1/DSC07752.jpg

2012 ba finished product?

I heard from someone working on the project that they're not pushing through with the circular tower anymore. It's gonna be a square to maximize space :(

maan. that better be one hell of a square.

^^whoa! sayang naman!

I heard from someone working on the project that they're not pushing through with the circular tower anymore. It's gonna be a square to maximize space :(

That's ok. It can still look good with a square footprint.

2IFC and Nina Tower (shown below) in Hong Kong have a square footprint.
http://i263.photobucket.com/albums/ii127/aboveday2007/2005662300498764553_rs.jpg

What happens if they hire the architects of the Net buildings and design a very tall Net building instead... :lol: (Joke)
Expect the worse... So you won't get disappointed... :)

@ryan... if that is just 1 photo you uploaded... that's not the 2 IFC. It's just the Nina Tower, a twin tower project by Chinachem Group in Tsuen Wan, New Territories, Hongkong. They're separately known as Teddy Tower (80 storeys) and Nina Tower (42 storeys). Yes, Nina is for THE Nina Wang.

That's ok. It can still look good with a square footprint.

2IFC and Nina Tower (shown below) in Hong Kong have a square footprint.
http://i263.photobucket.com/albums/ii127/aboveday2007/2005662300498764553_rs.jpg

@ryan... if that is just 1 photo you uploaded... that's not the 2 IFC. It's just the Nina Tower, a twin tower project by Chinachem Group in Tsuen Wan, New Territories, Hongkong. They're separately known as Teddy Tower (80 storeys) and Nina Tower (42 storeys). Yes, Nina is for THE Nina Wang.

I know. Read again what i said above the photo;)

I know. Read again what i said above the photo;)

Waah.. oops I misread your caption. Haha.:lol:

is ALI paying for this building?
i am just wondering besides the stock exchange towers in ayala avenue what else does ALI own?
ALI for all their "prestige" have never built iconic office buildings..even in the raffles /fairmont project, their contribution is the land.

and i'm also wondering if a nina type rendering in the 35-45 storey area could be done for P3billion which seems to be the maximum amount our developers can afford per project.

^^ayala owns the Vertex One office bldg along E De La Rosa, and also the E-Bonifacio bldg in BGC.

thats what i thought..not exactly a glamorous portfolio...and of course the intercon hotel building..no wonder the hype for a distinct rendering is fading.

^^ayala owns the Vertex One office bldg along E De La Rosa, and also the E-Bonifacio bldg in BGC.

For offices, you can include People Support and Convergys buildings along Ayala. Also the Glorietta 5 commercial-BPO project.

I think this building will still be good even if it's square. The project is owned by the stock exchange, fbdc and ALI not sure what their percentages are but the lot is very prime and am sure they don't plan to put up a ordinary looking building on such a prominent site.

I think this building will still be good even if it's square. The project is owned by the stock exchange, fbdc and ALI not sure what their percentages are but the lot is very prime and am sure they don't plan to put up a ordinary looking building on such a prominent site.
the building will most likely be acceptable but with regard to relying on their reputation to give us a future guide.... we're all holding our breaths because their previous office buildings have just been functional... .
.the main avenue of makati that bears their name and was/is the centre of their universe is really a most non-descript ordinary street, wrapped in darkness during the evenings and besieged by outrageous jeepneys and buses smoke belching all the way..
it is believed that ayala avenue is privately owned and so not maintained by makati council and hence the onus is with ALI to make it somewhat more dignified

The PSE architect is SOM, if i remember it right. Same architects who did Ayala Tower One and Roxas Tower.

Hopefully SOM will still be the architect for the PSE project. SOM is a OK! :okay: :okay:

Hopefully SOM will still be the architect for the PSE project. SOM is a OK! :okay: :okay:
it seems that aside from Jerde and IMPei (both of whom have had only 1 project each) SOM and architectonica are the only other foreign architects involved in this building boom..and why is SOM so popular a choice with hundreds of eminent firms overseas to tap from...

would it also be fair to say that the nicest buildings are the ones which involved the foreign firm whereas those using local talent were given small budgets hence ordinary renderings

^^ include HOK for Landmark 66 ;)

..would it also be fair to say that the nicest buildings are the ones which involved the foreign firm whereas those using local talent were given small budgets hence ordinary renderings

^^ exactly... they cannot max their budget since they have so many projects in the pipeline and some of those are u/c. but definitely, this building will have our thumbs up since ali is not the only entity concerned here... a consolidated pse deserves an iconic workplace, so i'm betting they must be pressured to deliver a strong, iconic building... as for ali condos, they are certainly looking better in time...

