http://www.bworldonline.com/BW090108/content.php?id=043

Ortigas & Co. to build RP’s tallest structure; expansion plan bared
K. J. R. Liu
BusinessWorld
September 1, 2008

PROPERTY DEVELOPER Ortigas & Co. Ltd. Partnership is erecting in Pasig City what it hopes to become the country’s tallest building.

The 75-storey structure will rise on a one-hectare property in Ortigas Center, Deputy Chief Operating Officer and Shopping Center Division Head Joselito F. Santos said in an interview last week.

One Galleon Place will become the country’s tallest building, beating the 52-storey PBCom Tower in Makati and the world’s eighth tallest building, the 69-storey Shun Hing Square in Shenzhen, China.

Mr. Santos said the skyscraper would be divided into two portions — the upper half dedicated to a five-star hotel and the lower half for office units.

No date has yet been given for the project. "It is in the plan. As of the moment, we are still concentrating on our other projects," Mr. Santos said.

The Ortigas group also plans to start the second phase of renovating Greenhills Shopping Center in San Juan by 2010, as it adds at least 50,000 square meters more to its 100,000-square meter floor area.

"We plan to have a bigger Greenhills [by setting up] new buildings and having better amenities. We plan to invite brands like Mango and Zara although we are not going high-end with our stores," Mr. Santos said.

The company also wants to widen the space of the mall’s bazaars, which he said gives Greenhills its unique identity.

Aside from expanding Greenhills, Ortigas & Co. is also expanding the Music Museum by 2010 so it can have up to 1,000 seats where plays, concerts and other performing arts can be held. Construction will start next year, Mr. Santos said.

Like other property developers that have diversified into the outsourcing industry, Mr. Santos said the company would start the construction of two of four business process outsourcing (BPO) buildings at Tiendesitas in Pasig by the fourth quarter.

The company earlier disclosed a plan to build four BPOs at the Tiendesitas complex to take advantage of the growing demand for office units from the outsourcing industry. "Demand is still strong," he added.

The four-storey BPO buildings will stand on a 20,000-square meter property. The first two buildings are expected to start operating by the first quarter of 2010.

"We hope to start the construction of the third and fourth buildings by the middle of next year," Mr. Santos said.

"The BPOs will not compete with the residential buildings although they have become a bigger component of the company’s business portfolio," he added.

The company earlier said that it was spending P15 billion over the next decade to convert a 12-hectare property in Quezon City into a mixed-use community.

The project, which will target the middle-income market, will consist of residential condominium units and townhouses.

It will have 5,000 units in low- and high-rise buildings, with price tags ranging from P2.5 million to P3 million per unit.

The first phase of the project will involve the construction of five buildings this year.

Wow, Ortigas is finally catching up!

dwarfing Metrobank by several floors...:)

cool. that's tall. where exactly in Ortigas?

This will rock Ortigas Center....a towering skyscraper!

We're finally gonna beat Bangkok, IMO!

woohooo.... I hope this becomes a reality!!!

I hope this would not be an EGI SkyCity. I have my fingers crossed. :)

Shung Hing Square/Shenzhen/1,260 ft (384m). One Galleon Place will be taller!

is this for real? where exactly are they going to build it?

Can't wait for this! So happy to hear more supertall developments in the Philippines! :D

wee... this will be the tallest building in the philippines...:)

^^ agree. i'm taking this announcement with a grain of salt. too sketchy.

http://www.bworldonline.com/BW090108/content.php?id=043

Ortigas & Co. to build RP’s tallest structure; expansion plan bared
K. J. R. Liu
BusinessWorld
September 1, 2008

PROPERTY DEVELOPER Ortigas & Co. Ltd. Partnership is erecting in Pasig City what it hopes to become the country’s tallest building.

The 75-storey structure will rise on a one-hectare property in Ortigas Center, Deputy Chief Operating Officer and Shopping Center Division Head Joselito F. Santos said in an interview last week.

One Galleon Place will become the country’s tallest building, beating the 52-storey PBCom Tower in Makati and the world’s eighth tallest building, the 69-storey Shun Hing Square in Shenzhen, China.

Mr. Santos said the skyscraper would be divided into two portions — the upper half dedicated to a five-star hotel and the lower half for office units.

No date has yet been given for the project. "It is in the plan. As of the moment, we are still concentrating on our other projects," Mr. Santos said.

The Ortigas group also plans to start the second phase of renovating Greenhills Shopping Center in San Juan by 2010, as it adds at least 50,000 square meters more to its 100,000-square meter floor area.


I guess we should not get super excited on this supposed project yet.

Can someone among us here tell the exact location where this project is going to be? Humina ang radar ko sa Ortigas Center bigla :lol:

OMG, kinilabutan ako! i'll seriously stop smoking now or else baka i'll be dead na before this project gets erected. :eek2: :lol:

taller than 384m?? :banana:

pretty please, itayo nyo 'to!! :lol:

Whoa. This just made my day! 75 storeys? That's a sure Supertall! Hoping for 390+ meter tall tower. Please lang! :nuts: I'm really excited. :banana:

Is there a thread for this in the Supertall section?

