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Old November 22nd, 2005, 04:07 PM   #1
thomasian
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ARANETA CENTER | Manhattan Garden City [18T|mix]

Megaworld to build P15-billion, 6000-unit Condo Project in Araneta Center, Cubao



Megaworld Corporation and Araneta Center, Inc. have joined hands in a P15-billion residential project that is the first of its kind to be integrated with the MRT-3 and LRT-2 mass transit systems that connect in Cubao, Quezon City. Under a joint venture agreement the two companies signed in August this year, Megaworld will build 17 buildings that host around 6,000 residential condominium units on a 4.2-hectare property owned by the Araneta Group at the 35-hectare Araneta Center. Transit-oriented Village The Megaworld –Araneta mega project is inspired by successful transport-oriented projects in Hong Kong and Tokyo. These are residential and leisure hubs built around major subway stations, offering unparalleled ease in mobility The project will offer fast and safe access to more places in Metro Manila than ever before as it will be only a few minutes away from all key points from north to south and east to west of Metro Manila along the service routes of the MRT-3 and LRT-2. The MRT-3 runs from North Avenue to Taft Avenue along EDSA while the LRT-2 is an eleven station , 14-kilometer line linking the east and west sides of Metro Manila. Both lines carry an average of 1.2 million passengers a day. Both systems also connect to the first LRT-1, which runs from Monumento in Caloocan to Baclaran in Parañaque. The LRT-1 joins with the MRT-3 at Taft Avenue in Pasay and the LRT-2 at Doroteo Jose in Recto. Pedestrian- and nature-friendly A focal point of the Megaworld –Araneta project is a three-story elevated walkway that will interconnect all 17 buildings & bring residents within walking distance to thr MRT-3 and LRT-2. The walkway will be the first in the country to feature garden-style landscaping and benches - making a walk to the train stations feel likea walk in a park. And with hundred of trees to be planted at the site, the project will highlight the Araneta Center as a scenic garden city. New Araneta Center Built by the Araneta family as the country’s first leisure and lifestyle complex in the 1960s, the Araneta Center is in the middle of redevelopment. In the pipeline are new residential and office buildings to be built around the P2.5 billion Gateway mall beside the Araneta Coliseum. Gateway was completed late last year by the Araneta Group of companies, which is into property development as well as food and beverage and leisure and entertainment. A top-notch architectural team led by US-based RTKL international designed the mall as a modern shopping and leisure hub. Among its chief attractions is the Oasis, an indoor hanging garden open to the sky that boasts 50-foot royal palm trees. It also hosts a state-of-the-art, 10 theatre Cineplex equipped with Dolby EX Digital Surround system and the country’s first and only La-Z- Boy cinema.

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Rusty has a rendering from the paper. He'll post it here
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Old November 22nd, 2005, 04:29 PM   #2
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there ya' go...



i never got the chance to use a scanner. sorry
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Old November 22nd, 2005, 04:49 PM   #3
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So when are they going to start construction? is this all talk for now? Looks like a very good development, but i hate developments with buildings that all look alike. Anyways, i should be happy about such a development.
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Old November 22nd, 2005, 04:50 PM   #4
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^yeah i agree it kind of makes it look like a commi style housing projects.
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Old November 22nd, 2005, 04:52 PM   #5
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the towers look not bad at all edgy glass roofs
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Old November 22nd, 2005, 04:55 PM   #6
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It would be nice if they spent thier P15 Billion for one supertall building located somewhere in the middle of makati CBD
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Old November 22nd, 2005, 04:58 PM   #7
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But not bad for a strategic location of a 6000-unit Condo Project
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Old November 23rd, 2005, 04:41 AM   #8
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I hope these units will be affordable for the average pinoy. It would do good in decongesting some parts of cubao.
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Old November 23rd, 2005, 05:08 AM   #9
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unfortunately AFFORDABLE doesn't translate to GOODLOOKIN' nowadays
but who knows
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Old November 23rd, 2005, 05:13 AM   #10
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for them to recover their 15B investment.. the average unit price should be at least 2.5M to break even.. so expect the smallest unit to be at the 3M mark..
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Old November 23rd, 2005, 05:19 AM   #11
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quite expensive. in that case, The St. Francis could be a better investment.
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Old November 23rd, 2005, 06:34 AM   #12
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meh nothing much of interest IMO. it's quite repetitive commie block style like someone mentioned, though with a bit more design
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Old November 23rd, 2005, 07:19 AM   #13
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not that special, but they are better than typical commie blocks.
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Old November 23rd, 2005, 08:09 AM   #14
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Quote:
Originally Posted by rusty18
unfortunately AFFORDABLE doesn't translate to GOODLOOKIN' nowadays
but who knows
Yeah, it reminds me of a cluster of condos somewhere in MM.
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Old November 23rd, 2005, 09:00 AM   #15
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Quote:
Originally Posted by rusty18
quite expensive. in that case, The St. Francis could be a better investment.

why?....whats the price range in St. Francis?...is it comparable to this development?
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Old November 23rd, 2005, 09:33 AM   #16
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but the location would be very good!!
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Old November 23rd, 2005, 09:45 AM   #17
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Quote:
Originally Posted by rusty18
there ya' go...



i never got the chance to use a scanner. sorry
neat nonetheless, 15 billion must be very nice not just a commie like anybody here said
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Old November 23rd, 2005, 09:48 AM   #18
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still...its good for Cubao area...more highrise...i hope they plan it well though ans particullarly the impact it will have on the traffic...lalo na sa Cubao.
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Old November 23rd, 2005, 09:56 AM   #19
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i think its around 6 building.we may expect another project in that area.di kasya un project na iyon sa likod land ng frointeir.
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Old November 23rd, 2005, 09:59 AM   #20
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another one bago lang ako kaya di ko alam language ninyo rito.ano ibig sabihin ng IMO & BTW?pasesnsya na.
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