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Paseo Del Rio Business Complex


A ’City within a City’ which will be known as Paseo del Rio will soon rise at the Macasandig end of Kagay-an Bridge. This was revealed by Ms. Rafaelita P. Pelaez, CEO of the GOPEL Group of Companies, owners of the property where the project will go up.

The Pelaez Family donated the rotunda of the property to the city, the area at the foot of the new bridge that connects to Carmen, and they intend to develop it into a business center which was designed by Felino Palafox, Jr. whose company is reportedly rated as the 94th top architectural company in the world.

City Mayor Constantino G. Jaraula welcomed the proposed architectural project, an ambitious riverfront mixed use development of a 10-hectare property owned by the Pelaez family at barangay Macasandig, this city. He said that once realized, the project will certainly emerge as Cagayan de Oro City’s newest growth area within the urban center.

The City Mayor, at the same time, expressed optimism that the “Paseo del Rio” project or translated as “promenade by the river”, will stimulate the development of Cagayan de Oro as a globally-competitive city and put the city in the global tourism map.


Palafox was commissioned by the family of Dr. Rafaelita P. Pelaez to craft the project’s architectural design and overall concept. He designed the ‘Palm Island” of Dubai, The Rockwell Center of Makati, The Ayala Business Park of Cebu, Ayala Alabang, the Divine Mercy Shrine in El Salvador City and several other places here and abroad.

The multi-million “Paseo del Rio” project, that will cover open areas surrounding Carmen/Nazareth/Macasandig Bridge, will also complement with Mayor Jaraula’s flagship river boulevard development project which he is boldly pursuing along the riverbank of the Cagayan de Oro River.

The initial phase of the “Boulevard” along the river bank will consist of a 600-meter “walkway” from City Hall up to the city’s fifth bridge, to be known as the “Golden Mile, and a “Boulevard” from Toribio Chaves Street to J.R. Borja Street.


Mayor Jaraula expects to raise about P40 Billion from investments in this boulevard once finished.

In his presentation before the members of the City Council last week Palafox said the proposed Paseo del Rio project is designed… “as a place where people can walk, shop and dine in one walkable community…”

Applying his vast expertise in modern urban planning and design, Palafox said the concept of the “Paseo del Rio” is a multi-use approach of development in the project site that will boast of high-rise waterfront buildings and global-sized hotels of at least 350 rooms, restaurants, mixed-use commercial and business centers, playground, covered walkways, bicycle lanes, gazebo, rotunda, underground parking, and many amenities and recreational facililities.

Once fully developed, the project can generate employment to about 30,000 to 50,000 people, according to Palafox.

In addition to this, other nearby areas could possibly be additional sources of development and this may eventually end up as a ‘City within A City.’ (With a report from CIO)
 

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Golden City
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Repost..
First-ever green condo in Mindanao to rise in Pueblo de Oro
By Mike Banos

Cagayan de Oro will soon host another coming out party when its first-ever high-rise condominium building complex goes up late this year at the Pueblo de Oro Township, adding another landmark to an increasingly impressive skyline.

Volt Flores, Pueblo de Oro Development Corp. (PODC) Product Manager said the condominium has been dubbed the Twin Eco Towers and will be situated just across the present Concentrix building in the Pueblo de Oro Business Park.


Aerial view of the Twin Eco Towers as viewed towards SM

“Twin Eco Towers is conceived to be a 10-storey, 12,000 square meter mix residential and commercial space, which will also be the first green building complex in Mindanao designed with eco-friendly, sustainable features such as solar power panels, optimized power usage, and maximized natural lighting and ventilation,” he added.

Euroasian Design & Eco-Development Corporation (Italpinas) and PODC signed the final agreement for Italpinas’ acquisition of the 1,125 square meter (sq.m.) property on March 10, 2009 at the PODC Corporate Headquarters in Makati City. Investment and Capital Corporation of the Philippines acted as arranger for the deal.





During the contract signing : (from left) Pueblo de Oro Development Corporation (PODC) Chairman & CEO Guillermo D. Luchangco , PODC Vice President & General Manager Rodolfo L. Meñes, ITALPINAS (ITPI) President & CEO Mr. Romolo Nati and ITPI Chairman Mr. Jose P. Leviste, Jr.


(2nd row, from left) ICCP Group Senior Manager for Corporate Communications Apple S. Barretto; Attorney Benedicto Panigbatan of Sycip, Salazar, Hernandez & Gatmaitan, legal counsel for PODC; Attorney Shennan Sy, legal counsel for ITPI; and Attorney Gerry V. Sebastian, legal counsel for PODC.




Flores, who also handles product development for PODC, said the Italian architectural firm ITAproject, an internationally awarded Italian company with an established a track record in “green” architecture and design would design the Twin Eco Towers.

“The first floor is conceived to have about 750 sq.m. of commercial space, while the second floor would be let out as offices. About 100 units of one-bedroom, two-bedroom and studio type residential condominium units will be located from the 3rd to the 10th,” Flores said. Project cost has been initially pegged at P200 Million.





(Top) View from the gas station and (bottom) inner courtyard view of the Twin Eco Towers. (courtesy of ITALPinas)

Italpinas CEO Romolo Nati said that the final conceptual design will be ready by May and construction is expected to begin in the fourth quarter of 2009.

In addition to the Twin Eco Towers, PODC plans to start construction on a two story commercial building at Regatta Square by the last quarter of this year.Flores said the planned edifice would have commercial spaces to let in the ground floor and mixed-use spaces suitable for medical/dental clinics, spas, and stores in the second floor.

Also on the drawing board is a third PODC building along Masterson Avenue that is expected to rise by the end of the year.
 

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Golden City
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Repost: 10/F Malberry Business Hotel
PROJECT WATCH: Mallberry Suites Expansion almost done
Posted on October 13, 2010 by damarre




Mallberry Suites expansion project is now on the homestretch of opening more rooms in the new buildings. Arguably the most favorite downtown hotel in the city, Mallberry is always fully-booked which compelled the owners to expand.

As seen in the photos, work is now focused on the exterior of the 7-storey building closest to Osmeña St. The 10-storeycenter building is also done perhaps with interior finishings left to complete.

The hotel’s location makes it ideal for business travellers and tourists alike due to its proximity to Limketkai Mall and other convention venues. Just browse over the pictures for the latest updates.















http://cagayandeorodev.wordpress.com/
 

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its time for mindanao
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unstoppable developments of cagayan de oro:cheers:
 

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