These days, it’s no longer enough for a buyer to find a home that’s just affordable and close to work. If they can buy a house or condo where everything’s just a few steps away, that’s all the better. Imagine if your next shopping trip can happen with just a ride down the elevator. Or if you can beat the clock getting to work even as you’ve just walked out of your unit three minutes before 8 AM. How about traipsing into your door a few yards away from your picnic site because you forgot the ketchup? When you can find all of these and more in one place, you’ve probably just steered yourself into a township.
Townships are communities that offer pretty much everything a person needs within a master-planned space to lead a complete and comfortable lifestyle: dwellings in the form of houses or condos, careers in the form of office towers housing various companies, convenience in the form of on-site malls and shops, and respite in the form of landscaped gardens and parks. Various developers have set up these cities-within-cities all over the country (Ayala Land has at least one in 14 cities, and Megaworld Corporation just rounded up their portfolio to 20 townships last year), and many of them are located in the nation’s former capital, Quezon City.
As a city that contains some of the country’s key government offices, best schools, and top hospitals, it would only make sense for developers to view QC as a top location for people who are looking to buy a new home, or those who see the city as one real estate investment destination that will constantly thrive. Here are five townships that are continuing to change the way residents see (and live in) the City of New Horizons.
Established in 1999 by Megaworld, Eastwood City is one of the pioneering “live-work-play” projects in the township game, being hailed as the first cyberpark in the country, as well as the first township to be accredited by the Philippine Economic Zone Authority (PEZA). Located in Brgy. Bagumbayan along C5 Road, the township started with an original plan of 17 hectares in its 1997 launch, but was expanded to 18.5 hectares in 2014. It currently houses 21 high-rise condominiums with 7,250 units, and is home to an estimated 25,000 residents. Its 11 corporate office towers with 270,000 sqm of office space houses around 100 companies and employs about 60,000 workers in the information technology-business process outsourcing (IT-BPO) industry. Three lifestyle malls—Eastwood Mall, City Walk I and II, and Cyber and Fashion Mall—occupy a total of 104,000 sqm of office space, while serving as temporary lodging for guests is the 138-unit Eastwood Richmonde Hotel.
Eastwood City is credited for being one of the first townships in the Philippines (Photo from Megaworld Corporation)
Announced early 2015, the 11-hectare Cloverleaf is Ayala Land’s mixed-use development that will see construction over a five-year period with an investment of Php25 billion. Found in Balintawak, the project will be composed of residential components to be provided by Ayala Land’s affiliate brands; Alveo Land’s 600 condo units, and Avida Land’s 2,000 units will see completion by 2019 and 2020. A shopping mall with 40,000 sqm of leasable space will open by the last quarter of 2017, which is also the target year for completing a 250-bed hospital under the QualiMed brand. A 500-sqm landscaped promenade that connects EDSA to A. Bonifacio will act as a safe walking area for visitors and shoppers in the area.
The 11-hectare township Cloverleaf will cost Ayala Land Php25 billion to build over the next five years. (Photo from ayalaland.com)
Developed by Eton Properties, the 12-hectare Eton Centris is a mixed-use township project at the corner of EDSA and Quezon Avenue within the Triangle Park business district. Initially a property of Lucio Tan–owned Paramount Land Equities, Inc., Centris was purchased by Eton in 2008, when it was announced that it would eventually have mid- to high-end residential towers, several office towers, and commercial and retail components, among other things. Currently in operation are Centris Station, a two-level mall directly connected to the Quezon Avenue Station of MRT-3; food and retail strip Centris Walk; office buildings One, Two, Three, and Four Cyberpod Centris; and the 1,165-sqm corporate and social event venue Elements at Centris. Residential tower One Centris Place is currently in the works, and Eton recently announced plans for a fifth Cyberpod.
Eton Centris, primarily a commercial and transportation hub, will soon be the site of a new residential tower. (Photo from eton.com.ph)
Bordered by EDSA, North Avenue, and Quezon Avenue in the North Triangle district, Vertis North is a 29-hectare mixed-use urban development by Ayala Land. The township, launched in March 2015, is envisioned as Quezon City’s central business district, and will consist of 45 towers of residences, offices, a hotel, and retail space designed to offer a business and leisure lifestyle to the north. Its residential element includes the two-tower High Park by Alveo Land and the three-tower Avida Towers Vita by Avida Land. It will also house the Php2.5 billion Seda Vertis North, a 483-room hotel designed be the largest under the Seda Hotel brand. Twenty-four towers of office spaces will be built, which will mainly cater to BPOs and are projected to generate around 200,000 jobs. Bloomberry Resorts Corp., which owns and operates Solaire Resort and Casino, purchased a section of Vertis North, where it plans to construct a mixed-use development.
Ayala Land is envisioning Vertis North as QC's central business district. (Photo from the Vertis North Facebook page)
While the Araneta Center has been recognized as a business and entertainment hub for a long time (its centerpiece, the Smart Araneta Coliseum, was launched in 1960), the 35-hectare commercial area in Cubao is currently being redeveloped by the Araneta Group to be a garden city with modern amenities. With an allocated Php30 billion investment and a 20-year timeline, Araneta Center will be enhanced with several new elements such as the BPO complex CyberPark Towers, Gateway Mall 2, deluxe business hotel Novotel, and the 60-level Civic Plaza. The existing New Frontier Theater will be converted into a modern Life Theater with a seating capacity of over 2,000. The Araneta Group also collaborated with Megaworld in providing residential elements to the center through its subsidiary Empire East Land Holdings, Inc. Manhattan Garden City is a garden-inspired, transit-oriented community composed of 18 high-rise towers offering 8,500 units and 30,000 sqm of retail space.
Aside from commercial, hotel, and office elements, Araneta is also offering residential segments through Empire East. (Photo from aranetacenter.net)