WV’s tallest tower to rise at the Iloilo Business Park
By Marie Katherine Villalon
Megaworld, the country’s leading real estate developer and a pioneer of townships, has announced that it will build Western Visayas’ tallest residential condominium at the 72-hectare Iloilo Business Park, located in Mandurriao, Iloilo City.
The Palladium, an 80-meter-high 22-storey residential condominium to rise at the
Iloilo Business Park, Megaworld’s Live-Work-Play township in Mandurriao, Iloilo City.
Iloilo Business Park’s fifth residential tower, The Palladium will be 80 meters tall and will feature many “firsts”.
“It will be the first in the region to have sky gardens in every floor of the building. It will be the first to offer loft units at the penthouse that would allow residents an unobstructed view of Iloilo. The Palladium will have an infinity pool, children’s pool and day care center,” said Harold Geronimo, Megaworld’s head of Public Relations and Communications during a press conference held at the Iloilo Days Hotel, September 30.
Comprising 22 floors, The Palladium will have 482 units, ranging from studio, executive studio, one-bedroom to two-bedrooms. The tower will be divided into North Wing and South Wing. The penthouse will have loft units measuring 76 to 115 square meters.
“We are offering a unique living experience at The Palladium. Our loft units will be the first-of-its-kind in Western Visayas and our amenities will raise the bar of this city’s lifestyle for our future residents,” said Jennifer Palmares-Fong, Iloilo Business Park marketing head.
Fong said they are projecting P2.8 billion in revenues from The Palladium.
Jericho Go, Megaworld senior vice president said that they are very excited with this development. “We have received inquiries on how they can own a part of the township,” he said.
The other condominiums at the Iloilo Business Park are the three-tower One Madison Place Luxury Residences, the construction of which is ongoing; and the 14-storey European-inspired Lafayette Park Square, which will soon break ground. All the condominiums will have commercial areas at the ground floor. The construction of the 12-storey Richmonde Hotel Iloilo and the Marriott Courtyard Hotel is also ongoing, Go added.
The Iloilo Business Park has two centers for Business Process Outsourcing (BPO) companies. Go revealed that One Global Center is now operational, with BPO company StarTek, Inc. as its occupant. He added that another call center company expressed interest in doing business at the Iloilo Business Park. The second tower is Two Global Center.
Also to be constructed at The Iloilo Business Park are the Megaworld Lifestyle Mall, the 1.1-kilometer Festive Walk commercial and retail strip, open parks, transport hub and the 3,700-seating Iloilo Convention Center. The ICC will be the venue for the APEC 2015 ministerial meetings.
Go said that they will construct covered and connected walkways so that residents and workers can go from one building to another. “But, this will not break the privacy of the residents as there will be different elevators for them,” he said.
He also assured future residents of their security. “We will have an estate security provided by roving guards as well as security guards for every building. We also have CCTV cameras. We will provide future residents with accessibility, security and privacy,” Go concluded.
Megaworld has allocated P35-billion for the development of the Iloilo Business Park in the next 10 years.
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