Italpinas set to launch Primavera City in Q2 of 2016

Italpinas Development Corp. (IDC), builder of the imposing and one of the first green building in the city – the Primavera Residences in the uptown area of Cagayan de Oro City, is launching its newest groundbreaking project – the Primavera City which will be located also in the same area. PRIMAVERA CITY LOGO The grand launch is set in the second quarter and starting of construction of Phase 1 will be in the third quarter of this year. Target completion of the project and the turnover of its units to their owners is expected to be in the third quarter of 2018. Primavera City is a seven-building integrated multifunctional project, which offers residential units and commercial and office components. The project which will be located at the Pueblo de Oro Business Park is adjacent to SM City Cagayan de Oro and has an investment value of P653 million. “Primavera City is a fitting follow-up to our highly successful and multi-awarded Primavera Residences, which caught the fancy of not just Filipino, but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati said. The two towers of Primavera City Phase 1 will have 337 units: 57 of them commercial units, 231 are studio type, 22 are one-bedroom units and 27 are two-bedroom units, said IDC President Jose D. Leviste III. Average sizes of the units are 50 to 60 square meters (sq m) for commercial units, 28 sq m for studio-type units, 47 sq m for the single-bedroom units, and 70 sq m for the two-bedroom units. “We will conduct extensive marketing for our target buyers that include employed and/or self-employed individuals with gross family income of at least P50,000, such as local entrepreneurs, small- and medium-sized enterprises, overseas Filipino workers, young professionals and retirees, among others. With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time homeowners, but also for investors,” Leviste, a lawyer, said. Primavera City is envisioned to be another IDC award-winning sustainable-development project, with its passive green features, such as increased natural ventilation, shaded façade and semi-transparent photo-voltaic panels covering the amenities located on the rooftop, among others IDC Chairman Nati stressed. Green Building Features The Primavera City project has been recognized as highly commended condo by the Climate Technology Initiative Private Financing Advisory Network in Singapore in 2014. IFC Global Green Building Specialist Prashant Kapoor, IFC World Bank Legal Advisor and IFC Philippines head of Green Building Program Tess Lacerna and IFC Country Manager Jane Xu awarded the certificates to Primavera Residences Tower A and B as the “First Completed Condominium Project in East Asia Certified by EDGE.” EDGE is an innovation of the IFC-World Bank Group. It helps property developers build and brand their properties “green.” It is the highest and most desirable program in the international real-estate industry. EDGE is supported by a software that encourages solutions to reduce energy, water and energy consumption by at least 20 percent, which is the standard for EDGE certification. IDC, which started in Cagayan de Oro City with its first flagship project the Primavera Residence has notched a series of milestones and achievements. It recently had its successful listing at the Philippine Stock Exchange.

Italpinas Development Corporation will launch new “to go to” place this 2nd Quarter of 2016

Certified green builder Italpinas Development Corporation (IDC) has set for the second quarter of this year the launch of its new huge and groundbreaking project – Primavera City – in Cagayan de Oro City.
IDC Chairman and COO Romolo Valentino Nati, an Italian architect, said Phase 1 of Primavera City involves the construction of two towers of integrated multifunctional buildings (commercial, office, residential) project with 11 floors each. Located at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (near SM City Cagayan de Oro), the project entails an investment of P653 million.
IDC President Jose “Jojo” D. Leviste III said the two towers of Primavera City Phase 1 is designed to have 337 units, 57 of them commercial units; 231 are studio-type; 22 are one-bedroom units, and 27 are two-bedroom units. Their average sizes are 50 to 60 square meters (sqm) for commercial units, 28 sqm for studio-type units, 47 sqm for the single-bedroom units, and 70 sqm for the two-bedroom units.
“Primavera City is a fitting follow-up to our highly successful and multi-awarded Primavera Residences, which caught the fancy of not just Filipino but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati emphasized.
 
 
Nati said Primavera City is envisioned to be another IDC award-winning sustainable-development project, with its passive green features, such as increased natural ventilation, shaded façade and semi-transparent photo-voltaic panels covering the amenities located on the rooftop, among others. The project has been recognized as highly commended condo by the Climate Technology Initiative Private Financing Advisory Network (CTIPFAN) in Singapore in 2014.
IDC made its mark in the real estate industry as the first Philippine company certified by the International Finance Corp. (IFC) – World Bank Group Excellence in Design for Greater Efficiencies (EDGE) for its flagship project also in Cagayan de Oro City, the Primavera Residences.
The grand launch will be in the second quarter, and start of construction of the Primavera City Phase 1 is third quarter of 2016. IDC targets the completion of the project and the turnover of its units to their owners by the third quarter of 2018.
“We will conduct extensive marketing for our target buyers that include employed and/or self employed individuals with gross family income of at least P50,000 such as local entrepreneurs, SME’s, OFW’s, young professionals and retirees, among others. With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time home owners, but also for investors,” Leviste, a lawyer, stressed.
IFC Global Green Building Specialist Prashant Kapoor, IFC World Bank Legal Advisor and IFC Philippines head of Green Building Program Tess Lacerna, and IFC Country Manager Jane Xu awarded the certificates to Primavera Residences Tower A & B as the “First Completed Condominium Project in East Asia Certified by EDGE.”
EDGE is an innovation of the IFC – World Bank Group. It helps property developers build and brand their properties “green.” It is the highest and most desirable program in the international real estate industry. EDGE is supported by a software that encourages solutions to reduce energy, water and energy consumption by at least 20 percent, which is the standard for EDGE certification.
IDC has notched a series of milestones and achievements. It recently had its successful listing at the Philippine Stock Exchange.

Italpinas readies Q2 launch of Primavera project in CDO

MANILA, Philippines – Italpinas Development Corp. is ready to launch its Primavera City project in Cagayan de Oro City in the second quarter. IDC chairman and COO Romolo Valentino Nati, an Italian architect, said the first phase of the project involves the construction of two towers of integrated multifunctional buildings (commercial, office, residential) project with 11 floors each. The project with an investment cost of P653 million is located at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (near SM City Cagayan de Oro). “Primavera City is a fitting follow-up to our highly successful and multi-awarded Primavera Residences, which caught the fancy of not just Filipinos but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati said. The company will start construction of the project in the third quarter with completion targeted in the third quarter of 2018. IDC president Jose “Jojo” D. Leviste III said the two towers would have 337 units, 57 of which are commercial units while 231 are studio-type, 22 are one-bedroom units, and 27 are two-bedroom units. “We will conduct extensive marketing for our target buyers that include employed and/or self-employed individuals with gross family income of at least P50,000 such as local entrepreneurs, SME’s, OFW’s, young professionals and retirees, among others.  With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time home owners, but also for investors,” said Leviste, a lawyer. Nati said Primavera City is targeted to be another IDC award-winning sustainable-development project, with its passive green features, such as increased natural ventilation, shaded façade and semi-transparent photo-voltaic panels covering the amenities located on the rooftop, among others.