A project of the Ayala Land-Eton Properties tie-up, the soon-to-rise 35-hectare central business district (CBD), with 50 percent dedicated to open space, is considered as its developers’ ‘greenest’ urban plan.
The investment called Parklinks is set to be built along the C5 corridor, traversing parts of Quezon City and Pasig City, its first phase of construction taking place in the next 10 years.
As the ‘greenest’ urban project, Parklinks will be featuring a 3-hectare central park, river park terraces, running & bike trails and riparian gardens “designed to accentuate the riverside are intended to highlight the natural topography of the land”.
This project will be developed under ALI Eton Property Development Corporation, the joint venture of property development giants Ayala Land, Inc. (ALI) and Lucio Tan-owned Eton Properties Philippines Inc. (EPPI).
Parklinks is expected to house 30 buildings in the future, as well as allocate 50 percent of the property for open space which “is sorely missing along the busy C5 corridor” according to ALI senior vice president and strategic landbank management group head Meean Dy.
A 110-meter long and 25 meter wide bridge linking Quezon City and Pasig over the Marikina River will also be constructed as part of the project. The property development group said that “this will create a new route that will help ease vehicular traffic in the northeast and east of Metro Manila”.
The “iconic” bridge will also have bike and pedestrian lanes for a safer commute, they added.
A 58,000-square meter regional mall will also occupy a space in the planned CBD. In addition to this, a 3,500-square meter sports complex that will house basketball, volleyball, and badminton courts, as well as a fitness gym and a dance studio, will be built on top.
According to EPPI chief operating officer Jess Lucas, Parklinks “is a living testament to Eton LT Group and ALI’s shared vision and commitment in providing sustainable excellent communities in urban centers to its valuable customers”.
ALI strategic landbank management group’s assistant vice president Ma. Carmela Ignacio said that 75 percent of the P53 billion investment for the first phase will be allotted for the construction of 10 residential towers from subsidiaries Ayala Land Premier and Alveo Land, while 17 percent will be for commercial leasing developments.
The remaining 8 percent will be for estate development.
The last phase of construction will begin in 2028, following the completion of the first phase, said Ignacio.
Once completed, the CBD will be accessible via C5, Amang Rodriguez Avenue and Ortigas Avenue.
Featured photo from Eton Properties Philippines Inc.’s official Facebook page