Welcome to the city of tower cranes, Iloilo City.
For resident Ilonggos, these cranes are regarded with pride — taking them as symbols of progress and abundance. For tourists, the prevalent sight of these metal structures gradually building the beautiful concrete jungle is awe-inspiring.
At this rate of urban development, considering Iloilo City as progressive is a total understatement.
Let’s take a closer look at 3 of the most anticipated mixed-use developments in Iloilo City.
1. Iloilo City Center by Gaisano Capital Group
Along B. Aquino Avenue (Diversion Road), a serious construction development is brewing in the east. Unlike other developments of similar scale, Gaisano’s Iloilo City Center is clandestine. As of this writing, the roads through the development are not accessible to the public thus making things a bit discreet. Passing by, you know something amazing is up but you just can’t see it yet.
Location: B. Aquino Avenue (Diversion Road) Iloilo City, Philippines
Developer: Gaisano Capital Group
Total Land Area: 16 hectares of mixed development (commercial, residential, and offices)
Investment Value: around P12 Billion
Jobs Generated: Around 10,000
Major Features and Highlights: 40-storey Gaisano Tower, 1K Man-Made Canal De La Reyna (and lake), Paraw-inspired Bridge, Mall and Trade Center
Current Update (as of June 2015): So far, the development is focused on the horizontal. The land is being paved as walkways and roads are taking form. The man-made canal is also taking shape along with the “Paraw” bridge. Not much vertical structure yet but the promise is definitely evident.
2. Atria Park District by Ayala
One of the more visited places in Iloilo today, Atria Park District is a solid development in terms of economic and entertainment value. Taking up most of Donato Pison Avenue, the development is Ayala’s major entry in Mega Iloilo.
Atria Park District is masterplanned to integrate residential, retail and business clusters similar to other developments in the city. But unlike Gaisano’s Iloilo City Center, Atria’s progress is very visible since Brgy. San Rafael is publicly accessible.
Atria already houses a hospital. An educational institution is also within the area.
Location: Brgy. San Rafael, Donato Pison Ave., Mandurriao, Iloilo City Philippines
Developer: Ayala Land, Inc.
Total Land Area: 21 hectares of mixed development (commercial, residential, and offices)
Investment Value: around P15 Billion
Jobs Generated: At least 10,000
Major Features and Highlights: QualiMed Iloilo, The Shops at Atria, Avida Towers and Storeys, Seda Hotel
Current Update (as of June 2015): The Shops is already open with some restaurants and boutiques already operational. QualiMed Iloilo is also softly operating. Residential buildings, Avida Storeys & Towers, are visibly under construction. Seda hotel is in its final stages.
3. Iloilo Business Park by Megaworld Corporation
Without a doubt, the most anticipated and grandest of all Iloilo City developments is Iloilo Business Park. Megaworld Corporation, the number one township developer in the country, acquired the solid ground of the Old Mandurriao Airport and made it the largest township outside Manila.
The idea is to have a holistic-living community within the city where people can Live-Work-Play-Shop-and-Learn. Apparently, Iloilo Business Park is not shy in its superlatives as it is considered to be the largest, potentially most complete, and best-planned development in Iloilo City.
Iloilo Business Park will have ten BPO-IT companies creating jobs for Ilonggos. It has two world-class hotels and three residential condominium projects (and counting). It has an expansive mall and a 1.1-kilometer dining & retail strip.
South of IBP, a large commercial district with 60 prime lots across 10 blocks was allotted for various investors. This remains an intriguing part of the development as it could potentially house various commercial institutions such as boutique hotels, recreational centers, shops, restaurants, schools, and hospitals.
Location: Old Iloilo Airport, Mandurriao, Iloilo City Philippines
Developer: Megaworld Corporation
Total Land Area: 72 hectares of mixed development (commercial, residential, and offices)
Investment Value: around P30 Billion
Jobs Generated: At least 30,000
Major Features and Highlights: Richmonde Tower and Hotel, Courtyard by Marriott Hotel, BPO-IT Park and Buildings, Street of Festive Walk (dining & retail strip), Festive Walk Mall, Commercial and Financial District, Residential Condominiums (The Palladium, Lafayette Park Square, One Madison Place, and more to follow)
Current Update (as of June 2015): McDonalds IBP was the first to operate last year until now. One Madison Place condo is in the initial stages of construction. The next two condos will start late this year or early next year. Currently, the grounds near the residential towers are being paved.
Festive Walk Mall, and Street of Festive Walk, is in busy construction mode — targeting to open early next year. One and Two Global Center are already in full operation for Transcom and Startek BPO companies. Construction of other BPO buildings is ongoing.
Richmonde Tower is already functional and home to Megaworld offices and Reed Elsevier company. Richmonde Hotel is in its polishing stages as it is set to open within the next few weeks. Courtyard Hotel by Marriot is also midway in its construction.
The commercial district is currently being developed horizontally.