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News Top Stories Megaworld to launch 5th condo in Ft Boni
News Top Stories Megaworld to launch 5th condo in Ft Boni
| Megaworld to launch 5th condo in Ft Boni |
| Thursday, 10 July 2008 06:23 | ||||||
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The project, called The Venice Luxury Residences, will comprise a seven-tower cluster within the company’s 50-hectare Mckinley Hill township project. Set to occupy a 2.1-hectare site, the Italian-inspired The Venice will be developed over five to seven years with the construction of the first of seven towers to begin next year. The seven towers have Italian-sounding names such as Allesandro, Bellini, Caruso, Domenico, Emanuele, Fiorenzo and Giovanni. They are perfectly integrated with the Mckinley Hill Town Center’s Venetian Mall, which features a Grand Canal where residents and visitors can take a romantic gondola ride and pass by the famed Rialto Bridge. The mall is expected to open late next year. Average unit prices for The Venice Residences, which will all feature balconies, are as follows: P3.6 million for a 40.3-square meter studio, P6 million for a 66.4-sqm one-bedroom, P9.5 million for a 102.6-sqm two-bedroom and P11 million for a three-bedroom at 119.5 sqm. Megaworld said it consulted with Italian architectural firm Paolo Marioni Architetto to make sure The Venice remains true to its origins and inspiration. Other landmarks to rise in The Venice Residences are the St. Mark’s Tower, Clock Tower, shopping promenades and the Piazza Grande with its live acts. The Venice Residences follows the nearly-completed McKinley Hill Garden Villas Phase 1 and 2 and McKinley Hill Tuscany Private Estate, which has enjoyed brisk pre-selling. Other condominium projects in place include the three towers of Stamford Executive Residences and Morgan Executive Suites. Megaworld, a real estate development firm owned by tycoon Andrew Tan, will develop 17 new residential projects this year with total projected revenues of around P26 billion. Most of the projects will be located in the company’s five major township developments across Metro Manila — Eastwood City in Quezon City, McKinley Hills and Forbestown Center in Taguig City, Manhattan Garden City in Quezon City, Newport City in Pasay City and Cityplace in Manila.
Tags: Megaworld Bonifacio Global City condominium Venice Luxury Residences Allesandro Bellini Caruso Domenico Emanuele
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