Primavera Residences

Cagayan de Oro will soon host another coming out party when its first-ever high-rise condominium building complex goes up late this year at the Pueblo de Oro Township, adding another landmark to an increasingly impressive skyline.

Volt Flores, Pueblo de Oro Development Corp. (PODC) Product Manager said the condominium has been dubbed the Twin Eco Towers and will be situated just across the present Concentrix building in the Pueblo de Oro Business Park.

“Twin Eco Towers is conceived to be a 10-storey, 12,000 square meter mix residential and commercial space, which will also be the first green building complex in Mindanao designed with eco-friendly, sustainable features such as solar power panels, optimized power usage, and maximized natural lighting and ventilation,” he added.

Euroasian Design & Eco-Development Corporation (Italpinas) and PODC signed the final agreement for Italpinas’ acquisition of the 1,125 square meter (sq.m.) property on March 10, 2009 at the PODC Corporate Headquarters in Makati City. Investment and Capital Corporation of the Philippines acted as arranger for the deal.

Flores, who also handles product development for PODC, said the Italian architectural firm ITAproject, an internationally awarded Italian company with an established a track record in “green” architecture and design would design the Twin Eco Towers.

“The first floor is conceived to have about 750 sq.m. of commercial space, while the second floor would be let out as offices. About 100 units of one-bedroom, two-bedroom and studio type residential condominium units will be located from the 3rd to the 10th,” Flores said. Project cost has been initially pegged at P200 Million.

Italpinas CEO Romolo Nati said that the final conceptual design will be ready by May and construction is expected to begin in the fourth quarter of 2009.

In addition to the Twin Eco Towers, PODC plans to start construction on a two story commercial building at Regatta Square by the last quarter of this year.Flores said the planned edifice would have commercial spaces to let in the ground floor and mixed-use spaces suitable for medical/dental clinics, spas, and stores in the second floor.

Also on the drawing board is a third PODC building along Masterson Avenue that is expected to rise by the end of the year. __________________