The country’s biggest ‘tiangge’, Greenhills Shopping Center, that carries the widest variety of great finds is currently undergoing a major face-lift, with multi-phase redevelopment.
The ultimate benchmark for value shopping will soon be a large retail-based center mixed with residential, office, and hotel spaces, costing some P60 billion.
“Condominium-living is becoming more acceptable, and this is fuelling a housing boom, as well as a change in lifestyle where people want to live, work and play in the same mixed-use township. We want to take advantage of this trend: this drives our growing portfolio,” Jaime E. Ysmael, President and Chief Executive Officer (CEO) of Ortigas & Co. said in a press briefing.
Thomas Mirasol, Senior Vice President and Chief Operating Officer of Ortigas & Co., said the Greenhills redevelopment will be beefed up with the construction of a new mall.
Photo credit: The Manila Standard
The project will have another bazaar, in addition to the existing one. A department store will also be constructed to augment Greenhills’ retail strengths, along with a new boulevard and cinemas.
“We are looking to add more office buildings and residential towers for the redevelopment’s upcoming phases,” the Manila Standard quoted Mirasol as saying.
Meanwhile, on the heels of this redevelopment plan will be the launching of a new residential tower which will be named the Connor. The Connor should fit well with the bucolic, suburban bustle at the corner of Club Filipino avenue and Eisenhower street.
The 55-storey tower is envisioned to have a fresh take on the iconic estate, which is now being transformed into a complete shop-work-play-live destination.
Mirasol said Connor is projected to break ground in the last quarter of 2017. “We are tapping into the market of second generation Greenhills residents and other Metro Manila residents who are looking for an investment or a home that is centrally located within the city as well as situated in a mixed-use setting,” he said in a media interview.
