P1.2B earmarked for the development
By Dominique Gabriel G. Bañaga
Property developer Megaworld Corporation yesterday revealed plans to build two office towers inside the 34-hectare The Upper East township in Bacolod City. The two office towers, which will be called No. 1 Upper East Avenue and No. 5 Upper East Avenue, will offer around 17,000 square meters of office space, particularly for the information technology and business process outsourcing (IT-BPO) sector.
The towers will be strategically located along the township’s main avenue, the six-lane Upper East Avenue, which connects the city’s Lopez Jaena Street and Circumferential Road. Both towers will also face the planned Upper East Mall.
“These two new office towers will be Megaworld’s first office developments in Bacolod, and we look forward to [bringing] in new BPO locators to the city,” said Megaworld Chief Strategy Officer Kevin L. Tan. “To be operated under our Megaworld Premier Offices brand, these Upper East Avenue towers will showcase the company’s signature state-of-the-art features in office developments—making them the most modern offices to rise in Bacolod City.”
The structures will include amenities such as roof gardens, dual-flush toilets, double-glazed windows to promote energy efficiency, along with basement and ground level parking.
Megaworld will spend P1.2 billion to build the towers, which are scheduled for completion in 2022./DGB, WDJ