^^ include HOK for Landmark 66 ;)

and original Bonifacio masterplan.

http://i20.photobucket.com/albums/b210/ofngol/2008/DSC07715x.jpg



quite excited ,too , on how the highstreet extension will look like :)

fbdc told me that this project has been moved back to a further start date as is high street extension. Start date now is dec 09 for hi st. and pse may be after that. Things are currently fluid with fort boni with the price increases and sentiments of overbuilding.

hmmm... so that is why the back hoes on the old Adidas Kamp site has stopped their digging...

what do you think is the main reason for ayala to put on hold the construction of this project? pati din ayala mind museum ang bagal din ng construction progress? is it because of inflation reasulting to higher construction cost? sayang sana sabay ang construction dapat ng pse with shang. when shang gets done baka maging maingay padin there coz by that time pse will still be constructing.

Matatapos na yung construction ng Shang by 2010. PSE will just start pa lang by 2010.

I don't get it why Ayala has to postpone the project. This is no ordinary project. This is the Unified Philippine Stock Exchange. This is a landmark project that surely is not wanting in tenants and brokers.

Maybe they realize the global economy slowdown and don't want to be caught in the middle of it with such a big project...

Maybe they made a study and determine that the demand for the PSE in BGC is not what they expected...
And realize that their current locations would still be functional for now...

That's why I don't care whether the building would be iconic, round or square... As long as they build it...
Now we might have to wait for 2010 or even longer...

urong...sulong... :ohno:
ituloy nyo na kahit triangle na lang :D

huwag magagalit ang mga tao dito pero ina asahan ko ng mangyayari ito. una na sa lahat ay tama bang ilipat ang PSE dito ay halos lahat ng building na tinatayo dito ay puro residential. pangalawa, ay dahil dun sa cementeryo. maraming negosyo sa pinas ay pag aari ng intsik at yung iba naman kahit hindi intsik ay naniniwala sa feng shui.

:hilarious

wala bang
sementeryo
sa makati??

^^^mayron pero malayo sa ayala ave na kung saan halos lahat ng headquarters ng mga kumpanya ay nakatayo. :D

We build what investors can afford and what gives them sufficient profits to undertake the project..............

although at least once at The Fort it would be nice if this could be done especially since the Fort could be decribed as an airport hotel location since driving time from T3 can be as fast as 10 minutes

someone may wish to download the photo from
http://www.smh.com.au/news/south-east-asia/futuristic-waferthin-hotel/2008/08/28/1219516646042.html


Briar Jensen stays in a futuristic airport hotel that 'projects' over Hong Kong.

I'm staying inside a giant LCD screen. That's what the Novotel Citygate Hong Kong looks like from the outside. It's so unbelievably wide and thin, its glass sides resemble a TV screen, albeit a mighty big one. Often airport hotels, given their location, are inconvenient for business, shopping and sightseeing. However, Novotel Citygate at Tung Chung, on Lantau Island, while five minutes from the airport is only 30 minutes from the city centre. It's connected to Hong Kong's only outlet shopping centre (offering 30 to 70 per cent off retail prices) and is close to some of Hong Kong's best attractions.

Many airport hotels also lack panache. Not so Novotel Citygate. Designed by award-winning Hong Kong architect Steve Leung the hotel oozes innovation. The contemporary, minimalist design is subtle and elegant, yet more importantly, comfortable and practical.

In an unusual move, the hotel interior was designed first, with the exterior designed around it to ensure the rooms were not compromised, maximising their form and function.

My suite is a fine example of the method's success. Like the hotel itself, it is long and narrow. Rather than windows, I have a wall of glass, framing the expansive views. It really does feel like I'm inside the LCD screen looking out. This maximises natural light and together with the higher ceiling makes the room feel airy and spacious.

The king-size bed faces the view and my 107-centimetre LCD TV (with personalised welcome message) hangs in front of the window. To one side is a generous sitting area with sofa and coffee table and on the other is a decent-sized desk, though bizarrely it faces away from the view. Furnishings are contemporary without being funky, with an emphasis on timber.