^^ no need for a new thread just yet. we will have to wait for an official announcement and rendering ;)

^^ oh is that so. Okay :)

hopefully matuloy na tlga to..

:omg:REN-DE-RING! REN-DE-RING! hehehe.. excited eh!:lol:

I do share some reservations myself, even if the project starts tomorrow and money is not an issue, a million things can happen that could stop it. The Lopezes and Ayalas have money too but you don't see them building their envisioned supertalls (i.e. Lopez Tower, Ayala Tower 3).

I am not really surprised that the Ortigas family would want to have their own "legacy tower" as a motivation. Most tycoons in the Philippines already have one and the closest thing the Ortigas's have of a legacy tower is Tektite Towers (which is perhaps their most successful development). But with the PSE moving to BGC, clearly a physical landmark would be the way for the Ortigas's to mark their spot in the cityscape. One Galleon Place at its current form, if built, would beat any of the mega projects being planned or underconstruction such as Landmark 66, Lopez Tower and so on.

As for the location, is the parking lot between Strata 100/Ortigas Park and Jollibee Centre/Padilla Building approximately one hectare? Or perhaps the lot between Taipan Place and Prestige Tower? Those two large plots seem to be the most logical place to put this building, I'm assuming they are still owned by Ortigas and Co and it makes sense to put a project of this magnitude on "Francisco Ortigas III Avenue".

ito yata yung lot beside ng cityland tower infront niya yung adb and sa likod yun robinsons east of galleria. open parking lot

^^ agree. i'm taking this announcement with a grain of salt. too sketchy.

Me too. It's nice to hear, but they don't even have a timeline for this project yet.

ANG SAYA! :applause:

ANG SOSYAL! :applause:

:omg:REN-DE-RING! REN-DE-RING! hehehe.. excited eh!:lol:

REN-DE-RING! REN-DE-RING!
REN-DE-RING! REN-DE-RING!
REN-DE-RING! REN-DE-RING!
REN-DE-RING! REN-DE-RING!

the rendering
will be
released
in


2010.

kidding.
but not
impossible.

Marami nanamang maiinggit sa "Imperial" Manila nito!:baeh3:

ito yata yung lot beside ng cityland tower infront niya yung adb and sa likod yun robinsons east of galleria. open parking lot

Could be. But the lot size...
http://i20.photobucket.com/albums/b210/ofngol/2008/onegalleonplace.jpg

well to see is to believe, these guys are very conservative so I reserve my excitement , that's a very expensive project and while they have the money am not sure they have the gumption but lets see I hope we can all be pleasantly surprised.

The article said a 1 hectar lot so the only place I can think off that is still that big but belongs to them is the lot and car park fronting ADB. I'm not sure they have anything else left. I refer to Ortigas and Company lots only.I think of the same lot, too, Peter, 9,675 sq.m., between ADB and Podium. There's no other lot within the Center that's near this size that's still vacant.

Parang mas swak nga sya dito kaysa dun sa isang location...
http://i20.photobucket.com/albums/b210/ofngol/2008/onegalleonplace2.jpg

Could be. But the lot size...
http://i20.photobucket.com/albums/b210/ofngol/2008/onegalleonplace.jpg



Parang mas swak nga sya dito kaysa dun sa isang location...
http://i20.photobucket.com/albums/b210/ofngol/2008/onegalleonplace2.jpg

The lot size I posted earlier is based on the Ortigas Center subdivision plan I have here as reference, 9,675 sq.m.. Ito na yun, wala ng iba.

^^ Ah, that's a very reliable source, I think it's settled then, that's the lot, case closed! The case may only be reopened if an appellant submits substantial evidence that will prove it is actually not the lot for One Galleon Place. :D

picture picure......

yup totot si shazam!

i think the big question really is matutuloy ba itong project and if yes what kind of timetable are they really thinking off. baka naman muni muni lang ito. i hope i'm wrong as I'd like to see a supertall classy building here in ortigas it's just that supertentative ang PR statement na binigay nila.

Parang mas swak nga sya dito kaysa dun sa isang location...
http://i20.photobucket.com/albums/b210/ofngol/2008/onegalleonplace2.jpg

One Galleon Place when built should dwarf the old St Francis twins beside it. Yey! :)

^^uh that's the wrong lot...

^^^^uh that's the wrong lot...

so where's the right location, is it the first one shown by Thomasian--the lot between AUB tower and megaplaza?

^^uh that's the wrong lot...

