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Old April 4th, 2007, 01:24 AM   #1
nayki
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Grass Residences [3T|38F|res]






(proposed clubhouse)

The Grass Residences, just a few steps to SM City North Edsa.
Three (3) Towers with 38-storey residentail condominium in a 3.6 Hectare land. Offers 1-2-3 bedroom units with 1-2-3 toilet and baths.

Proposed Amenities:
• Kiddie swimming pool
• Resort-type swimming pool
• Playground/Kids' Club with Tent
• Courtyards and Gardens
• Law and Activity Areas
• Flora and Fauna
• Tensile Pavilions and Cabanas
• Entrance Feature Planters
• Main Drop-off Area
• Water Cascades
• Sculpture Displays
• Rotunda
• Parking Area
• Clubhouse
• Multi-purpose Halll
• Function Room
• Fitness Suite, Exercise Hall
• Lounge, Relaxation Terrace
• Gymnasium
• Basketball Court
• Four (4) Badminton Courts
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Old April 4th, 2007, 01:52 AM   #2
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nice.

i suppose theres a couple of more towers to rise like it says on the renders
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Old April 4th, 2007, 03:31 AM   #3
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What's with the name!?? Anyway, who is the developer of this project again?
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Old April 4th, 2007, 04:01 AM   #4
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Is the Grass Residence different from the Northpointe Residence of SM? They are both located in the same area. Based on the rendering, there seems to be other towers in the pipeline and Northpointe may be one of those high rises.
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Old April 4th, 2007, 04:04 AM   #5
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Quote:
Originally Posted by tcchua View Post
What's with the name!?? Anyway, who is the developer of this project again?
I think I saw the ads in the papers last week. Its one of Henry Sy's (SM) projects
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Old April 4th, 2007, 04:09 AM   #6
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Quote:
Originally Posted by tcchua View Post
What's with the name!?? Anyway, who is the developer of this project again?
Looks like it's SM Development Corp.
Yeah, I agree. What's with the name? I can understand Northpointe, Mezza...but Grass?!?
Next thing you know they'll be naming the next development The Weed Residences, to attract the former hippies.

Seriously, anyone know where this would be? It said adjacent to SM North.


SMDC earmarks P2B for 2007 projects
By Honey Madrilejos-Reyes, 2 Apr 2007
Source: Business Mirror


SM Development Corp. (SMDC), the property development arm of SM Investments Corp. (SMIC), is spending P2 billion this year, which would fund three new residential projects in Alabang and Quezon City. SMDC president and chief operating officer Rogelio Cabunag said the new projects are Lindenwood Residences in Susana Heights, Berkeley Residences on Katipunan Avenue and Grass Residences in North Edsa, Quezon City.

Lindenwood is a residential subdivision patterned after American residential housing development. Launched last week, Lindenwood is a 2-hectare development with 390 lots.

Prices of the Lindenwod lots range from P3.5 million to P7 million. “Construction for Lindenwood already started and our clients can start building their homes in the first quarter of 2008,” said Cabunag.

SMDC is also launching the 30-story Berkeley condominium along Katipunan Avenue to cater to students, academic professionals and families with school children. Sizes of Berkely units range from 19 to 80 square meters.

The Grass Residences, another condominium project adjacent to SM City North Edsa, is a three-tower project that SMDC has packaged as one of the most convenient and accessible properties for the mobile professional.

Unit at Berkeley and Grass would cost between P1 million and P3 million. “SMDC is now in a better position to assume a more assertive stance in the real property sector,” Cabunag said.

“Our milestones in 2006 have given us plenty of opportunities to boost our resources and strategies in building more residential projects near the SM Supermalls.”

Listed on the Philippine Stock Exchange, SMDC is 48.5-percent owned by SMIC, the holding company controlled by the country’s wealthiest man Henry Sy Sr. Last year, its net income grew 51 percent to P984 million from P652 million in 2005 on the back of higher revenues, which amounted to P1.4 billion.

The sales upswing was attributed to the increase in demand for its residential properties, namely, Chateau Elysee and Mezza Residences.
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Old April 4th, 2007, 04:20 AM   #7
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maybe it's supposed to be The GRASSE but someone goofed on the spelling sounds more frenchie... makes sense considering chateau elysee
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Old April 4th, 2007, 04:27 AM   #8
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"Grass Residences, Living High."

hehehe lol
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Old April 4th, 2007, 05:45 AM   #9
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one more time, with feelings

Little boxes on the hillside,
Little boxes made of ticky-tacky,
Little boxes, little boxes,
Little boxes, all the same.
There's a green one and a pink one
And a blue one and a yellow one
And they're all made out of ticky-tacky
And they all look just the same.


And the people in the houses
All go to the university,
And they all get put in boxes,
Little boxes, all the same.
And there's doctors and there's lawyers
And business executives,
And they're all made out of ticky-tacky
And they all look just the same.

And they all play on the golf-course,
And drink their Martini dry,
And they all have pretty children,
And the children go to school.
And the children go to summer camp
And then to the university,
And they all get put in boxes
And they all come out the same.