The bathroom, although narrow, feels huge, running the full length of the room. All glass, mirrors and light-coloured timber it takes a few (desperate) seconds to find which glass panel conceals the toilet.

There's oodles of vanity space even with two hand basins, but I can't find the hairdryer (I later learn it's in a drawer so discreet I don't notice it).

Luxuriating in the spa bath is heaven, especially as I can watch TV at the same time. The rooms are surprisingly quiet with windows triple-glazed and acoustic mats under the tiling to absorb vibration from the passing planes.

Admiring the bamboo-filled water feature outside the hotel's entrance I learn it's been designed by a feng shui master to enhance wellbeing and permit the flow of wealth. (Though I'm not sure if that's wealth to guests or hotel management.)

the postponements can mean anything. we all have our different opinion about it. but i think they are just playing it safe, wait-and-see kungbaga. this may be because of the changes in the general atmosphere of business. many developers are concerned with what might happen in the near future, but it doesn't mean na tititigil na yung boom. delayed nga lang siguro, but the idea hasn't been flushed down the toilet yet. :)

o cge kahit delayed yan PSE. pero gawin na yun museum. :D

fbdc told me that this project has been moved back to a further start date as is high street extension. Start date now is dec 09 for hi st. and pse may be after that. Things are currently fluid with fort boni with the price increases and sentiments of overbuilding.

Matatapos na yung construction ng Shang by 2010. PSE will just start pa lang by 2010.

I don't get it why Ayala has to postpone the project. This is no ordinary project. This is the Unified Philippine Stock Exchange. This is a landmark project that surely is not wanting in tenants and brokers.

Just curious but given the crappy market conditions around the world, the Philippines being no exception (and it is SO SO dependent on the US capital inflow regardless of how well local companies are doing its not even funny ), is it even justified for the PSE and its backers to undertake such a large investment in infrastructure? If the PSE was booming like crazy when this project was re-announced, then no doubt they can easily go for it. But given the extreme turmoil in the markets, I wouldn't be surprised if this project was pushed back yet again. After all, this was suppose to have been done in 2004 with a much more ambitious Capital Place. We saw a much nicer design inspired by Commerz Bank only to be redesigned for another possible box. So at this rate, its anyone's guess what really will happen to this project.

My best guess as to why this along with the mind musuem construction is being put on hold is the US subprime mortgage crisis which directly affects the stock market around the world. The Ayalas probably had a feel to what was about to going to happen beforehand that is why they are postponing or at worst canceling these two megaprojects. As long as the financial storm in the US does not go away which obviously affects the Philippine stock market, don't expect construction to start not even a fence and signage on their corresponding lots in Fort Bonifacio.

^^point taken. but i think we have to hear from insiders on what's the plan already for these projects. i hope they do continue these projects kahit delayed man lang.

shout to ayala: you guys can do it:grouphug:

I think this project will push through. FBDC (not ayala alone) wants it and knows it needs it if they will be positioned as a CBD. Both Ayala and even Ortigas are established, but the Fort has mostly BPO's which currently have an issue with the mass transport for their people. Nevertheless, long run considerations for them make it a very good bet that this will push through in the short term rather than the long term. Same with the mind musuem, FBDC has a sinking fund for all these types of works, whenever a piece of land is sold 1% of all the value goes toward public art etc, I'm not sure but I think this would be one of the projects.

The Unified PSE will be 50+ stories according to this article and will start the end of this year. Great News! :banana:


The Fort: A frenetic pace of development
By Tina Arceo-Dumlao
Philippine Daily Inquirer
09/21/2008
http://business.inquirer.net/money/features/view/20080921-162051/The-Fort-A-frenetic-pace-of-development

THE former military base in Fort Bonifacio, Taguig City, is a picture of frenetic construction activity.

Huge cranes operate day and night to pour concrete into new office buildings, residential condominiums, schools and hospitals that will change yet again the skyline of this new central business district.

Orchestrating the development is the Bases Conversion and Development Authority, a government corporation formed in 1992 to convert the former US military bases and Metro Manila military camps into centers of economic growth.

BCDA, under chair Aloysius R. Santos, is on its way to fulfilling its mission, not just in the former Fort Bonifacio, but in its other areas of responsibility, including the Clark and Subic military reservations and Camp John Hay in Baguio City.

Santos recently sat with the Inquirer and discussed how far Fort Bonifacio has come in terms of development and where he wants to see it go under his watch.