I thought @Shazzam confirmed that already?

wow sana matuloy nga to, san nga kaya.. pakiconfirm. hehe. as far as i know, hindi haka-haka to, and OCLP is really still in the planning stage so wala pa nga malabas na info. hold your horses, although this really is going to be big!!:banana:

naku..ang saya saya..parang ang sarap tumira sa ibang bansa for 10 yrs tapos uwi ka dito sa pinas..at ma shoshock ka na lang sa ganda nya..naku..hehehehe

wow sana matuloy nga to, san nga kaya.. pakiconfirm. hehe. as far as i know, hindi haka-haka to, and OCLP is really still in the planning stage so wala pa nga malabas na info. hold your horses, although this really is going to be big!!:banana:

^^mag dilang-anghel ka sana ! This could easily steal the limelight from the imposing shang twin towers.

Any news? :D

i wouldn't hold my breath if I were you!

^^yeah, it's sad. i just heard this will be shelved temporarily.

i wouldn't hold my breath if I were you!

Haha, mauubusan nga sya ng hininga sa tagal. :lol: I wonder if this will overtake the Lopez Tower.

Any news regarding this project? It seems that there is a rival for this tower. :D

well, this project sounds like it's an office-type building, so this might actually be taller than Stratford.

^^ and boss,
this probably has
a spire for it to reach
over 384 meters
with just 75 floors.

^^ :yes:

great news!
over $400 million
for one tower is
quite a lot. can't wait
for 2018 :D

but can the ortigases
really afford that?

wow! 2018 is quite a stretch but still...

naku medyo may edad na tayo nun pero buhay pa naman sana mas mabilis naman nila gawin

wow.. at least that big parking lot beside the BSA Twins will be put into good use huh... that's the lot being described right?

I have heard that they can't build a high rise building beside the ADB building because its like a diplomatic building or something...
Does that make any sense?

wow.. at least that big parking lot beside the BSA Twins will be put into good use huh... that's the lot being described right?

It's the only one that matches "1.3-hectare vacant lot along ADB Avenue in Ortigas". :lol:

yes, that should be the only lot which fits the description.

I have heard that they can't build a high rise building beside the ADB building because its like a diplomatic building or something...
Does that make any sense?

I've heard about that too! Specifically from the sellers of Malayan Tower.

They said that the view towards Robinsons will remain unblocked because of some deal with ADB and the Ortigas family or something like that, so if we buy a unit facing that area, our view will be unblocked. They implied that buildings like the Volvo dealership are the only ones that can be built there.

This was before J-Tower even began construction or was announced in this forum (as Q Tower), and we all know what happened after. So I think you should take that comment about not building high rises beside ADB with much skepticism, since clearly this is not the case. :nuts:

As for One Galleon, I dunno if the lot beside ADB would be best for it since it will be directly beside BSA Twin and a future high rise to be built on top of Podium (whatever happened to that, btw?) But what about that huge series of parking lots between J Tower and Cityland Megaplaza? That would be more logical, imo, and as long as there is enough spacing between the two existing high rise, it should be fine.

Thanks for clearing that up.
I've heard about the high rise on top of the podium mall too.

There would be allot of sad people looking for parking area if that is indeed the construction site for the One Galleon Place. :lol:

But what about that huge series of parking lots between J Tower and Cityland Megaplaza?
:ohno: If I remember previous discussions correctly, that space is less than 1 hectare.

Here it is! Presenting...
One Galleon Place :banana:

http://img249.imageshack.us/img249/2829/17956746.jpg

Sorry, I just took a picture of today's copy of Manila Standard Today.

From the newspaper:

"The 300-meter-tall building, which will house offices and a five-star hotel, will overshadow the 52-story PBCom Tower in Makati, a 55-story condominium being built by Anchor Land Holdings, Inc. in Binondo, Manila, and the 66-story Federal Land Tower rising up in Taguig City."

^^It will be built in front of ADB, according to the article.

Thanks Ty! Looks promising. I'll wait for a clearer rendering hehe

Wonder if they meant beside ADB instead of in front?

If its in front then its the lot beside the J Tower.

^^It will be built in front of ADB, according to the article.


Parang mas swak nga sya dito kaysa dun sa isang location...
http://i20.photobucket.com/albums/b210/ofngol/2008/onegalleonplace2.jpg

^^Maybe it's really in front of ADB. Notice the curved street to the left of the picture.

so it's only 300m? looks like it...

so it will not overshadow gramercy

^^Maybe it's really in front of ADB. Notice the curved street to the left of the picture.

So its the lot beside the J Tower...
If they build it close to the J-Tower... there goes the nice view of the units facing that vacant lot.

looks like it will be built where the old Volvo dealership used to be.
based on that early rendering, it looks good so far:okay:

It looks like it will occupy the 2 curved parking lots and One Galleon Place is situated right behind J Tower, based on the model. That's how I see it :D

looked nice huh... so it's more than one tower to rise on site huh...

300 meters. i don't know kung matutuwa ako but 300 meters is not bad considering wala pa tayong completed na supertall :D bittersweet. i thought this would really be more than 384 meters tall as announced before.

pero anywayz, let's celebrate! beggars can't be too picky :lol:

but wait, 300 meters up to that tall spire or up to the roof only, which is most likely if it's 75 floors?

the more i look at the rendering - or is it a scale model? - the more i think that 300 meters is just up to the roof. it really dwarfed J Tower which is already 150 meters.

