Buoyant on the property market’s long-term prospects, listed property developer Ayala Land, Inc. (ALI) has embarked on what may be one one of the industry’s mammoth projects — an P80-billion master-planned project.
Part of ALI’s burgeoning real estate portfolio, the project is to be located in Arca South, a 74- hectare central business district near the southern ends of major thoroughfares EDSA and C5, and right along the South Luzon Expressway.
ALI’s investment will be phased over the next five years as the former state-run FTI Complex is transformed from a collection of old warehouses into a mixed-use commercial development.
As envisioned, it will comprise residential communities, retail centers, office buildings, other establishments such as a hotel and a hospital, as well as recreational green spaces.
Arca South is located about six kilometers from Makati CBD and Bonifacio Global City, both premier CBD developments undertaken by ALI, and is expected to complement the business, living and recreational needs of these areas.
The name Arca South is derived from the word “arch,” a structure that typically indicates a welcoming entrance, as the development will serve as the gateway of the South.
“We envision Arca South to become an entrance to Metro Manila for those coming from the south – via SLEX from Alabang, NUVALI, Cavite or for those using the RORO [roll on – roll off] ships, even from as far South as Mindanao,” said Meean Dee, Ayala Land Vice President and Strategic Landbank Management Group Head.
Further improving accessibility is the government’s Southeast Intermodal Transport System (ITS) project, which is expected to accommodate an estimated 4,000 buses and 200,000 commuters a day. The terminal will be a central station for all provincial buses carrying passengers to and from Laguna, Batangas, Quezon and Bicol.
The Skyway and C5/C6 connector road project will provide access ramps to Arca South as well as separate ramps to the Southeast ITS. Meanwhile, the Ninoy Aquino International Airport is only a 10-minute drive from the development.
“As is typical for an Ayala Land development, the heart of the city will be a highly pedestrianized center,” added Ms. Dy.
Arca South will feature three distinct retail areas. It will have its own version of Bonifacio High Street, an open green space flanked by retail developments on both sides.
This lifestyle mall will feature upscale fashion stores, specialty retail and select dining establishments integrated with a lush landscaped park. It will also have a transit-oriented mall linked to the Southeast ITS to serve commuters.
For a complete shopping experience, Arca South will open a regional mall with 150,000 sqm of leasable space offering diverse shopping, dining and entertainment choices.
Upon completion, Arca South will comfortably accommodate as many as 60,000 residents and 400,000 office workers.
Integrated basement parking will be built to facilitate smoother vehicular flow above and below ground of Arca South. Office and hotel spaces will be built on top of retail spaces for prime garden views.
Energy efficient programs will be instituted.
Like other modern developments worldwide, Arca South will be equipped with a 24/7 Operations Center for efficient traffic and road management, and real-time alerts and emergency response.
Three of ALI’s residential brands, Ayala Land Premier, Alveo and Avida will have residential offerings highlighted by green spaces connecting residents to the retail areas.
Arbor Lanes will be the property’s first elegant address, fusing green spaces seamlessly with modern living. Pocket gardens and outdoor seating bring nature closer to each home.
Natural light and ventilation, landscaped courtyards, tree wells and other green architectural features, will make Arbor Lanes the showcase for sustainable and sophisticated residences.
Arbor Lanes is a sprawling garden community comprised of five blocks of 13-15 storey condominiums, arranged in a North South building orientation to maximize breezeways and minimize exposure to the afternoon sun.
Some 60% of the property has been allocated for landscape and open spaces. Each block will have 208 units with an average size of 108 sqm. including a garden space and balcony. Unit prices are upwards of P10.6 million. Turnover has been set for the first quarter of 2018.
Arca South’s location and access also makes it ideal for BPO sites for which nine towers will be launched within the next five-years, with 2 out of the 9 towers operational by 2017. A 200-bed QualiMed hospital offering highly specialized medical treatment will also be built in Arca South.
This facility will serve as the main treatment hub for the South of the city as well as surrounding provinces.
“We have taken the responsibility in putting in the elements required for a city — residential, institutional, retail, office, hotels then finally, a hospital.
The only difference in Arca South is that we are doing it all at the same time instead of one-by-one. This is how strongly we believe in our vision and how much of a commitment we are putting in to see it through,” added Ms. Dy.