Q: What was the state of development of Fort Bonifacio when you came in?

A: When I assumed the chairmanship of the BCDA in November 2006, the development of the Bonifacio Global City was already being undertaken both by Fort Bonifacio Development Corp., which is controlled and managed by the Ayala-Campos Group for a 150-hectare-area joint venture with BCDA, and by BCDA itself for the other BGC areas.

From the prolonged real estate crisis that started in 1997, it was only in 2007 when land values and rental values in Bonifacio Global City recovered and returned to the pre-1997 levels. It was only in 2007 where land prices have again reached more than P135,000/sq.m., together with office rental values at P700-1,000/sq.m. and rental rates for high-end condominium units like Pacific Plaza Towers at more than P200,000 per month. Also in 2007, Pacific Plaza units have sold at the P28- to P32-million level, which were the prices at its onset.

There were relatively few completed and startup projects in Bonifacio Global City when I first came on board. In 2003, there were only seven projects completed, bringing the total accumulated projects from the very beginning to only 28, with a developed gross floor area (GFA) of 718,000 sq.m. By 2006, there were nine projects completed for the year, bringing the total to 51 projects completed, covering 798,000 sq.m. of GFA.

In 2007, there were 17 projects completed, the highest for one year in the history of Bonifacio Global City, bringing the accumulated total to 68 projects, covering 1,051,000 sq.m. GFA.

This trend is clearly being sustained because there will be 14 projects completed by 2008, accumulating to 82 total projects of 1,359,000 sq.m. Not only were there more projects completed but the projects covered more gross floor area and would double the gross floor area in a span of only two years.

Based on building applications so far received, and including the Expanded Big Delta lots, which were recently sold to the Net Group headed by Charlie Rufino and Jacques Dupasquier, there will be 128 total projects completed in 2012, covering 2.6 million sq.m. of GFA.

In real terms in 2006, we only had the schools, very few office buildings like Net One and Net Square, and several residential condominiums like Pacific Plaza and Essensa. Market! Market! opened only in 2004. Bonifacio High Street and the Serendra retail strip only became fully operational in 2007.

This year, the 66-story Shangri-La Hotel commenced construction and, by the end of 2008, we shall break ground both for the 50-plus-story Philippine Stock Exchange Building and the Science Museum.

The development of the North Bonifacio (North Boni) area, bounded by Kalayaan Avenue and which comprises about 25.8 hectares, started in the first quarter of this year. The North Boni area includes the Metrobank/Federal Land [property] with 10.5 has., within which will rise a 66-story tower to house an international five-star hotel.

Q: What do you think are the factors behind the frenetic pace of development today?

A: Starting 2007, there were many factors which contributed to this fast-paced development of Bonifacio.

We start with the takeover of Ayala Land Inc. and the Campos Group in FBDC, which brought a fresh wave of confidence and optimism in the development of Bonifacio Global City, coupled with the infusion of new capital and substantial resources.

Secondly, the admirable growth of the Philippine economy brought new investments to Bonifacio.

Thirdly, the remittances of the overseas Filipinos (workers, balikbayans and professionals) fueled the residential market.

Fourthly, the growth of the call centers and BPOs spurred the office sector as well as the residential and retail/entertainment sectors.

Fifth, the government and BCDA embarked on an honest-to-goodness privatization program which encouraged and set the environment for more investments and public-private sector partnership.

As importantly, a major factor is the BCDA organization itself, which drives BCDA’s contribution to this frenetic pace of development not just in Bonifacio but also in other former military bases as well.

Under its charter, BCDA’s main strategy for conversion, development and disposition is privatization. BCDA -- from its board, to its management, and down to its staff members -- believes and advocates close partnership with the private sector. The pivotal and crucial role of the private sector is recognized and highly regarded. The BCDA Board is a multidisciplinary and collegial decision-making body composed of representatives from the private sector, the labor sector, experts from the academe, practitioners in finance and business and socio-civic organizations.

Q: What was the major turning point?

A: The main turning point is the turnaround of the real estate sector in the latter part of 2006, hand-in-hand with the robust economic growth of the Philippines in 2007.

Q: Do you see growth continuing? Why or why not?

A: Growth will continue. Overseas Filipinos will continue to invest and the BPOs will continue to grow. In fact, the near-recession situation in the United States is spurring major US companies to outsource business processes because of lower costs.

