Sunday, April 15, 2012
AS it topped off the first building of its condominium project at the South Road Properties, Filinvest Land Inc. (FLI) also announced plans to include four office buildings to house business process outsourcing companies in the area.
Tristan Las Marias, FLI first vice president, said that if the City Government approves, the four buildings will offer 40,000 square meters of office space. Each building will be five storeys.
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He admitted the BPO complex was not in the original plans for its joint venture with Cebu City, Citta de Mare, the master-planned community that includes San Remo Oasis.
However, he believes the condominium units will attract rentals from BPO employees, which would delight investors who purchased units to attract the rentals market.
Cebu City Mayor Michael Rama welcomed the proposal, saying the real intention of the SRP is to create job generating developments. A BPO complex such as what FLI is planning could easily employ 30,000, he said.
Officials said San Remo Oasis, a cluster of five-storey buildings, is the more affordable option at Citta de Mare, second to Amalfi Oasis which is for the high-end segment.
It offers studio, one-bedroom and two-bedroom units ranging from P1 million to P2.5 million and 22 to 45 square meters.
Las Marias said the first batch of residents are expected to move in. He also assured that the promised amenities, such as the swimming pool, clubhouse and parks, will be finished when residents move in.
Meanwhile, the proposed BPO complex is expected to be completed in 12 months.
Las Marias said Citta de Mare was envisioned to be a residential housing community that is “unique and the first of its kind in terms of lifestyle, location and amenities.”
It follows a seaside resort concept, with 10 hectares set aside for a 1.8 kilometer promenade and shopping complex, amusement center and amphitheater with a laser light show each night. They will hold a groundbreaking ceremony for this area next month.
FLI considers Citta de Mare the “biggest and grandest” of its eight developments in Cebu.
Published in the Sun.Star Cebu newspaper on April 16, 2012.
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