Cebu Business Park

Last updated
Cebu Business Park
Central Business District
Cebu Business Park Cardinal Rosales Avenue office buildings (Cebu City; 01-23-2024).jpg
Skyline
Cebu Business Park, Archbishop Reyes-Escario flyover (Cebu City; 01-14-2024).jpg
Archbishop Reyes Avenue
Skyline of Cebu Business Park.jpg
Panorama view
Cebu Business Park
Metro Cebu location map.svg
Red pog.svg
Cebu Business Park
Coordinates: 10°18′57″N123°54′21″E / 10.31583°N 123.90583°E / 10.31583; 123.90583
Country Philippines
Region Central Visayas
Province Cebu
City Cebu City
Area
  Total0.50 km2 (0.19 sq mi)
Population
 (2015)
  Total816
  Density1,600/km2 (4,200/sq mi)
Time zone UTC+8 (PST)
Website Official website

Cebu Business Park (CBP) is a 50-hectare master-planned development in Cebu City, Cebu, Philippines. Cebu Holdings, an affiliate of Ayala Land, is currently responsible for the development of Cebu Business Park. Integrating business, residential, sports, recreation and leisure facilities, the centerpiece of the business park is the 9-hectare Ayala Center Cebu shopping mall, which draws 60,000 shoppers daily. [1] [2]

Contents

History

In the late 1980s, the Cebu provincial government headed by Governor Lito Osmeña sold its 45-hectare property used as the Club Filipino golf course to the Ayala Corporation. [3] The Cebu Business Park was launched in 1989 with 100 commercial lots for sale, with Ayala Corporation, through its subsidiary, Cebu Holdings, retaining spaces for their own development. [4] The development features for the Cebu Business Park were incorporated into the 1990 zoning ordinance of Cebu City. Land development work on the business park was completed in 1992. [3] The very first building to rise in the park was the Cebu Holdings Center, an office condominium nine stories high, followed by Ayala Center Cebu in 1994, and a Marriott Hotel in 1997 (now a Seda Hotel). [4]

Businesses

Skyline of Cebu Business Park as 2022. Cebu Business Park and IT Park skyline (Cebu City; 09-07-2022).jpg
Skyline of Cebu Business Park as 2022.

As one of Cebu City's premier business and commercial districts, Cebu Business Park houses several companies ranging from business process outsourcing to industries. Among them are Innove Communications, Vivant Corporation, Johndorf Ventures Corporation, Taft Property, SGV & Co., Joaquin Cunanan & Co./PricewaterhouseCoopers, Regus, Jinisys Software, Taiheiyo Cement, and Cathay Pacific. The business park is also home to local and foreign banking and financial institutions such as HSBC, Citibank, Chinatrust Bank, BDO, Metrobank, LandBank, RCBC, Security Bank, PSBank, Chinabank, UnionBank and Asia United Bank. [5]

Residential

Cebu Business Park hosts residential areas such as Ayala Land developments mostly within the immediate vicinity of Ayala Center Cebu. Across the mall is Avalon Condo Cebu, a 21-story premium condominium complex. 1016 Residences, a 27-story condominium building, [6] offers 109 exclusive two to three-bedroom units. There are also limited edition penthouse units with price ranging from ₱10 million to ₱45 million. The development features landscaped gardens, a kiddie play area, lobby lounge, roof deck and a sports facility. [7] There is also Park Point Residences, a 38-story condominium building offering 255 one- and two-bedroom units to three-bedroom penthouse units. [8] [9] Alongside the two developments is the more recent The Alcoves, another luxury condominium spanning two residential blocks and scaling up to 37 stories featuring one- to three-unit bedrooms. [10] Other developments include 21-story Sedona Parc [11] and three-towered Solinea, [12] residential projects by Alveo Land, [13] and a subsidiary of Ayala Land.