From the newspaper:

"The 300-meter-tall building, which will house offices and a five-star hotel, will overshadow the 52-story PBCom Tower in Makati, a 55-story condominium being built by Anchor Land Holdings, Inc. in Binondo, Manila, and the 66-story Federal Land Tower rising up in Taguig City."

^^ It's quite amusing that for comparison purposes, they singled out, of all the buildings, the 55 story Anchorland building which is still under construction. Perhaps they know that they may not be able to overtake Discovery Primea, Gramercy (both under construction), Picar, Stratford, and EGI Skycity (rumored to be revived).

Ortigas to build 75-story building, country’s tallest
By Jenniffer B. Austria

THE Ortigas group is building what would be the country’s tallest structure, the 75-story One Galleon Place in front of the Asian Development Bank in Ortigas Center, Mandaluyong City.

The 300-meter-tall building, which will house offices and a five-star hotel, will overshadow the 52-story PBCom Tower in Makati, a 55-story condominium being built by Anchor Land Holdings Inc. in Binondo, Manila, and the 66-story Federal Land Tower rising up in Taguig City.

The P20-billion project is being launched to commemorate Ortigas & Co.’s 75th anniversary, according to chief operating officer Rex Drillon.

The company is also spending another P20 billion on its first residential development project within a 12-hectare property in Bagumbayan, Quezon City.

Called Circulo Verde, the project involves the construction of 12 residential condominiums targeting middle and upper- income markets. The project is expected to be completed over 15 years.

This year, the company will be launching two residential towers: the 11-story Majorca and the 23-story Ibiza, with one-, two- and three-bedroom units priced at P80,000 a square meter, which is lower than the P85,000 that Megaworld Corp. offers in its projects in Libis, Quezon City.

The company aims to sell at least 200 units this year.

Drilon also disclosed plans to redevelop the 16-hectare Green-hills Shopping Complex into increase the space allotted to its flea markets, to about 400,000 square meters from 100,000 square meters now.

The company is building two floors of underground parking, a residential tower, a serviced hotel and shopping mall.

Ortigas has tapped RTKL to do a master plan for the area.

The entire project is expected to cost P20 billion.

http://www.manilastandardtoday.com/?page=news2_mar17_2009

well.. maybe the write up did not specifically provided the exact height of the tower... since an object that has an exact height of 350m may be described as a 300 meter tall object... hmmm...

^^ Talk about equal allocation. If you read the article, it says that P20B for One Galleon Place, another P20B for Circulo Verde and P20B again for the Greenhills redevelopment. Hating kapatid.

Total amount will be P60B. That's a huge amount, more than US$1.2B. Let's see where they will get their financing needs.

Well if J Tower is the scale model on the front side of One Galleon Place in the picture, just by using my fingers in measuring, OGP will be more than 300 meters, and thats just up to the roof. Including the spire, it may well go to the more than 350+ meters

di ako nakatiis, i wrote an email to the writer :lol: hope she replies! i really think this is more than just 300 meters if we consider the spire. and of course, i hope that the Ortigases are liquid at this critical point in time.

matulis... me likey!

^^ bumaba.... :(

I also concurr that the building (or more accurately, part of the complex) will be on the series of parking lot between J Tower and Cityland Mega Plaza. Just look at the rendering very carefully, notice the curved roads at the lower left hand corner...

Here it is! Presenting...
One Galleon Place :banana:

http://img249.imageshack.us/img249/2829/17956746.jpg



And compare it below.

Could be. But the lot size...
http://i20.photobucket.com/albums/b210/ofngol/2008/onegalleonplace.jpg



Its also more consistent of it being "in front" of ADB. As a matter of fact, the building itself could be located beside East of Galleria. The rendering seems to include J Tower at the forefront, though slightly misplaced as it did not include the old Volvo dealership building. The small existing building at the very left seems to be Cityland Mega Plaza while the small existing building at the very right seems to be Malayan.

Okay, here's the pix from Manila Standard Today web site. It's small though.

http://img23.imageshack.us/img23/7149/fp031709a.gif

^being built in binondo? ginagawa na ba yung sjysuites?

Okay, here's the pix from Manila Standard Today web site. It's small though.

http://img23.imageshack.us/img23/7149/fp031709a.gif

that podium along
ADB Avenue looks
exciting! :eek:

The projects will be funded by a combination of preselling proceeds, internally generated cash and borrowings.

when will they build this masterpiece?

walang cinabi skycity. sana by tahat time ginagamit na ang bsa as towers not billboaRDS

those buildings look like a mess. good thing they have a lot of time to redesign.

when will they build this masterpiece?

i expect they'd start moving the grounds within the last quarter of 2010 and first quarter of 2011. the whole project is expected to be finished in 10 to 15 years so that's quite a stretch of waiting and moaning and complaining (by the forumers) and more :bash: and more, more :bash: just like what's going on in BNP thread. :lol: :lol:

thank god, after like four years of being here in SSC, i have learned to WAIT and be patient.

all threads have been rehashed over and over again --

1. Announcement - people get excited
2. release of rendering - people get more and more excited
3. release of better rendering - people get very very excited and people start to question when the construction would commence.
4. period of silence from the developer - people begin speculating that this might not push through, people start demanding pics of the site, people start doubting, questions like "any updates?" and "any news?" start appearing, more and more :bash: emoticons appear.
5. announcement of groundbreaking - more :bash: emoticons for being slow in excavation and construction taking a very vey long time.
6. construction from ground level up - people get excited again! and everyone praises the project for the speedy construction.