Many international investment funds and foreign investors, especially China, continue to be very bullish on Philippine real estate.

With sustained growth of the Philippine economy, there still remain major opportunities, especially with the support of President Macapagal-Arroyo’s administration and her policy to attract and encourage foreign investment in this area of land development.

Admittedly, there are present vulnerabilities that are apparent, like price increases in construction materials, rising world oil prices, weakening of the US economy and those of other western economies, the subprime crisis in the US, and the decline of several stock markets abroad, including that of the Philippines. Today, we have double-digit inflation, which is evident in increasing food prices and even a slight uptick in interest rates despite the liquidity of the banking system.

For Fort Bonifacio, however, I can still see growth even in the face of these threats because, overall, the Philippine real estate industry has a life of its own, and the development here at the Fort has gained momentum due to its model-city quality-of-life development.

Q:. What is driving the growth of the real estate industry in general?

A: First, continuing growth of Philippine economy. Second, growing overseas Filipino workers remittances, projected to be at $16 billion (as per data from the Bangko Sentral ng Pilipinas) this year. Third, continuous growth of the BPO sector. As per Megaworld, which is developing four major BPO hubs, two of which are in Global City, BPO demand here in RP will not only increase but will be accelerated.

Q:. What do you think makes Fort Bonifacio unique and in a position to attract a lot of investments?

A: Fort Bonifacio is unique because :

• Its location, being next-door to the Makati Central Business District and near access to the Naia Airport (Naia Terminal 3 is on BCDA property);

• It is world-class (underground utilities, infrastructure, design standards, anchor locators, etc.);

• Presence of a major state-of-the-art hospital—St. Luke’s —which will be the model for hospital tourism in Southeast Asia;

• It has ample open spaces, amenities, and institutional areas (largely for education) to serve its locators;

• It is not congested like Makati, and will not be congested because of the strict adherence to the floor-area-ratio (FAR) where, as they say, buildings are allowed to breathe, and having in place a master plan of high international standards;

• It builds on the name of Ayala, Megaworld and other well-known and credible developers;

• It offers a quality of life than most developments; and,

• The support provided by the city government of Taguig.

Q: Does BCDA just accept any investment or does it screen buyers? If you do weigh investments, what do you look at when evaluating project proposals?

A: In Fort Bonifacio, as well as for the other former military camps in Metro Manila, BCDA always uses a competitive selection process, e.g., bidding, for the developers/buyers/joint venture partners.

Moreover, it is not just the price that is a consideration in the privatization and dispositions of real estate assets of
BCDA, but more importantly, the reputation of the JV partner or of the property buyer.

Thus, BCDA seriously considers the financial and technical capability, commitment, credibility and track record/reputation of its developers. A developer should be able to bring great value to the development. As a result, BCDA selects only the best developers as partners or as property buyers.

Q:. How do you see Fort Bonifacio five years from now? What is your vision for the Fort?

A: In five years, Fort Bonifacio will continue to be a rapidly developing global city, involving major foreign investor/developers. As mentioned earlier, the development has already shifted from the Expanded Big Delta Lots, which is in its eastern portion, adjacent to Manila Golf, to the North Bonifacio area.

Presently, BCDA is jointly developing roads and utilities in North Bonifacio with Metrobank/Federal Land as well as with FBDC.

So, from the residential-dominated development at the onset, development will be more oriented to that of offices, commercial, entertainment and even institutional. Bonifacio shall be a primary business district with a strong mix-use component.

BCDA intends to push the frontiers of Bonifacio towards the south to link with the Villamor and Nichols Base areas. Already, BCDA is preparing the development and disposition plans for its remaining properties, south of Bonifacio Global City, to be called Bonifacio South, covering 93 hectares. This will be another major-scale development which should attract more investors, both foreign and local.

Aside from being the home of passionate minds, Bonifacio Global City will be a city with a vibrant soul. The amenities that are sometimes forgotten in the single-minded pursuit of real estate profits shall be established. Examples are cultural centers, convention centers, concert halls, art centers, sports stadium, science museum, parks and plazas, and even a civic center.

Bonifacio will be the showcase of successful public-private sector partnership.

Bonifacio shall be a City for the Mind, the Body, and the Soul, and as its motto states—“The Way Life Should Be.”

^^^^^^

Thank you Boe for posting that article here. I've actually read the same article in the Inquirer - "hard copy" version yesterday (Monday, Manila time).

