Friday, November 21, 2014

Megaworld invests P30 billion in beachside project

Known for Eastwood, Newport, McKinley Hills and Forbestown Center, Megaworld Corp. debuted recently with a seaside township to add to its growing portfolio.

“Everything can be enjoyed by the beach,” said Noli D. Hernandez, president of Megaworld Cebu Properties. The statement, in itself, could encapsulate the core idea behind the project, billed as the Mactan Newtown in Lapu-Lapu City, Cebu.

At 28.8 hectares, the township is pegged to hold five hotels, a three-level shopping mall, a cyberpark, a school, 10 luxury condominiums, sports facilities, and office towers for Business Process Outsourcing (BPO), all of which will take shape on a beachfront property within view of Cebu’s popular dive site, Hilutingan Channel, and its bird sanctuary, Olango Island.

The Mactan Newtown factors in as the developer’s 10th township. It is envisioned to provide a modern, beachside lifestyle to its residents, professionals, and students. Megaworld has estimated its completion date at five to seven years.

“I don’t think other properties can offer the same benefits and features like having all you need in one place, plus a beach,” said Hernandez.

The 10 luxury residential towers are presently in construction phase. At 18 stories, each of the towers are allotted a unique theme. The first tower to enter construction, 8 Newtown Boulevard features a rock garden, a bonsai garden, and a koi pond in line with its Japanese-inspired look. Another condominium, One Pacific Residence, is catered to an active lifestyle, equipped with amenities like a tennis court, playground, a five-storey rock-climbing wall, and an aqua gym with underwater treadmills. The three-tower One Manchester Place, meanwhile, has a cabana, a play area for kids, a children’s daycare center, a gym, and an “ultra-modern” game room to cater to families.

Costing up to P8 billion overall, the luxury hotels have up to 2,000 rooms. To date, the roster of brands include the Mactan Belmont Luxury Hotel and Savoy Hotel Mactan Newtown.

Pegged to open at least 45,000 jobs, the township’s business component will consist of at least seven office towers by 2020. Two IT-BPO companies have already leased the first building, called One World Center.

Meanwhile, the township’s educational institution is set to commence its school year in 2016 to 2017. Billed as the Newtown School of Excellence, the facility will rise on a 7,000-square meter lot, with a multilevel building, laboratories, an audio-visual room, open and covered courts, and green spaces.

Named "Plaza Magellan," a nod to the island's history, the three-level lifestyle mall will be furnished with a life-sized replica of the Galleon Victoria, Ferdinand Magellan's vessel. The mall itself is designed with a European look and feel in mind, drawing inspiration from hilltop towns in Portugal and Spain. Its entrance opens out to the iconic Lapu Lapu Shrine, the site of the datu's battle with Magellan in April 1521.

“Plaza Magellan will be an iconic landmark not just for The Mactan Newtown, but also for the entire Central Visayas region and the Philippines as a whole,” said Hernandez. “We are already coordinating with the National Historical Commission of the Philippines on how we can integrate this landmark with the Mactan Shrine. We are also committed to helping the local government in the rehabilitation and improvement of the historic national shrine.”


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