:D

http://img23.imageshack.us/img23/7149/fp031709a.gif
I wonder what ^^ that stuffed olive in the middle is? Mali-mali yung rendering. J Tower shouldn't be at the corner; it should be right next to that podium. The Jollibee building is missing. The leftmost building on the podium looks like it's been merged with EOG.

Tama si Jefferyi. That's a mess. :ohno:

why would they include Jollibee in the rendering? it's already at the background. but the J tower is indeed incorrect. they should flip the left side to the right. they have a lot of time to make a better one. If their Circulo Verde project managed to get an awesome rendering, they can also pull off a better one for this project. :)

One Galleon Place, and to a certain extent, the RJPlaza Buendia project, are currently the apple of the eye of SSC forumers. As in the past, the release of new renderings for above average high rise buildings elicit such a huge response from SSC forumers. It will eventually die down until a more detailed rendering comes out and when construction begins.

i expect they'd start moving the grounds within the last quarter of 2010 and first quarter of 2011. the whole project is expected to be finished in 10 to 15 years so that's quite a stretch of waiting and moaning and complaining (by the forumers) and more :bash: and more, more :bash: just like what's going on in BNP thread. :lol: :lol:

thank god, after like four years of being here in SSC, i have learned to WAIT and be patient.

all threads have been rehashed over and over again --

1. Announcement - people get excited
2. release of rendering - people get more and more excited
3. release of better rendering - people get very very excited and people start to question when the construction would commence.
4. period of silence from the developer - people begin speculating that this might not push through, people start demanding pics of the site, people start doubting, questions like "any updates?" and "any news?" start appearing, more and more :bash: emoticons appear.
5. announcement of groundbreaking - more :bash: emoticons for being slow in excavation and construction taking a very vey long time.
6. construction from ground level up - people get excited again! and everyone praises the project for the speedy construction.

:D

:lol: I hear you dude...I've been here since 2002 and in WSF before that, and its always the same thing. But I gotta admit that I still get excited whenever a new project is announced and even more when a rendering is released...but I've learned to not expect too much. And wait patiently.

hmmm...to those that said it looks like a mess. I actually think it looks great! If they push through with that design, it would be among the better ones in the metro.

^i think the placement of the spire is kinda odd, especially with those two extra "spikes" of differing heights that crowd the top. one less "spike" would make it look better, imo--actually, i prefer it without the middle "spike" at the top. or, how about the tower without a spire and with the middle "spike" the tallest? don't get me wrong, I like spikey buildings; my skyscraper doodles are usually spikey ones=) too bad this one is not a Bank of America Tower nor a GT Tower kind of a spikey building though, imo

Agree @ c0kelitro. :lol: Ganyan mga mga formuners dito. Including me.

75 floors plus yung spire nya.... hehehhehe skycity lang pwede tumalo dito ah,

Misleading nga ung rendering nila. I was sitting in our pantry this afternoon overlooking this part of Ortigas. In the rendering it shows that the tallest tower is almost 3.5x that of J tower. That is really massive 525meter tower. and that should have at least 100 floors instead of 75 floors. but based on my calculation assuming that this is also an office tower it's 40 floor height should be at least the same height of J tower that will leave us with 35 floors more to go then the most I think the most possible height is at 400-450 meters. This is one huge tower. Sana matuloy... sana lang...

^^ yeah. iv'e noticed that before. Looking by the entourage, it looks so massive compared to a 300m building.

By the way, what are the two other buildings in the scale model? The other one (left side) looks like a 250m building, while the middle building looks like a 160m building. Are they included in this project?

^ i think
so!

When's the groundbreaking of this?

Bump!
http://bworldonline.com/main/content.php?id=1727
Ortigas eyes two more towers

developer Ortigas & Co. will launch two more residential buildings in its 12-hectare masterplanned project dubbed Circulo Verde in Quezon City.

The two towers are among five residential buildings that the company plans to construct in the area. To date, Ortigas has already launched two projects, namely the 11-storey Majorca and the 23-storey Ibiza Tower. The new towers, to be launched next year, will likely be similar to Majorca and Ibiza, where one will be taller than the other.

“Majorca is already fully sold while Ibiza is already 60% taken up. The towers are expected to be turned over by 2012,” Ortigas Chief Operating Officer Rex C. Drilon said.

