QUEZÓN CITY | Berkeley Residences [35F]

[thomasian]

Berkeley Residences by SM Development Corp.
-Katipunan Avenue, Quezon City

[queetz@home]

Interesting....I wonder where exactly in Katipunan will this building be at?

[richard24]

narinig ko dati., units here daw would be more likely be similar to the prices at mezza.., pero i doubt...

[j.r.]

Originally Posted by richard24

narinig ko dati., units here daw would be more likely be similar to the prices at mezza.., pero i doubt...

u mean it would be much higher in this new project?

[satchel]

Originally Posted by queetz@home

Interesting....I wonder where exactly in Katipunan will this building be at?

this will be constructed the lot of the abandoned xanplaza mall, next to the shell station, shoppersville supermarket, and BPI. almost across the gate of La Vista.

although, they are still having public hearings at the barangay level to see if any residents will protest such a tall structure being built in the area. must be a zoning issue.

[queetz@home]

Ah the Ateneo high school memories! I honestly can't remember what Shoppersville and its immediate area look like but they are such familiar places to me.

Anyways, I didn't realize they actually have public hearings in Quezon City on things like these. I was under the impression that high rises can be built pretty much anywhere given how they seem to sprout out pretty much all over the city with no distinct pattern.

Its too bad the building isn't closer to the Katipunan station but I'm sure it will sell well given that it is so close to some of the best schools in the country. It looks like its going to be a decent mixed used building in terms of functionality. One thing I do hope is they would improve some of the road access in the area (especially the one leading to Ayala Heights, which has not changed for decades).

[Edmundtanso]

not to bad, i like the simple look design

[-TC-]

Just found these on the internet... sorry about the quality of the images. I can't do anything about them so I guess these should do for now:

Location Map:



Typical Unit Plan:



Floor Plan:

[queetz@home]

So I guess this building is meant for students, similar to those projects that have been going up in the La Salle Taft area, eh? Can anybody give some feedback on those?

[bustero]

Zoning is ok, ALL projects must pass through a barangay clearance, it probably falls in Barangay La Vista, a notoriously anti development barangay.

I can't imagine this ismore expensive than northe pointe, they both are well located and have different selling points.
This is a huge building must be over 500 untis at least. Pretty much going to be the tallest on Katipunan Area.

[venntro]

The La Vista Homeowners Association fought tooth and nail against a proposed 4 story building at the nearby Petron service station. What more for this high rise. However, this high rise is on the other side of the Katipunan avenue and I suppose La Vista may no longer be able to extend its influence on the other side of the road. It maybe that UP will have more say than La Vista. However, I don't really like to see high rises in the area and preserve the beauty of the area as is. However, even across my alma mater, Ateneo, there have been lots of high rises already and it's hard to prevent those developments from reaching other parts. I just want to preserve that image in my mind of a vast open Ateneo field with the world renowned sweet corns when I was still a student there.

[JustHorace]

I'm getting OT but I do remember there was a corn field on that big lot between Ateneo and Miriam College. Why can't Ateneo make use of that land?

Isn't this part of Brgy. Loyola Heights?

[queetz@home]

Do they own the land? I vaguely remember that cornfield too but if they do own it, then maybe they just haven't had a chance to have a reason to use it. I went to the campus not too long ago and man! So many new buildings!

Originally Posted by venntro

The La Vista Homeowners Association fought tooth and nail against a proposed 4 story building at the nearby Petron service station. What more for this high rise. However, this high rise is on the other side of the Katipunan avenue and I suppose La Vista may no longer be able to extend its influence on the other side of the road. It maybe that UP will have more say than La Vista. However, I don't really like to see high rises in the area and preserve the beauty of the area as is. However, even across my alma mater, Ateneo, there have been lots of high rises already and it's hard to prevent those developments from reaching other parts. I just want to preserve that image in my mind of a vast open Ateneo field with the world renowned sweet corns when I was still a student there.

I'm from Ateneo too but I wouldn't mind seeing a bunch of high rises surrounding the campus. I think that school wouldn't mind that either since they do have campuses around high rises (Salcedo Village, Rockwell, and Ortigas). I suppose the East Greenhills Association (killer of Skycity) isn't the only wealthy NIMBY group in the country that try to kill high rises. I hope that this La Vista Association fails to bring this project down since the presence of high rises in the area do indicate demand.

[venntro]

There's not much we can do about these high rise developments in the area. As long as they are not Cityland-type buildings then I am for it. However, if I see a Cityland proposal in the area then I'll be the first one to oppose it. hehehehehe

[venntro]

716% rise in SM property arm’s net
REALTY CONCERN BULLISH ABOUT SUSTAINING GROWTH

By Honey Madrilejos-Reyes
Reporter


MIDDLE-income residential developer SM Development Corp. said its net income grew 716 percent for the first quarter of the year to P661 million versus P81 million in the similar period last year.

At the sidelines of the company’s annual stockholders meeting Tuesday, company president Rogelio Cabunag told reporters the substantial growth was supported by improvements in its equities portfolio and real estate sales. “While we are a smaller company compared with the other real estate firms, we are optimistic that we can sustain growth.”

Cabunag said their company, a listed property firm majority-controlled by the SM Group, intends to raise P3.5 billion in fresh capital this year to fund future developments and acquire additional land. The required capital could be raised either through the public sale of additional shares or new borrowings. “We have to fill up our pipeline as we accelerate the sale of our existing projects.”

The company is spending around P2 billion this year, bulk of which would fund three new residential projects in Alabang and Quezon City—Lindenwood Residences in Susana Heights, Alabang; Berkeley Residences in Katipunan Avenue, and Grass Residences in North Edsa, both in Quezon City.

Lindenwood homes are designed in the mold of American houses. It is a 2-hectare property divided into 390 lots selling for P3.5 million to P7 million. “Construction in Lindenwood already started and our clients can start building their homes in the first quarter of 2008.”

The Berkeley is a 30-story condominium designed for students, academics, and families with school children with units ranging from 19 to 80 square meters in studio-type, one-bedroom, two-bedroom, and penthouse configurations.

The Grass Residences, a condominium adjacent to SM North Edsa shopping mall, is a 3-tower project packaged as one of the most convenient and accessible properties for the mobile professional.

Each unit at Berkeley and Grass would cost P1 million to P3 million.

Last year, company 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 completed residential properties Chateau Elysee and Mezza Residences

[lightsaber46]

SM Dev. Corp is truly catching-up with other developers. I also remember in a news article about their development somewhere (or near )in Punta Fuego.

[Sinjin P.]

[JustHorace]

Originally Posted by queetz@home

Do they own the land? I vaguely remember that cornfield too but if they do own it, then maybe they just haven't had a chance to have a reason to use it. I went to the campus not too long ago and man! So many new buildings!



I'm from Ateneo too but I wouldn't mind seeing a bunch of high rises surrounding the campus. I think that school wouldn't mind that either since they do have campuses around high rises (Salcedo Village, Rockwell, and Ortigas). I suppose the East Greenhills Association (killer of Skycity) isn't the only wealthy NIMBY group in the country that try to kill high rises. I hope that this La Vista Association fails to bring this project down since the presence of high rises in the area do indicate demand.

Yup, I guess Ateneo owns the land and part of it's only used as parking area for the Loyola Schools.

This is a great developments and I hope it'll spur more development in that part of Katipunan, as it is less-developed as compared to the stretch fronting Ateneo.

[Sinjin P.]

Berkeley Residences

-SM Development's DEVELOPER - 2006 Annual Report

[thomasian]