Eton Properties Philippines Corp. and Ayala Land, Inc. (ALI) are sinking an initial P53 billion to develop the 35-hectare Parklinks estate.
The 50:50 company, Eton Property Development Corp.-ALI, envisions the project to be their “greenest urban estate,” which is ALI’s 25th estate and the third for Eton.
Ma. Carmela Ignacio, ALI assistant vice president for strategic land bank management, said the amount covers the development of the project for the first 10 years.The whole property will be developed in two phases.
The group said the property will be master planned to maximize access to parks and open spaces, which would be just a five-minute walk for residents, office workers and the public from the mall, office and living spaces through a well-designed and managed walkway system.
“With 50 percent of the 35 hectares devoted to open spaces, Parklinks will provide what is sorely missing along the busy C5 (Circumferential road 5) corridor – an abundance of open space,” said Meean Dy, ALI strategic land bank management group head.
The mixed-use development will be anchored by a 58,000-square meter gross leasable area regional mall that will be situated along the estate’s C5 frontage.
“The mall is set to perfectly balance nature with its retail, dining and entertainment offerings,” the group said.
“On top of the mall is a 3,500 sqm sports complex that will house a basketball court, volleyball court, badminton courts, fitness gym and dance studio to support and inspire an active lifestyle,” it added.
The residential and business hub in the area will also introduce “a new standard for waterfront living” with ALI’s flagship residential brands.
“Set to introduce 5 residential towers, Ayala Land Premier is expected to be the first luxury residential development along the C5 corridor. Alveo will likewise introduce 5 residential towers during its initial phase,” the group said.
Ayala Land Premier will put up a total of 1,700 units, while Alveo will deliver 3,700 units, in the next 10 years.
The group also said the plan includes a three-hectare central park located at the heart of the business district.
“The esplanade, river park terraces, running & bike trails and riparian gardens designed to accentuate the riverside are intended to highlight the natural topography of the land, and will encourage the community to engage and appreciate the river system surrounding the development,” it said.
“Another first, a 110-meter long and 25-meter wide iconic bridge is designed to link Quezon City and Pasig over the Marikina river. This will create a new route that will help ease vehicular traffic in the northeast and east of Metro Manila. The bridge will have dedicated lanes for bikers and pedestrians, allowing a safe and convenient commute within and around the development,” it added.
Parklinks will be accessible via C5, Amang Rodriguez avenue and Ortigas avenue. Plans also include additional linkages to the estate’s neighboring communities like Circulo Verde and Metropoli.
“Parklinks, an exemplary urban design expression, is a living testament to Eton LT Group and ALI’s shared vision and commitment in providing sustainable excellent communities in urban centers to its valuable customers.” said Jess Lucas, Eton chief operating officer.