The P25-billion project is the company’s first venture into the vertical residential sector, having opted to develop subdivisions like Valle Verde in Pasig before. It also marked the company’s re-entry into the property industry after a three-year hiatus.

Mr. Drilon said a total of P2 billion would be spent next year to cover the construction of Majorca and Ibiza and the two new projects, as well as the construction of the mixed-used project Capital Commons in Pasig.

Part of the funding, he said, would also be used to jump-start the redevelopment of the 16-hectare Greenhills Commercial Center in San Juan to allow it to house more retail spaces.

“The source of liquidity is the overseas Filipino workers ... That will be good for the real estate market,” Mr. Drilon said.

Later on, the company will build what would be the country’s tallest building, the 75-storey One Galleon Place, on a 1.5-hectare land at Ortigas Center in Pasig.

^^ how could they possibly fit in more development into greenhills?? Unless they demolish a large part of the area and build vertically, maybe 30-40floors, the place will become so congested that it would rival Paris before its urban renewal.

http://img249.imageshack.us/img249/2829/17956746.jpg (http://img249.imageshack.us/i/17956746.jpg/)http://img249.imageshack.us/img249/17956746.jpg/1/w503.png (http://g.imageshack.us/img249/17956746.jpg/1/)

Philippines is quite delayed when it comes to supertall skyscrapers constructions but still surviving to catch up. This proposed building if approved will be one of the tallest in the Philippine and may also surpass The Stratford Residences.

"The One Galleon Place is a planned supertall building that will rise in Pasig City, Philippines. It is planned to be 75 storeys high, in commemoration of OCLP's 75th anniversary, and is projected to be at least 300 meters high.

Information
Location: ADB Avenue, Ortigas Center, Pasig City, Philippines
Status: Proposed
Use: Hotel & Office
Height: Antenna/Spire 300 m (984.25 ft), probably higher
Floor count: 75
Cost: Php 20,000,000,000
Developer: Ortigas & Co. Ltd. Partnership
Owner: Ortigas & Co. Ltd. Partnership

It was also noted that, by following the released scale model, the height of the building was speculated to be at least 400 meters high, including the spire. This was due to the inclusion in the scale model of its neighbor, the 150-meter high J Tower, which was used to approximate the One Galleon Place's height."

Source: http://en.wikipedia.org/wiki/One_Galleon_Place

i am looking forward for this to be approved! i like the design though it's almost look like the Freedom Tower in New York...

already a thread. but nice find!
i really do hope its at least 400m!

oh, sorry...i didn't know...just new here...
well yeah i do hope so...i would want the Philippine's to catch up and be one of the famous when it comes to tall buildings...

i am looking forward for this to be approved! i like the design though it's almost look like the Freedom Tower in New York...

and judging how fast the Freedom Tower is being built, this tower in Pasig will be done before the one in New York.

there are so many issues with the Freedom Tower, as far as i know there was a point that the construction was put on hold, so i think you are right, this one will be completed first...

The Freedom Tower is already under construction...One Galleon Place is only proposed...how could it be completed first?

The Freedom Tower is already under construction...One Galleon Place is only proposed...how could it be completed first?

Coz the Freedom Tower probably holds the slowest construction ever conducted in Manhattan.

that podium along
ADB Avenue looks
exciting! :eek:

wow... galing nito!

there is just a possiblity but not saying that one galleon place will finish first...but so far, i think the freedom tower is rising to 105ft already as of july 31, 2009

Good News! :okay: I hope this will push through together with Stratford Residences. :D

This is not a project I would hold my breath for. Look at what happens to the Greenhills redevelopment first. At this point all their doing is adding another steel parking lot in front of chilis

This is not a project I would hold my breath for. Look at what happens to the Greenhills redevelopment first. At this point all their doing is adding another steel parking lot in front of chilis

I agree. THere has been many many proposed "tallest building" in the country but aside from Grammercy and PBCom Tower before that, none have materialized. Lopez Tower, Skycity, that Ramon Jacinto tower in Makati City, and so on. I won't believe it until I see it not only start construction, but actually topped off.

Curiously though, maybe I missed a thread but what is that excavation beside Cityland Megaplaza? Its too narrow to be the building in the rendering that is suppose to be beside Cityland Megaplaza though so I wouldn't get my hopes up, but does anybody know what it is?

nice! sana this will push through

PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .
.

