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IDC – Primavera City Mixed-Use Development – Philippines - Project Profile

  • Published Date: 14 Feb 2018
  • Number of Pages: 8
  • Category: Construction
  • Country: Philippines

Synopsis


"IDC Primavera City Mixed-Use Development Philippines - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "IDC Primavera City Mixed-Use Development Philippines - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


Italpinas Development Corporation (IDC) is undertaking the construction of a mixed-use complex in Cagayan de Oro City, the Philippines.

The project involves the construction of seven mixed-use buildings. The first six buildings involve the construction of residential, commercial, and office spaces and the seventh building involves the construction of a 34-story hotel. It will be implemented in four phases.

The first phase involves the construction of two, 11-story towers A and B together will consist of 281 residential units including studio, one-bedroom, and two-bedroom units, nine commercial units, eight restaurant units and 41 office spaces, respectively. It also includes the installation of semi-transparent photovoltaic panels on its rooftop and water recycling system, elevators and security equipment.

The second phase involves the construction of a shopping mall, commercial facilities, office facilities and residential complex.

The fourth phase is the high-rise hotel designed as a 34-story building.

It also includes the construction of a sky garden, a sky pool area, a gym, a playground, a function hall, a sauna room and other related facilities, the installation of solar panels, elevators, and safety and security systems.

The design works have been undertaken by the in-house division of IDC. First Orient Development and Construction Corporation (FODC) has been appointed as the construction contractor for the first phase.

On May 9, 2016, IDC secured US$7 million loan from state-owned Development Bank of the Philippines for the first phase.

On October 1, 2016, Groundbreaking ceremony held marking the start of construction works on the first phase.

In December 2016, Rider Levett Bucknall (RLB) appointed to provide project management and quality surveying.

On March 8, 2017, IDC launched the sales for the Tower B after sold all the space of Tower A of the first phase.

In December 2017, Topping off ceremony was held for Tower A.

In January 2018, Construction activities of Tower A has reached to the the 10th floor and is expected to top off soon.

As of February 2018, Tower A is 85% sold while Tower B is more than 40% sold.

Construction activities on the first phase are nearing completion and the works on the second phase is expected to commence by the end of 2018.

Scope


The project involves the construction of seven mixed-use residential and commercial buildings located at Block 20, Lot 1, Pueblo de Oro Business Park, Carmen, Cagayan de Oro City, the Philippines.

The US$50 million project includes the following:

1. Construction of two, 11-story towers comprising 281 units in the first phase

2. Construction of a 34-story hotel

3. Construction of a sky garden

4. Construction of a sky pool area

5. Construction of a gym and sauna room

6. Construction of a playground

7. Construction of a function hall

8. Construction of eight restaurants in the first phase

9. Construction of 41 office spaces

10. Installation of nine commercial units in the first phase

11. Installation of elevators

12. Installation of safety and security systems

13. Installation of semi-transparent photovoltaic panels

14. Installation of water recycling system

Reasons To Buy


Gain insight into the project.

Monitor the latest project developments.

Identify key project contacts.

Publisher Name : Timetric

1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix



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