See also

Related Research Articles

<span class="mw-page-title-main">Bonifacio Global City</span> Central business district in Taguig, Philippines

Bonifacio Global City is a central business district and major financial hub located in Taguig, Metro Manila, Philippines. It is located 11 kilometers (6.8 mi) southeast of the capital city of Manila. The district experienced commercial growth following the sale of a 440 ha military base at Fort Bonifacio by the Bases Conversion and Development Authority (BCDA). The entire district used to be the part of the main Philippine Army camp.

<span class="mw-page-title-main">Ayala Avenue</span> Major avenue in the National Capital Region of the Philippines

Ayala Avenue is a major thoroughfare in Makati, the Philippines. It is one of the busiest roads in Metro Manila, crossing through the heart of the Makati Central Business District. Because of the many businesses located along the avenue, Ayala Avenue is nicknamed the "Wall Street of the Philippines" and dubbed in the 1970s and 1980s as the "Madison Avenue of the Philippines".

<span class="mw-page-title-main">Cebu IT Park</span> Business park district in Cebu City, Philippines

The Cebu IT Park is a 27-hectare (67-acre) business park in Cebu City, Philippines. The park is envisioned to attract locators in the information technology industry. It is developed by Cebu Property Ventures and Development Corporation, a subsidiary of Cebu Holdings, Inc., in turn a wholly-owned subsidiary of Ayala Land.

<span class="mw-page-title-main">Arca South</span> Place in Philippines

Arca South is a 74-hectare (180-acre) planned unit development owned by Ayala Land, Inc. located at East Service Road, Barangay Western Bicutan, Taguig.

<span class="mw-page-title-main">Ayala Center Cebu</span> Shopping mall in Cebu City, Philippines

Ayala Center Cebu is a large shopping mall owned by Ayala Malls at the Cebu Business Park in Cebu City, Philippines. It is the first Ayala mall located outside of Metro Manila. It opened in November 1994, one year after their rival mall, SM City Cebu opened. For more than 20 years, it was the only Ayala Mall to bear the word Ayala in its name until Ayala Malls Serin opened in March 2015.

The Alveo Financial Tower, formerly known as the JAKA Tower, is an office skyscraper under construction in Makati, Philippines. The construction of the tower formerly owned by the JAKA Group of the family of Senator Juan Ponce Enrile commenced in 1996 but was halted in 1998. In 2014 it was acquired by Ayala Land which later through its unit Alveo Land relaunched the tower as the Alveo Financial Tower in 2015.

<span class="mw-page-title-main">Marquee Mall</span> Shopping mall in Pulung Maragul, Angeles City

Ayala Malls marquee

Megaworld Corporation is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index. The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. In addition, it provides other services such as project design, construction oversight, and property management. Among its landmark projects is Forbes Town Center, a 6-hectare commercial and residential district in Fort Bonifacio, Taguig, Metro Manila. Another project by Megaworld is the 45-storey Petron Megaplaza office skyscraper, which was the tallest building in the country upon its completion in 1998. Also, last May 31, 2016, Megaworld announced that they will build two more office towers, 10-storey One Republic Plaza, and six-storey Emperador House, in Davao City. The two towers will provide an additional 30,000 sqm of office spaces for lease.

<span class="mw-page-title-main">Iloilo Business Park</span> Central business district in Western Visayas, Philippines

Iloilo Business Park (IBP), also known just as Megaworld among the locals, is a 92-hectare (230-acre) mixed-use master-planned central business district in Mandurriao, Iloilo City, Philippines by Megaworld Corporation. It is an integrated township project featuring a financial district, a lifestyle mall, office buildings catering to business process outsourcing firms, boutique and deluxe hotels, a convention center, and medical services facilities.