Ortigas allots additional P20 billion for Greenhills redevelopment





By Mary Ann Ll. Reyes (The Philippine Star) Updated May 18, 2010 12:00 AM


MANILA, Philippines - Ortigas & Co. may spend another P20 billion for the next phases of the ambitious Greenhills Shopping Center redevelopment that will include the construction of residential condominiums.
In an interview, the company’s chief officer and general manager Joey Santos of the real estate division revealed that the amount will be on top of the P20 billion already allocated for the first two phases of the Greenhills facelift.
Santos also revealed that they are projecting a 20-percent increase in both revenues and bottom line in 2010. Last year, the company generated revenues of over P2 billion, while net income was over P600 million.
He explained that the increase is largely due to the fact that it will only be this year that sales from the two towers of Circulo Verde (Majorca and Ibiza) will be booked. “The income from the second call center building that we put up at the Tiendesitas area will likewise be booked this year.”
Of the company’s total revenues, around 70 percent is derived from leasing while the rest is from development income (mainly from sales of residential units). Of the leasing revenues, around 80 percent comes from the shopping centers at Greenhills and Tiendesitas.
Following the reorganization, Ortigas & Co. will become a holding company with a three-hectare property in Ortigas Center as its major asset. This, Santos said, would pave the way for the 79-year-old firm to “take the natural progression that most companies took.”
Ortigas & Co. is in the process of transforming itself from a limited partnership to a corporation, starting with the establishment of four wholly owned units that might be eventually listed in the local bourse.
So far, the company has spent around P3 billion for the renovation of almost all buildings in the Greenhills Shopping Center.
According to Santos, the 40-year-old Unimart grocery building will be torn down and a new one will be constructed. A new Virra Mall building will likewise be put up. Several new buildings will be constructed over the next 10 to 15 years, including one that will house residential condominiums.
Also to rise is the new Music Museum, a 1,200-seat performing arts theater beside the Promenade.
The redevelopment of the Greenhills Shopping Center aims to double the retail area available for lease, which in turn will increase revenue stream. The shopping center currently has 100,000 square meters of shopping area.
Earlier, company chief operating officer Rex Drilon said Phase I of the redevelopment of the 16.6-hectare Greenhills complex will involve putting up a new Crossroads building at the site of the existing two-story Gloria Maris building. The first phase will begin this year.
Ortigas & Co. has the biggest landbank in terms of direct holdings of premium land. It owns around 58 hectares, all north of Pasig River (Mandaluyong, San Juan, Pasig, Quezon City). A 76-percent-owned subsidiary, Concrete Aggregates, has a 200-hectare property in Angono which is being quarried by La Farge. “After 15 years, we can develop that into a residential area,” Drilon said.
Aside from the Greenhills complex and the Quezon City development, Drilon disclosed that they are also looking at developing a company-owned property in front of the Asian Development Bank headquarters.
Drilon said all the existing structures in the Greenhills complex will be torn down in phases so as not to disrupt the conduct of business in the area. In addition, three residential towers and one office-hotel building, as well as a two-level basement parking that will increase the number of parking slots from the present 3,000 to 7,000, will be constructed.
The second phase will involve building a new Unimart, Drilon disclosed.
The redevelopment of the Greenhills Complex, owned by the Ortigas Group, will be financed via internally generated funds. “Greenhills has a good cashflow,” he said.
The new complex, Drilon added, will have twice the number of spaces available for “tiangge” or stalls for lease.
Also, Santos said the company will continue the first phase of development at Circulo Verde, its largest residential project in Bagumbayan, Quezon City, with two new residential towers.
“We are on time. We have completed the foundation of the first two towers (Majorca and Ibiza) last year. Sales have also continued to be very good with Majorca already sold out and Ibiza with a few units left,” he said.
The P15-billion Circulo Verde project will have 15 residential towers. Phase I will be finished in five years.
Drilon earlier said there remains a 1.2-million shortage of units in the mid-market, consisting of residential units with prices ranging from P2 to P6 million, which the firm intends to address with Circulo Verde.
“Even if you look at all the projects going on at this time, we are nowhere close to addressing the housing gap. And while there are many ongoing projects, we believe that we are able to offer something different,” he pointed out.
It is estimated that the backlog for the low-cost sector is around 3.6 million, and for the mid-market, 1.2 million. The higher end is well covered, Drilon said.
The company intends to continue development inspite of the adverse economic environment. “We’ve been in this game long enough and have built many residential communities like Greenhills and Wack-Wack. We will probably have a hiccup in the next two years, but after that, things will go back to normal,” he said.
“The average industry take-up last year was about 500 to 600 condo units a month. That shows how much is moving. And, if the shortfall is 1.2 million units, there should still be a lot of opportunities,” Drilon added.
Ortigas & Co. is in the process of turning itself into a holding company, planning the creation of four new firms that will handle its assets and eyeing an eventual listing on the stock exchange.
A new company, Circulo Verde Development Corp., had been incorporated to handle the Circulo Verde project.

may fence na daw ung vacant/parking lot beside the podium. dun ba ung One Galleon place?

OGP is not beside the Podium

false alarm pla wla pang fence :)

false alarm pla wla pang fence :)

We should delete this thread along with that EGI proposed as it was in a standstill for so long.Just a suggestion.

^^or you can just ignore it and not comment to make it stays at the bottom of the list...

useless proposal.. sighhh....

oh nabuhay ang one galleon

wala na rin ito?

wow! where is this gonna be located?

wala na rin ito?

Yes I think so :(

LOCKED THIS THREAD !!! PARANG ALA NAMAN EH!!

any news on this guys?