I was actually confused regarding the postponement of the construction of the PSE....

Anyway, let's see what happens in the last quarter of this year - if we see the sites being fenced, then it means that construction is pushing through.

i actually haven't read anything "official" about the postponement of the Unified Stock Ex project. or meron ba? i might have just missed it. somebody just mentioned it's going to be postponed.

^^^^
There is none on the postponement. I am elated with this, 82 projects in 2008 and by 2012, 128 total projects in Fort Bonifacio alone. In addition, other parts of Metro Manila have buildings/towers under construction. :)

This trend is clearly being sustained because there will be 14 projects completed by 2008, accumulating to 82 total projects of 1,359,000 sq.m. Not only were there more projects completed but the projects covered more gross floor area and would double the gross floor area in a span of only two years.

Based on building applications so far received, and including the Expanded Big Delta lots, which were recently sold to the Net Group headed by Charlie Rufino and Jacques Dupasquier, there will be 128 total projects completed in 2012, covering 2.6 million sq.m. of GFA.

I hope that in the future developments of BGC, they include more tourism related structures like more hotels (big international chains) and recreational facilities, having international companies to invest in BGC will surely bring the value to the land and will be recognized by the whole world.

50+ box? sana mg mukha syant yung old wtc

PSE transfer to Fort Bonifacio faces delay

The construction of a unified stock exchange in the posh Bonifacio Global City in Taguig may take longer than originally intended due to changes in the master plan of the project.

"We are still awaiting the design. That's the real issue we need to address," Philippine stock Exchange (PSE) president Francis Lim said, denying earlier reports that higher building costs were the reason for the delay.

The PSE was supposed to relocate its offices and trading floors in Fort Bonifacio in two years. Lim said they were also eyeing a site in the area that is accredited by the Philippine Economic Zone Authority to be able to avail of fiscal incentives.

Now, the stock exchange is targeting to transfer operations by 2013, with the groundbreaking ceremony for its new site set for 2009.

Earlier, it got the go-ahead signal from its board for the signing of a memorandum of agreement with property giant Ayala Land Inc. and Fort Bonifacio Development Corp. for the construction of the new building.
The stock exchange is currently trading in two separate locations, in Ayala Tower in Makati and its head office in Tektite in Ortigas.

as of 10/03/2008 3:08 PM

inintay daw nila yung new model? pero sana maumpisahan na nila eto at dapat mala wall street http://i38.photobucket.com/albums/e108/bartpic/timessqure.jpg at time square http://i38.photobucket.com/albums/e108/bartpic/wallst.jpg ang dating para more encouraging naman sa mga potential investor!

PSE plans to build Fort headquarters

Last Updated (Thursday, 01 January 1970 01:59) Written by James A. Loyola Monday, 06 October 2008 11:09

Despite delays in the planning for the construction of its new headquarters in the Bonifacio Global City, the Philippine Stock Exchange continues to hope to break ground on the new site before the end of 2009.

In an interview, PSE president Francis Lim said this is PSE director Vivian Yuchengco’s target for the groundbreaking while completion of the building is expected in 2013.

He explained that the delay was due to the decision to move the PSE building to another lot since the original lot had become too crowded with too many buildings around it for a prestige edifice.

Lim said the transfer required a revision of the design and plans for the building and this is taking more time.

PSE shareholders earlier approved a proposal to swap the original lot in Fort Bonifacio Global City donated to it by Fort Bonifacio Development Corporation in exchange for space in a new building to be built on a much prestigious site.

Lim said they had initially hoped to move in to their new and unified headquarters and trading floor in Fort Bonifacio by the first quarter of 2010 if construction had started as planned in the third quarter of 2007.

While the PSE will get at least 5,000 square meters in the new building, it has the option to get more space if it also swaps its existing offices and trading floor in Ayala.

ahhhh that sounds like good news for some reason !!! I'm worried

alam nyo.. kasalan nito ng Shangri-La. Gah!! :lol:

everything is all good then at least they want this structure to stand out, but I think they are holding out because of the US economic situation plus the up coming US presidential elections.

