Megaworld, the listed property company of Andrew Tan, is expanding its residential footprint in the 12.3-hectare Arcovia City township along C-5 Road in Pasig City, riding on the growing economy of the C-5 corridor.
The company is currently building the second residential tower of the development, known as Arcovia Palazzo, which is set to be composed of three residential towers of varying heights.
These three towers will be known as Altea Tower (40 stories), the Benissa Tower (45 stories), and the Cantabria Tower (49 stories).
Megaworld expects to generate around PH₱12 billion (US$229 million) in sales from the new residential project, which is set for completion in 2025.
The development of Arcovia Palazzo follows Megaworld’s first residential project in the township—the 37-story 18 Avenue de Triomphe, which comprises 576 units and is valued at PH₱4-billion (US$76 million). The tower, due for completion in 2023, is nearly sold out, and its construction has already commenced.
With a total residential inventory of 1,472 units, the Arcovia Palazzo is set to offer a wide variety of residential units. These include studios with or without balconies (up to 32 square meters), one-bedrooms with or without balconies (up to 46.5 square meters), two-bedrooms with balconies (up to 77 square meters), and three-bedrooms with balconies (up to 193.5 square meters).
“Megaworld expects to generate around PH₱12 billion (US$229 million) in sales from the new residential project, which is set for completion in 2025.”
Select bi-level units for one-bedroom and two-bedroom units are also available, offering layouts of up to 107 square meters for one-bedrooms and 139 square meters for two-bedrooms, Megaworld said in a statement.
The residential development is set to have various amenities and retail offerings as well.
Amenities will include an infinity pool with a pool deck, pavilion, jacuzzi, game room, fitness center, daycare center, outdoor seating lounge, playground, and green space.
At the towers’ ground level will be retail spaces that will have direct views of the iconic Arco de Emperador, the township’s landmark.
Currently, the township is home to Landers Superstore and the Arcovia Parade commercial area, as well as the Arco de Emperador.
Megaworld said that once completed, the township would become a master-planned area with a mix of uses, such as office towers, commercial developments, and parks within a single sustainable community along the C-5 corridor.
For more on this story, go to Philstar.