PROJECT WATCH | Megaworld’s Davao Park District
Property giant Megaworld brings a pioneering “LIVE-WORK-PLAY-LEARN” concept to its first township development in Mindanao. The real estate giant is developing its first township development in Mindanao. It is called the Davao Park District, and Megaworld is allocating P15-billion in the next five to seven years to build and develop it.
Located on a 11-hectare property along the S.P. Dakudao Loop in Lanang, Davao Park District is envisioned to be Davao City’s central business district (CBD) and a major center for information technology and business process outsourcing (IT-BPO) in Mindanao. Also in Davao Park District, are the themed residential condominiums that will be built by Suntrust, a subsidiary of Megaworld with the first building already sold out, and the second building launched ahead of schedule. The township will also have a lifestyle mall, commercial and retail strips, open parks, a lagoon, and a school.
“Davao City is the economic center of Mindanao. This is the best place to build our very first township in Southern Philippines, which we envision to be Mindanao’s new central business district. In Davao Park District, the people of Mindanao can finally experience Megaworld’s pioneering LIVE-WORK-PLAY-LEARN township concept,” says Dr. Andrew L. Tan, chairman and chief executive officer, Megaworld.
First to rise in the township will be office towers suited for business process outsourcing (BPO) companies and other corporate offices. Megaworld recently announced that its office space inventory would reach 712,000 square meters this year, the biggest in the industry and to generate around 100,000 jobs by 2020.
“As the country’s largest office developer and landlord, we will also be bringing our expertise and leadership in the development of state-of-the-art office towers to Davao City. We hope to bring in new BPO locators to set up operations in the city,” says Jericho P. Go, first vice president, Megaworld.
Davao Park District will be Megaworld’s 10th township in the Philippines. Other successful townships developed by Megaworld includes:
- 50-hectare McKinley Hill
- 5-hectare Forbes Town Center
- 34.5-hectare McKinley West
- 15.4-hectare Uptown Bonifacio, all in Fort Bonifacio
- 25-hectare Newport City in Pasay City which is home to the famous Resorts World Manila
- 12.3-hectare Woodside City along C-5, Pasig City
- 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu
- 72-hectare Iloilo Business Park in Mandurriao, Iloilo City
“We are excited to revitalize the landscape of Davao City with our LIVE-WORK-PLAY-LEARN concept for this mixed-use development. This is like bringing Eastwood City to Mindanao,” reveals Go.
Source: Megaworld Corp.
