How new business districts are changing Manila’s landscape
In the past, there were only two central business districts in the Philippine capital – Makati and Ortigas.
Recently, Bonifacio Global City has emerged as as prominent business district, while smaller business districts have been popping up around the metropolis.
Now several upcoming developments are expected to further change the landscape of Metro Manila.
Among the new projects announced were Ayala Land Inc.’s (ALI) Circuit Makati and Arca South. Circuit Makati, formerly the Sta. Ana racetrack, is being developed as an “entertainment hub” with a theater, event grounds as well as residential condominiums and malls.
At the Bonifacio Global City, there are two upcoming mixed-use developments by Megaworld Corp. and Federal Land.
Megaworld’s Uptown Bonifacio is a 15.4 hectare mixed-use development located in the northern area of BGC. The property developer is allocating P65-billion for the project, which will have up to 18 towers, offering a total potential development of 500,000 square meters of residential space, 400,000 square meters of office space and 90,000 square meters of retail space.
Federal Land’s Veritown Fort, a 10-hectare project, will house the Grand Hyatt Manila, Grand Hyatt Manila Residences, as well as other residential projects.