Megaworld is investing Php 35 billion to create new homes and business districts in Negros Occidental’s capital.
From left: Megaworld PR & Communications head Harold Geronimo and Senior Vice President Jericho P. Go
Property giant Megaworld Corporation announced their plans to invest Php 35 billion to build two townships in Bacolod over the next 10 years.
“Finally, the people of Bacolod and Negros will be able to experience what we have offered in Eastwood City, Newport City and McKinley Hill. We are very excited to bring our pioneering live-work-play concept to the City of Smiles,” Megaworld senior vice president Jericho P. Go said.
The first township, named The Upper East, is a 34-hectare development on the eastern side of Bacolod on the old site of the Bacolod-Murcia Milling Company (BMMC). Inspired by the Upper East Side of New York City, the township will be an upscale lifestyle district composed of residential condominiums, malls, commercial centers, BPO office towers, and tourism and leisure facilities.
“We will build The Upper East with a vision of making it as Bacolod’s new central business district or CBD,” Go said of the township, which is bounded by Burgos Avenue, Lopez Jaena Street, and Circumferential Road.
Northhill will be a joint venture between Megaworld and its subsidiary Suntrust Properties, inc. in partnership with the Lacson Properties. The 50-hectare township will rise in the northern part of Bacolod along the Circumferencial Road. Northhill will have a direct link to The Upper East and will comprise of upscale residential villages, mixed-use offices and retail developments, leisure and recreational amenities, and institutional facilities.
“Just as what we have done with our other developments, we will transform the sugarcane fields into a bustling new district. Within five to ten years, we envision this area to be the most sought-after business and lifestyle address for Negrenses,” Go stated.
According to Megaworld, the two townships combined will generate an estimated 250,000 direct and indirect jobs in BPO, construction, transportation, commercial, and retail businesses.
Photo courtesy of the Megaworld Corporation Facebook page