And the boys go into business,
And marry, and raise a family,
And they all get put in boxes,
Little boxes, all the same.
There's a green one and a pink one
And a blue one and a yellow one
And they're all made out of ticky-tacky
And they all look just the same.

ey man this project is so kewl
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Old April 5th, 2007, 04:15 AM   #10
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Sinong nakakita na d2 nung higanteng billlbord na may renderering ng SM North edsa na nakalagay sa harap ng sm annex? Wala lang mukha kasi shang modern na megamall. Tsaka ung bagong annex building ang ganda...
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Old April 5th, 2007, 04:19 AM   #11
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really tall grass
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Old April 10th, 2007, 10:38 AM   #12
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SM North makeover to cost P2-3BBy Ruby Anne M. Rubio, 10 Apr 2007
Source: BusinessWorld

SM Investments Corp. Chief Financial Officer Jose T. Sio recalls how people reacted negatively when mall tycoon Henry Sy set up SM City North EDSA in Quezon City back in 1985.

"Dati, ang sabi nila malulugi si Mr. Sy dahil walang tao (They said then that Mr. Sy would lose money because there would be no people). But he saw the potential. It is the culture of Filipinos to shop," Mr. Sio told BusinessWorld.

Over 20 years later and having proven the supermall concept, SM City North EDSA is again getting a makeover, after just having been expanded with the opening of a new building, The Block, last year.

The latest renovation, SM officials said, will cost the company some P2-3 billion. Part of the reason, the officials admitted, is increased competition, with Ayala Land, Inc.’s (ALI) Triangle North of Manila (TriNoMa), located just a stone’s throw away, scheduled to open this quarter.

ALI, in its 2006 annual report, claimed "TriNoMa will be the pride of Quezon City ... TriNoMa alone will increase ALI’s total shopping center gross leasable area by 26% when it opens in the second quarter." TriNoMa already has an edge, being located right next to the last stop of the Metrorail Transit on EDSA, which assures it of first crack at commuter traffic. SM City, in contrast, has to make do with passengers alighting from its bus stop a kilometer down the road.

But officials of SM Prime Holdings, Inc., the country’s largest shopping mall developer and operator, said they remain bullish on SM City’s prospects, which described as the company’s busiest mall. Average daily foot traffic was pegged at 315,000, or 15% of the tally for all SM malls.

SM Prime Executive Vice-President Jeffrey C. Lim said TriNoMa "should complement our mall and should increase foot traffic in the area. That will be beneficial to both malls. Thus, we are not projecting our revenues to be significantly affected." "Over the past 20 years since SM North Edsa was opened, we have continuously expanded and redeveloped/renovated the mall ... We are fully committed to the development of SM North Edsa as this is one of our busiest and most successfull malls," he added.

Fellow Executive Vice-President Henry T. Sy, Jr. said SM Prime will likely spend at least P2 billion to P3 billion for the renovation of The Annex. "Competition is good; it will make people aspire for better malls and some improvement. We will make The Annex bigger. Business is business," he said.

SM Prime began the redevelopment of The Annex building this year, although the design and details are still being finalized. Meanwhile, a three-tower high-rise condominium called the Grass Residences will also be developed in the area by SM Development Corp. "We remained bullish about the prospects in the area as evidenced by the continuous expansion and development of the residential component by SM Development," Mr. Lim said.

"SM North Edsa is right in the middle of one of the most densely populated cities in Metro Manila and a gateway to traffic from North Metro Manila and Northern Luzon. However, there are no plans for office buildings at this time." SM Investments Vice-President for investor relations Corazon P. Guidote, meanwhile, said "[the elder] Mr. Sy’s vision has unfolded. The vision was done in the ’80s. Now, we see already high density in the area."

SM North EDSA is currently the second largest SM mall, with a gross floor area of 351,824 square meters and a leasable area of 185,799 square meters. Ruling the roost is the SM Mall of Asia in Pasay City, which has a gross floor area of 386,224 square meters and a leasable area of 142,146 square meters. In third, meanwhile, is the SM Megamall in Mandaluyong City which has a gross floor area of 331,679 square meters and a leasable area of 184,411 square meters.

All three have been described as being linked by the metropolis’ main thouroughfare, Epifanio de los Santos Avenue.
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Old April 10th, 2007, 12:18 PM   #13
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Old April 10th, 2007, 02:43 PM   #14
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Apparently this is not the project behind SM City. I read in Bworld, that it's in front.
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Old April 10th, 2007, 03:16 PM   #15
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Quote:
Originally Posted by bustero View Post
Apparently this is not the project behind SM City. I read in Bworld, that it's in front.
A map of the area would help. Let me try to look for one.
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Old April 10th, 2007, 05:34 PM   #16
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Sorry for the quality.

Location Map:




Typical Unit Plan:

1BR



2BR



3BR

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Old April 10th, 2007, 05:41 PM   #17
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Quote:
Originally Posted by bustero View Post
Apparently this is not the project behind SM City. I read in Bworld, that it's in front.
Based on the map, the Grass will be built behind SM North EDSA/Annex.
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Last edited by -TC-; April 10th, 2007 at 06:09 PM. Reason: typo
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Old April 11th, 2007, 06:15 AM   #18
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ah so it is. how strange though I could've sworn the article said in front of perhaps it's just bad reporting. the other question now is what happened to the northepoint development then!
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Old April 13th, 2007, 06:10 AM   #19
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doon? sayang naman, we went sa top floor ng parking building ngg SM, and puro trees sa site na yun.
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Old April 13th, 2007, 06:27 AM   #20
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the size of the 1br, 2br and 3br units illustrated are relatively small compared to most of the condos . . . I think its just too small . . .
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