So lilipat na sila? they are not be building beside shang already? I think thats an unlogical reason to say that the delay is because the area is too crowded already. i mean who does not want to be beside shangrila? I think the delay is more because of the worldwide crisis than the area being too developed (crowded?).

let's just forget about PSE at the moment.
isa lang ibig sabihin, PSE at the fort isn't going to be a reality in at least 5years.

nakaka-walang gana :ohno:

So lilipat na sila? they are not be building beside shang already? I think thats an unlogical reason to say that the delay is because the area is too crowded already. i mean who does not want to be beside shangrila? I think the delay is more because of the worldwide crisis than the area being too developed (crowded?).

:)greetings @kriskelv. tulong lang ha..please don't be offended...try illogical instead of unlogical. regards!:cheers:

:)greetings @kriskelv. tulong lang ha..please don't be offended...try illogical instead of unlogical. regards!:cheers:

^^^^:lol::lol:

PSE plans to build Fort headquarters

Last Updated (Thursday, 01 January 1970 01:59) Written by James A. Loyola Monday, 06 October 2008 11:09

Despite delays in the planning for the construction of its new headquarters in the Bonifacio Global City, the Philippine Stock Exchange continues to hope to break ground on the new site before the end of 2009.

In an interview, PSE president Francis Lim said this is PSE director Vivian Yuchengco’s target for the groundbreaking while completion of the building is expected in 2013.

He explained that the delay was due to the decision to move the PSE building to another lot since the original lot had become too crowded with too many buildings around it for a prestige edifice.

Lim said the transfer required a revision of the design and plans for the building and this is taking more time.

PSE shareholders earlier approved a proposal to swap the original lot in Fort Bonifacio Global City donated to it by Fort Bonifacio Development Corporation in exchange for space in a new building to be built on a much prestigious site.

Lim said they had initially hoped to move in to their new and unified headquarters and trading floor in Fort Bonifacio by the first quarter of 2010 if construction had started as planned in the third quarter of 2007.

While the PSE will get at least 5,000 square meters in the new building, it has the option to get more space if it also swaps its existing offices and trading floor in Ayala.

Siguro naman, mas better ang render at ang structure. I hope.

Pero di ba dun sa tatayuan ng PSE at ng Shang ay yun yung most prestigious land na pwedeng mai-offer ng BGC?

Anybody knows where the new PSE location will be?

PSE plans to build Fort headquarters (at new location)
By James A. Loyola
Manila Bulletin
http://www.mb.com.ph/issues/2008/10/06/BSNS20081006137137.html

Despite delays in the planning for the construction of its new headquarters in the Bonifacio Global City, the Philippine Stock Exchange continues to hope to break ground on the new site before the end of 2009.

In an interview, PSE president Francis Lim said this is PSE director Vivian Yuchengco’s target for the groundbreaking while completion of the building is expected in 2013.

He explained that the delay was due to the decision to move the PSE building to another lot since the original lot had become too crowded with too many buildings around it for a prestige edifice. Lim said the transfer required a revision of the design and plans for the building and this is taking more time.

PSE shareholders earlier approved a proposal to swap the original lot in Fort Bonifacio Global City donated to it by Fort Bonifacio Development Corporation in exchange for space in a new building to be built on a much prestigious site.

Lim said they had initially hoped to move in to their new and unified headquarters and trading floor in Fort Bonifacio by the first quarter of 2010 if construction had started as planned in the third quarter of 2007.

While the PSE will get at least 5,000 square meters in the new building, it has the option to get more space if it also swaps its existing offices and trading floor in Ayala.

the new design should be really really good if they want it to stand out! ;)

ohhh.. hmmm san kaya nila ililipat yung PSE.. hmmm... di kaya somewhere sa gilid gilid ng BGC para visible.. hehehe... or baka somewhere near Serendra kung saan may low rise buildings...

Maybe they realize the global economy slowdown and don't want to be caught in the middle of it with such a big project...

Maybe they made a study and determine that the demand for the PSE in BGC is not what they expected...
And realize that their current locations would still be functional for now...

That's why I don't care whether the building would be iconic, round or square... As long as they build it...
Now we might have to wait for 2010 or even longer...

^^case in point. I mean, year 2010 pa nga ba? Baka may rayuma na tayo hindi pa naghuhukay..

The current worldwide financial crisis will test the limits of ayala as to whether or not they will deliver what they've promised all along. This could possibly be the most viable(if not the only) long-term financial lifeline for fort boni considering it is still a development in 'infancy' after ALL these years. We'll see how 'ayala pride' can prove it's mettle risking billions in spending for such a hyped project. Quite curious how they will put up in combat conditions..

