Megaworld Ramps Up Projects in Arcovia City
Megaworld Corp. (PSE: MEG), the country’s leading developer of integrated urban townships, is ramping up its developments inside the 12.3-hectare Arcovia City township along C-5 in Pasig City. The company has allocated PhP35 billion to develop this township for 10 years since 2015.
The company is now simultaneously constructing its first office tower, the 17-storey One Paseo, offering 23,000 square meters of leasable office spaces; and a lifestyle mall that has its own walk parks, viewing deck and leisure facilities.
The township’s centerpiece is the Arco de Emperador, a 62-feet high arch monument inspired by the Arco de la Victoria of Madrid.
Designed by Spanish sculptor Gines Serran Pagan, the monument has bronze statues of three horses, two lions, two trumpeting angels and the Emperor on a chariot, which dramatically symbolizes power, strength, passion, and self-made success. The ground level of the monument will house a museum, which will become another major attraction of the township.
“Our vision for this new township is to inspire the young generation to persevere and work harder to attain their own successes and victories in life. There is a deeper story embedded into this development, and we will tell that story through the installations and attractions around the township,” explains Kevin L. Tan, senior vice president, Megaworld.
Megaworld is growing 1,000 Narra trees around the township, which will serve as natural shades to the surroundings.
The township’s first residential development is the 37-storey 18 Avenue de Triomphe, which will have 576 residential units ranging from studio (up to 32.5 square meters); one-bedroom (up to 63 square meters); two-bedroom (up to 110.5 square meters); and three-bedroom (up to 154 square meters). All units have their own balconies, overlooking Eastwood, Ortigas and Fort Bonifacio cityscapes as well as the Antipolo mountains.
Packed with amenities, the 18 Avenue de Triomphe features its own swimming pool, children’s playground, outdoor fitness park, game and entertainment room, fitness center, event hall, ourdoor lounge and a viewing deck, overlooking the various attractions of the township including the iconic Arco de Emperador.
The 18 Avenue de Triomphe will be completed in 2023. Total projected sales for this residential project is expected to reach PhP4 billion.