<span class="mw-page-title-main">Bonifacio High Street</span> Place

Bonifacio High Street is a mixed-use development in Bonifacio Global City, Taguig, Metro Manila, Philippines located just near Serendra, Market! Market! and SM Aura Premier. It is owned by Ayala Malls, a real-estate subsidiary of Ayala Land, which is an affiliate of Ayala Corporation. It opened the main development in 2007, High Street Central in 2012, Central Square in 2014 and it is one of Ayala Corporation's flagship projects. The mall offers a mix of high-end retail shops, restaurants, amenities, leisure and entertainment in the Philippines. Currently, the mall has four sections: the first and second blocks are an open-air shopping, the third block is a mixture of open-air and indoor commercial buildings dubbed as the “Bonifacio High Street Central” that also includes state-of-the-art cinemas, and the fourth block named Bonifacio High Street South or simply High Street South is a mixture of open-air and indoor commercial-residential buildings.

Filinvest Development Corporation is the publicly listed holding company for the various firms in the Filinvest group. It was established in 1955 in the Philippines by Andrew L. Gotianun Sr. and his wife, Mercedes Gotianun, as a used-car financing company. It has holdings in real estate development and leasing, the sales of housing units, and hotel and resort management, banking and financial services, sugar and power. It is based in Metro Manila, Philippines, and is owned by the Gotianun family.

<span class="mw-page-title-main">Circuit Makati</span> Place in Philippines

Circuit Makati is a riverfront redevelopment project by Ayala Land on the site of the former Santa Ana Race Track in Makati, Metro Manila, Philippines. The 21-hectare (52-acre) site located in the northwest portion of Makati, on the south bank of the Pasig River, is planned to contain a mixed-use entertainment complex which would include an indoor theater, a shopping mall, hotels and residential and office skyscrapers. It would also contain a football turf, skate park and an outdoor entertainment area. The development is envisioned to become the new entertainment district of Makati and the city's lifestyle hub.

<span class="mw-page-title-main">San Lazaro Tourism and Business Park</span> Place

San Lazaro Tourism and Business Park is the marketing name given to the 16-hectare (40-acre) multiple use site under development by the Manila Jockey Club Investments Corp. in Manila, Philippines. It takes its name from the old San Lazaro Hippodrome, a horse racetrack that stood on the site from 1912 to 2003. Currently, the site includes the SM City San Lazaro shopping center, the two-tower Vertex office complex, the three-tower Celadon Park and Celadon Residences, and the five-tower Avida Towers San Lazaro condominium complex. It has been declared a tourism economic zone with information technology component in 2009.

<span class="mw-page-title-main">Capitol Central</span> Place in Bacolod, Philippines

Capitol Central, previously called the Negros Occidental Provincial Capitol Complex, is a government complex and mixed-use estate centered around the Negros Occidental Provincial Capitol, currently co-managed with Ayala Land. Certain portions are leased or sold to Ayala Land, as part of their industrial estate in Bacolod, Philippines.

<span class="mw-page-title-main">South Road Properties</span> Central Business District in Central Visayas, Philippines

The South Road Properties (SRP), also known as the South Reclamation Project, is a 300 ha reclamation area in Cebu City, Philippines. The area, which is reclaimed from Mactan Channel, is located off the coast of the southern district of Cebu City, near Barangays Mambaling, Inayawan, and Pasil. It spans from the shore of mainland Cebu to Kawit Point. An island-type reclaimed area, it is connected with mainland Cebu by the Cebu South Coastal Road and the Mambaling Access Road. Through the Cebu–Cordova Link Expressway, the SRP is also connected by land to Cordova and the island of Mactan.

<span class="mw-page-title-main">Salcedo Park</span> Park in Makati, Philippines

Jaime C. Velasquez Park, commonly referred to as Salcedo Park, is a pocket park in Makati, Metro Manila, the Philippines. It is one of four pockets of greenery located in the central business district within Salcedo Village in barangay Bel-Air. The park is the site of a popular weekend market called the Salcedo Community Market. It is also the main venue of the bi-annual contemporary art fair called Art in the Park.

<span class="mw-page-title-main">Vertis North</span> Mixed-use development in Quezon City, Philippines

Vertis North is a mixed-used development in Quezon City, Metro Manila, Philippines. It is a joint venture project between Ayala Land Inc. (ALI) and the National Housing Authority (NHA). Similar to Makati Central Business District, it has a mix of developments such as residential developments similar to Legazpi and Salcedo Villages and open spaces such as Ayala Triangle Garden and Greenbelt Park.

<span class="mw-page-title-main">Ayala Malls Central Bloc</span> Shopping mall in the Philippines

Ayala Malls Central Bloc is a large shopping mall in Cebu IT Park developed by Cebu Holdings Incorporated, becoming the second Ayala Mall in Cebu City, Philippines in 25 years since the opening of Ayala Center Cebu and its fifth regional mall in Visayas and Mindanao. It has a gross leasable area (GLA) of 45,000 square meters. The mall opened on December 6, 2019.

<span class="mw-page-title-main">Parklinks</span> Place

Parklinks is a 35-hectare (86-acre) mixed-use development that straddles the Pasig–Quezon City boundaries in the Philippines. It is a joint project of LT Group and Ayala Land located on the banks of the Marikina River in the eastern part of Metro Manila. The riverfront development is the biggest along the segment of C-5 Road north of the Pasig River and is planned to contain a 3-hectare (7.4-acre) central urban park, an esplanade, river terrace, riparian gardens and bike trails designed to make it one of the greenest urban estates in the Manila metropolitan area.

<span class="mw-page-title-main">Bridgetowne</span> Real estate development in Manila, Philippines

Bridgetowne is a real estate development spanning the border of Pasig and Quezon City in Metro Manila, the Philippines. It is a mixed township and business park situated in a former industrial area on both banks of the Marikina River near the junction of Eulogio Rodriguez Jr. Avenue and Ortigas Avenue. The 30.61-hectare (75.6-acre) masterplanned community is the first integrated township project by Robinsons Land Corporation, the real estate arm of JG Summit. It is currently anchored by four office towers in its information technology park dedicated to the business process outsourcing sector, its second in Metro Manila after Robinsons Cybergate in Mandaluyong. Once completed, the township will be a community consisting of seven office towers, a shopping mall, five-star hotel and residential condominiums, with a landmark bridge and a light art installation called The Victor as its centerpiece.

References

  1. Q and A's Archived 2007-03-15 at the Wayback Machine
  2. News Item [usurped]
  3. 1 2 News Item [usurped]
  4. 1 2 Lara, Tanya T. (February 27, 2011). "Cebu Business Park: Cebu's premier district". The Philippine Star . Retrieved June 28, 2021.
  5. PhilippineCompanies. "Businesses in Cebu Business Park" . Retrieved 19 September 2015.
  6. Yap, A. G. (1 February 2013). "Ayala Land, CHI to pour in P1.6B to tower project". Cebu Daily News. Retrieved 19 September 2015.
  7. "1016 Residences: Cebu's luxury address". The Philippine Star. 27 February 2011. Retrieved 19 September 2015.
  8. Yap, A. G. (13 July 2012). "Ayala Land to pour P2 billion into condo project at Cebu Business Park". Cebu Daily News. Retrieved 19 September 2015.
  9. "Ayala Land launches Park Point Residences". The Freeman. 18 July 2012. Retrieved 19 September 2015.
  10. Mercurio, R. S. (21 August 2015). "The Alcoves raises the bar in upscale living in Cebu". The Philippine Star. Retrieved 19 September 2015.
  11. Yap, A. G. (14 October 2011). "New projects expected in Cebu Business Park, IT Park". Cebu Daily News. Retrieved 19 September 2015.
  12. Mercurio, R. S. (4 September 2015). "Alveo elevates stature as preferred developer in Cebu". The Philippine Star. Retrieved 19 September 2015.
  13. "Alveo Land brings expertise to Cebu". Manila Bulletin. 14 September 2015. Retrieved 19 September 2015.