One galleon i believed is a project of the ortigas family (?) If im right then theres no chance in hell, this project will ever see the light of day. Remember ortigas is cash strapped so much so that they sold their shares to ayala.

They probably announced this project in order to create some buzz for the ortigas center because BGC is becoming more important for business locators.

Ortigas sold their shares to Ayala? Where did you get that news?
The Ortigas family just bought the 34% share of HSBC in OCLP Holdings.

^^ True, as of last I've heard. As far as I can remember from a news artilce, the share bought from HSBC has a lock-up period or something like that so I don't think they can resell it to the Ayalas this early.

Why is this thread about a mythical, fantasy project with absolutely no hope of getting off the ground still alive while the thread for Cyberscape Beta, which is actually underconstruction and will have far more impact to the Ortigas Centre skyline and economy, gone forever?

So much so we can only get updates for that existing, ongoing, underconstruction 37 storey office tower by piggy backing on its similarly named project whose only commonality is its developed by the same company?

Geeze mods....when I was running the Asian Forums, I never let things go this bad.... :|

^^ True, as of last I've heard. As far as I can remember from a news artilce, the share bought from HSBC has a lock-up period or something like that so I don't think they can resell it to the Ayalas this early.

the money ortigas used was from ayala land. it was on the news. ayala land would be investing 15B to revitalize the district.

Why is this thread about a mythical, fantasy project with absolutely no hope of getting off the ground still alive while the thread for Cyberscape Beta, which is actually underconstruction and will have far more impact to the Ortigas Centre skyline and economy, gone forever?

Geeze mods....when I was running the Asian Forums, I never let things go this bad.... :|

You must be back. It's not bad. It's worse.

the money ortigas used was from ayala land. it was on the news. ayala land would be investing 15B to revitalize the district.

It was never an Ayala money. There were talks of strategic alliance between Ayala and Ortigas but still the Ortigas family bought HSBC stakes in Ortigas Holdings from their own pockets.

"Our company intends to contribute its expertise in building large scale mixed use developments to this partnership. This development project includes plans for residential, office, retail and hotel components," ALI said.

The Ortigas family members who bought the stake from HSBC - erstwhile the single biggest stockholder in the company - can not divest their stake under a lock-up period. But the deal effectively consolidated a controlling interest within the family which made it easier to sell an enlarged stake to a new investor.

"The existing stockholders which consist primarily of the Ortigas groups exercised their right of first refusal on HSBC shares on Ortigas Holdings Inc.," SM Investments Corp. Cora Guidote said in a text message Thursday night.

Banking sources confirmed that payment to the stake was paid to HSBC as of Thursday.

It was earlier reported that while certain factions within the Ortigas family were willing to take in SM Investment Corp. as a new investor while some preferred the Ayalas instead.

Industry sources said family members from both factions jointly out up funding to buy out HSBC's stake.

^^ True. And it came from his own words Ayala Land "would be" investing. So how could they have used "would be" Ayala money to buy the HSBC Shares? There's too much presumption going on here.

Geeze mods....when I was running the Asian Forums, I never let things go this bad.... :|

Which reminds me of my moderating days too. But I'm too busy now to go back again. How 'bout you, wanna go back to helping again?

Which reminds me of my moderating days too. But I'm too busy now to go back again. How 'bout you, wanna go back to helping again?

That depends. The reason why I *retired* from modding in SSC was all the office politics that went around internally. Perhaps its different now, but I'm not really keen in managing the other sections on the Philippine Forums, such as the Economy or Samahan.

If it helps just to mod the Projects section, which I believe is the truly most relevant and significant part of this forum, sure, why not. As long as there is an understanding of responsibilities and what needs to be done.

Not sure who we should talk now to make this happen (if they agree to it), you were a mod in a much more recent time as I have.....any suggestions?

Bottom line is something needs to get done to improve the Projects section. All these disappearing threads of ongoing projects is really annoying and disheartening, while threads like these which has no relevance clutter things up... :ohno:

its alive!!! its alive!!! mod seriously u kno what to do..its a waste of bandwidth.

Ortigas sold their shares to Ayala? Where did you get that news?
The Ortigas family just bought the 34% share of HSBC in OCLP Holdings.

Sorry thats what i meant.

so is this project gone to dust?

Mabubuhay pa kaya ito??? :ohno:

^^ akala ko naman may bago :lol:

sad. walang updates. :ohno:

Bakit nabuhay nanaman to? o_O Walking dead lang haha

good as dead na to.... walker na to

CPR pa. baka mabuhay! :nuts:

Close na natin to please. This became dead, resurrected, died again, and now resurrected again, talo pa ang double dead na baboy. :lol:

LIKE if you came here for updates
but unfortunately there are no updates haha

Nyakkk..dapat nagbasa muna ko mago magsubscribe....,:bash::bash:
Wentuhan nalang tayo..:ohno::ohno:

Dapat burahin narin yung pages sa wikipedia...:ohno::ohno: