Vertis North

Last updated
Vertis North
Project
StatusCompleted (Phase 1)
Developer Ayala Land
Website www.vertisnorth.ph
Location
CountryPhilippines
Location Diliman, Quezon City, Metro Manila, Philippines [1]
Area
 • Total29 ha (72 acres)

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.

Contents

History

On August 27, 2009, Ayala Land Inc. (ALI) signed a joint venture agreement with the National Housing Authority to develop a 29.1-hectare (72-acre) property as a “priming project of the government and the private sector.” The total project cost is estimated at ₱22 billion, which includes future development costs and the current value of the property. ALI and NHA will contribute their respective equity share in the joint venture. [2] The NHA is responsible for relocating settlers living in the area. [3]

On July 5, 2012, Ayala Land Inc. (ALI) announced the development of Vertis North. The company initially invested ₱12 billion for the three-year development of Phase 1 of Vertis North. Phase 1 includes a Kukun Hotel, office buildings for business process outsourcing companies, and Bonifacio High Street-type retail areas in a 7-hectare area. [4]

In October 2015, Bloomberry Resorts Corporation purchased a 15.7-hectare (39-acre) property from the National Housing Authority (NHA) for ₱1.98 billion. [5] It would be developed into a casino called Solaire Resort North, a hotel tower expected to open in May 2024 with up to 550 rooms and a gaming area with up to 200 gaming tables and as many as 3,000 slot machines. [6] [7]

The first phase of the project which includes the Ayala Malls Vertis North shopping mall, the Seda Vertis North hotel, and residential projects was launched in 2017. [3]

Features

Buildings in Vertis North as viewed from Agham Road. Agham Road, North Triangle (Quezon City; 03-13-2021) wiki.jpg
Buildings in Vertis North as viewed from Agham Road.
Solaire Resort North Solaire Resort North 2024-05-31.jpg
Solaire Resort North

Vertis North covers an area of 29 hectares (72 acres) [8] and is bounded by the Epifanio De los Santos Avenue in the west, the North Avenue in the north, Senator Miriam P. Defensor-Santiago Avenue (formerly Agham Road) in the east, and Quezon Avenue in the south. [1] More than half of Vertis North's area is allocated for office use. [9]

The Ayala Malls Vertis North shopping mall is within the area's premise. The 24-storey Seda Vertis North hotel, among the largest in northern Metro Manila with 438 rooms, is also situated in Vertis North. [10] Above the Vertis North mall is the multi-tower Vertis North Corporate Center, where several BPO companies operate. [9]

Residential developments in Vertis North include Avida Vita, Avida Sola, Alveo's High Park, and Alveo's Orean Place. [3]

Vertis North Rain Garden, which upon its completion will sit on 2 hectares (4.9 acres), is partially operational and open to the public since March 2021.

One Vertis Plaza, a 43-storey office building, was topped off in 2023. [10] Meanwhile, Solaire Resort North, a 33-storey integrated hotel and resort-casino, [11] opened on May 25, 2024, as the first five-star integrated resort in Quezon City. [12]

Ownership

The ownership of the project is split 72% for Ayala Land Inc. (ALI) and 28% for National Housing Authority (NHA). The land in North Triangle was owned by the NHA, while the development of Vertis North is a PPP (public-private partnership).

See also

Related Research Articles

<span class="mw-page-title-main">Araneta City</span> Central Business District in Quezon City, Metro Manila, Philippines.

Araneta City, formerly and still commonly known as Araneta Center, is a 35-hectare (86-acre) transit oriented, commercial mixed-use urban development in Quezon City, Philippines. Situated in Barangay Socorro in Cubao, and at the intersection of two major roads, Epifanio de los Santos Avenue (EDSA) and Aurora Boulevard, the area offers retail, dining, entertainment, residential, office, lodging and parking facilities throughout the complex and hosts over 1 million people daily, due to its close proximity to transport terminals, including the railway stations of the MRT Line 3 and the LRT Line 2.

<span class="mw-page-title-main">Trinoma</span> Shopping mall in Quezon City, Philippines

Ayala Malls Trinoma is a large shopping mall in Quezon City, Philippines, owned by property development firm Ayala Land. Opened on May 16, 2007, the mall is located on the east side of Epifanio de los Santos Avenue in Quezon City, giving significant market competition to the nearby SM North EDSA as one of the largest malls in Metro Manila. It is also one of two malls that will be serving Ayala Land's Vertis North township, which is located beside the mall, along with a new lifestyle block mall Ayala Malls Vertis North, similar to Greenbelt in Makati, which was also developed by Ayala Malls.

<span class="mw-page-title-main">Bay City, Metro Manila</span> Central Business District in Metro Manila, Philippines.

Bay City, also known as the Manila Bay Freeport Zone and Manila Bay Area, is the name for the reclamation area on Manila Bay located west of Roxas Boulevard and the Manila–Cavite Expressway in Metro Manila, the Philippines. The area is split between the cities of Manila and Pasay on the north side and Parañaque on the south.

<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">Triangle Park (Quezon City)</span> Central Business District in Quezon City, Metro Manila,Philippines

Triangle Park, also known as the Quezon City Central Business District, is a 250 ha central business district in Quezon City, Philippines. It is organized around five districts namely: Commons, Downtown Hub, Emporium, Residences at Veterans and Triangle Exchange.

<span class="mw-page-title-main">Entertainment City</span> Gaming and entertainment complex

Entertainment City, also known as E-City, is a gaming and entertainment complex under development by PAGCOR spanning an area of 8 km2 (3.1 sq mi) in Bay City, Metro Manila. It was first envisioned by PAGCOR in 2002. Alongside the Aseana City business development, it lies at the western side of Roxas Boulevard and south of SM Central Business Park, part of Parañaque.

<span class="mw-page-title-main">Ayala Malls Centrio</span> Shopping mall in Misamis Oriental, Philippines

Ayala Malls Centrio is an integrated mixed-use complex composed of a shopping mall, a hotel, a BPO/office building and a condominium tower located along Capt. Vicente Roa St. and Corrales Ave., cor. Claro M. Recto Avenue, Cagayan de Oro, Philippines.

<span class="mw-page-title-main">Solaire Resort & Casino</span> Resort in Parañaque

Solaire Resort & Casino is a resort and casino in Entertainment City, a complex built along the Bay City area of Parañaque, in Metro Manila, Philippines.

<span class="mw-page-title-main">Tourism in Metro Manila</span>

In Metro Manila, Philippines, tourism is a significant industry. In 2012, the city and the region welcomed 974,379 overnight visitors. Serving as the main gateway to the Philippines' numerous destinations, the city attracts mainly international tourists, with a total of 3,139,756 visitors in 2012. Global Blue ranks Manila as the eleventh 'Best Shopping Destination' in Asia. The city holds the tenth position in MasterCard's global top 20 fastest-growing cities for international visitors from 2009 to 2013.

<span class="mw-page-title-main">North Avenue (Quezon City)</span> Avenue in Metro Manila, Philippines

North Avenue is a major road located in Quezon City within the Diliman area of northeastern Metro Manila, Philippines. It runs east–west through barangays Bagong Pag-asa, Project 6, and Vasra, forming the northern part of the North Triangle area. The street is located in Quezon City's mixed-use and government area, known for its malls, condominiums, hotels, and the upcoming QC CBD. It is also home to SM North EDSA, Trinoma, and Ayala Malls Vertis North located on the avenue's junction with Epifanio de los Santos Avenue (EDSA). The entire avenue is designated as National Route 173 (N173) of the Philippine highway network.

<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">Ayala Malls Vertis North</span> Shopping mall in Quezon City, Philippines

Ayala Malls Vertis North is a shopping mall in Vertis North Complex, Quezon City, Philippines developed and managed by Ayala Malls. It is the second mall in the Vertis North township complex built by Ayala Malls inside Triangle Park; the first being Trinoma that was opened in 2007. The mall opened on June 9, 2017, after several unknown delays.