Ever since the idea of the planned PSE transfer to fort boni was broadcast here, and by virtue of the very length of this thread--which could circle earth many times over, should be enough reason for ayala to sacrifice a few billion pesos just to get it done. And get it done now. Not next year, not in 2010, or not in 2025.:ohno:

They now say its going to be near the HSBC building at the fort. And pau sori ah if I made a grammatical error I'm not as smart as you!:bash:

They now say its going to be near the HSBC building at the fort. And pau sori ah if I made a grammatical error I'm not as smart as you!:bash:

^^i think you'll have to apologize to chictown too..just kidding:lol:

They now say its going to be near the HSBC building at the fort. And pau sori ah if I made a grammatical error I'm not as smart as you!:bash:

sorry.. may na-correct ba ako sayo?...

anyways... near HSBC?.. hmmm... I hope it's not the lot beside HSBC which is not squarish.. or maybe those two lots along 32nd street across St. Luke's and beside Fort Legend...

I think their currect location is just fine... Super prime location - lalo na katabi ng Shang...
Near HSBC is more crowded IMO...

Unless theY saw the plan for Netropolis Center and decided that it will really be crowded... :lol:


http://www.readyforoccupancy.com/BGC-004.jpg

I agree that the old location is way better and way primer. Netropolis is at the center of global city and was described as the last prime area at the Fort before it was sold to the Net group. I would rather be located near this project, Shangrila and Ayala Mind Museum than the HSBC side. Maybe they want to decrease the cost of the project because of the recent financial crisis and escalation of construction materials. I suspect that the lots near HSBC are a little cheaper than the one in Shangrila area thats why they decided to move to save money.

By the way my apologies Pau. My message was directed at Chictown not at you. My mistake :)

yeah cost may be a good reason for their change of mind... hmm.. I hope that they keep the general design of the building rather than overhaul it..

@kriskelv... no prob..:D

pse is still the same location as per the image plan provided above

nope.. that image is maintained by pips here in SSC.. di po sya official... so that will be changed...

I think that Metrobank is trying to give a bigger donation to the PSE in exchange that its building be located in the North Boni. I heard that they will build larger roads and pedestrian lanes in North Boni.

If they will do that, the center of gravity of commerce and trade in the Philippines will shift from BGC to North Boni. Obviously there's an ongoing tug of war between, FBDC and Federal Land/Metrobank to locate PSE in their turf.

I just hope that whatever they decide on, it should be settled soon. FBDC and Ayala has invested heavily on designs, masterplans and infrastructue to ensure that it retains the PSE on its turf.

Just like the economy in Wall Street, we won't know for sure what direction this will take next. Im just thinking that for PSE to change its mind and to reconsider other locations must be an indication of a new and better location that has been presented to PSE for consideration. In the end, Federal Land could have proposed a real iconic PSE this time in North Boni as compared to the PSE as presented by Ayala and FBDC in BGC.

If PSE does go to North Boni... Its still in the BGC area, right?
Its not as if PSE goes to Ortigas or Makati or Libis...

Another high profile project will just take place...
That super prime location... Maybe a Trump tower or something bigger...

North Boni might actually need the PSE more than BGC south...
BGC is already stacked with nice projects... It might help speed up the delopment of North Boni...

They haven't officially included North Boni to BGC.

I agree. North Boni needs PSE more.

It needs to attract high profile projects in its turf. And in the face of a global recession, all the more they need PSE to be a magnet for financial institutions.

Ayala needs BGC also to legitimize its stake in BGC as the new CBD. It won't take this challenge sitting down. It will provide more perks to make it very difficult for PSE to locate elsewhere than the Crescent West Superblock area.

Pls. clarify for me...

North Boni is not part of BGC but is part of Fort Bonifacio?
So North Boni is just like McKinley Hill but its attached to BGC...

What's common with BGC, North Boni and Mckinley hill is the BCDA stake in all of the projects.

the latter is true.

So North Boni is just like McKinley Hill but its attached to BGC...

The matrix of ownership of the three properties:
Mckinley Hill- BCDA and Megaworld
BGC- BCDA and Ayala with Campos
North Boni- BCDA with Metrobank

^^ That's right. And additional info for North Bonifacio, only around 2/5 of its almost 26 hectares are co-developed by Federal Land (Metrobank) with BCDA, the rest will be developed by BCDA in partnership with a yet to be determined firm.