The latest seaside development that is seen to attract and spur new business investments in Cebu province aims at delivering sustainability and contributing to growth in the local economy.
Ayala Land has introduced a prime commercial development called District Square, located within the scenic seaside South Coast City in South Road Properties (SRP), Cebu City.
The waterside commercial area will have infrastructure and amenities that support a vibrant community, Ayala Land said in a statement.
“Our aim is to build sustainable developments that contribute significantly to the local economy and provide a safe and healthy quality of life. District Square is a unique opportunity to build or invest, given the combined investment plans of both ALI and SM in South Coast City, the infrastructure program in the area, and the progressive Cebu market where master planned estates are hard to come by. We would like to invite partner locators to share in this vision and be part of seeing this through,” said Meean Dy, senior vice president and head of Ayala Land Estates Group.
District Square offers commercial lots that present land bank and investment opportunities to those who aspire to locate in South Coast City in the future. The lot sizes range from 1,777 to 2,601 square meters (sq.m.) and will be ideal for offices, hotels and other commercial uses.
South Coast City is located on Cebu South Coastal Road and can be accessed via the new Cebu-Cordova Link Expressway bridge (third Mactan Bridge) which is expected to be completed by 2022.
Fronting the Cebu Strait, South Coast City will enjoy waterside views and features. A pedestrian road network is designed to link the main areas of the development and a 1.1-hectare civic park will be its centerpiece.
Retail and entertainment concepts anchored by an arena and convention center are also planned for the area.
Developed by the consortium of SM Prime Holdings, Ayala Land, Inc. and Cebu Holdings, Inc., the 26-hectare property in SRP broke ground in 2020. It aims to contribute to the economic recovery efforts of the province by enhancing the offerings available to the region.
The project is expected to generate P90 billion in investments and 2.4 million in direct and indirect jobs upon full completion.
Source: Malaya