<span class="mw-page-title-main">Balingasa</span> Barangay in Quezon City, Metro Manila, Philippines

Balingasa, commonly known as Balintawak and Cloverleaf, is an administrative division in eastern Metro Manila, the Philippines. It is an urban barangay located in Quezon City, at the city's western boundary with Caloocan.

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

Ayala Malls Legazpi is a shopping mall developed and managed by Ayala Malls in partnership with Bicol-based retail group LCC Group of Companies. It is located along Quezon Avenue in Barangay Capantawan, Legazpi City, Albay. It is the first Ayala Mall in the Bicol Region. Ayala Malls Legazpi opened on April 19, 2016 and has a gross leasable area of 32,000 m2 (340,000 sq ft)

<span class="mw-page-title-main">Ayala Malls Cloverleaf</span> Shopping mall in Metro Manila, Philippines

Ayala Malls Cloverleaf is a shopping mall developed and managed by Ayala Malls, inside the Cloverleaf Estate in Quezon City.

Bloomberry Resorts Corp. is a holding company in the Philippines registered with the Securities and Exchange Commission engaged in amusement, tourist facilities, gaming, and hotel businesses. It was incorporated on May 3, 1999 and led by Enrique Razon.

<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">Seda Vertis North</span> Building in Quezon City, Philippines

Seda Vertis North is a hotel in Quezon City, Metro Manila, Philippines.

Seda is a Philippine brand of hotels owned and operated by Ayala Land Hotels and Resorts, a subsidiary of Ayala Corporation. The first hotel under the Seda brand began operations in 2012 with the opening of Seda BGC at the Bonifacio Global City in Taguig, Metro Manila, Philippines. The hotel chain has 11 branches as of 2020, all located in the Philippines.

References

  1. 1 2 "Location". Vertis North. Retrieved October 7, 2020.
  2. ↑ Arcibal, Cheryl M. (August 28, 2009). "ALI to develop a central business district in QC". GMA News Online. Retrieved March 28, 2023.
  3. 1 2 3 Ballesteros, Angelica (June 27, 2017). "Ayala Land ramps up Vertis North development". Manila Times. Retrieved October 7, 2020.
  4. ↑ Garcia, Cathy Rose A. (July 5, 2012). "Ayala to spend P65B to develop QC business district". ABS-CBN News. Retrieved March 28, 2023.
  5. ↑ Dumlao-Abadilla, Doris (2015-10-10). "Bloomberry buys property in Ayala's Vertis project". INQUIRER.net. Retrieved 2023-03-15.
  6. ↑ Burgos, Jonathan. "Billionaire Enrique Razon's Bloomberry To Open New $1 Billion Casino As Earnings Rebound". Forbes. Retrieved 2023-03-15.
  7. ↑ AGBrief Editorial (March 4, 2024). "Bloomberry's Solaire North to open in late May: Chairman". Asian Gaming Brief. Retrieved April 25, 2024.
  8. ↑ Reyes, Rizal Raoul (July 14, 2017). "Vertis North transforming Quezon City into a premier business hub". BusinessMirror. Retrieved October 7, 2020.
  9. 1 2 Reyes, Rizal Raoul (August 21, 2019). "One Vertis Plaza: The business center in the North". BusinessMirror. Retrieved October 7, 2020.
  10. 1 2 Villafuerte, Din (October 26, 2019). "ALP creates premium office space". Philippine Daily Inquirer. Retrieved October 7, 2020.
  11. ↑ Almazan, Faye (April 16, 2021). "Bloomberry eyes Solaire North completion by 2023". The Manila Times. Retrieved June 9, 2021.
  12. ↑ Dingding, Yummie (May 25, 2024). "Solaire Resort North ribbon-cutting with PBBM". Daily Tribune . Retrieved May 25, 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.