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Month: March 2016

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Architecture Construction Updates

Primavera City – The Next Groundbreaking Project for IDC

Italpinas Development Corporation (IDC) made headlines when they unveiled one of the most self-sufficient, eco-friendly mixed-use condominiums ever to grace the skylines in any of the Philippine cities, the Primavera Residences in Cagayan de Oro. Before this twin tower project was even completed, it already received numerous recognitions and awards from a variety of institutions and international award-giving bodies, including the Southeast Asia Property Awards (SEAPA) in Singapore and the International Property Awards in Kuala Lumpur.

Primavera Residences has also received a certificate of recognition as a finalist and one of the “Most Promising Clean Energy Investment Opportunities” during the Climate Technology Initiative Private Financing Advisory Network (CTI PFAN) in a Philippine Clean Energy Investment Forum in Manila. With its completion, Primavera Residences, aka the “Twin Towers,” proves to the international community that human ingenuity and perseverance can really make any dream a reality, including creating a state-of-the-art, energy-efficient commercial and residential building.

Italpinas’ Newest Project: Primavera City

Primavera City

Next on the docket for Italpinas Development Corp. is Primavera City. Still located in uptown CDO, at the Pueblo de Oro Business Park, where Primavera Residences is situated, Primavera City is a master-planned condominium project that is surely going to further the cause of IDC in promoting affordable, eco-friendly living. This is the latest project for Italpinas in Cagayan de Oro; a self-sustainable, mixed-use condominium development that has already received praise and recognition from the Climate Technology Initiative Private Financing Advisory Network (CTI PFAN). The CTI PFAN’s funding partners include the Asian Development Bank (ADB) and the US Agency for International Development (USAID).

Just like the previous project, Primavera City was recognized as one of the top 10 “most promising clean energy investment opportunities” in 2013, during a competition held in Singapore. Interestingly, this real estate project is the only design consisting of seven mixed-use commercial and residential developments that boasts of both passive and active green features, using huge PV solar panel arrays for each of the building’s rooftops, essentially topping over 100 other eco-friendly projects in all of Asia. We can expect the development project to be constructed in four different phases.

According to the Italpinas Development Corp. website, the grand launch of these mixed-use energy-efficient buildings is set in the second quarter of this year, with the construction of Phase 1 or the first two mid-rise buildings set to commence in the third quarter. While the remaining structures, including the high-rise, will follow later. The project will receive its funding through the initial public offering, or IPO, set by IDC and its partners.

In a recent interview, IDC Chairman and COO Romolo Valentino Nati, an Italian architect, stated that the first phase of the development project will consist of the construction of the first two buildings with a total of 11 floors each. These buildings will be integrated multifunctional structures that will house commercial, residential, and office spaces. The project requires an investment estimated at around PHP 653 million.

Architect Nati, who also played a major role in the design of IDC’s previous Primavera Residences project, further stated that, “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.” Indeed, this latest project is the next big step, not just for the real estate development company, but for the real estate industry as well.

Structural and Condominium Features

According to Italpinas Development Corp. the projected completion of the Primavera City project and the turnover of its units to their owners will be around the third quarter of 2018, if all goes well. IDC President Jose D. Leviste III confirmed in an interview that the first two towers of Primavera City Phase 1 are designed to house a total of 337 units. Of the 337 units, 57 will be commercial units, 22 are one-bedroom residential units, 27 are two-bedroom units, and 231 are studio-type residences. The average sizes of the units are 50 to 60 square meters for the commercial spaces, 47 for the one-bedroom, 70 sqm for the two-bedroom, and around 28 square meters for the studio type units.

According to Leviste, a lawyer and a graduate of the University of New South Whales in Australia, their target buyers include “employed and/or self-employed individuals with gross family income of at least PHP 50,000 such as local entrepreneurs, SMEs, OFWs, young professionals, and retirees, among others.” He further emphasized that, “With Cagayan de Oro now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time home buyers, but also for investors.”

Source: http://www.celebratecdo.com/

Categories
Insights

Zoom in: Condo living in Uptown CDO

One Sunday, me and my friend had nothing to do. Boredom was really killing us so we decided to take a joyride. And because we’re tired of the usual sites of Limketkai and Ayala, we entertained the thought of going to SM City, a mall in CDO that I rarely visit. It’s not that I do not like SM but it’s just too far from home. I could even count in my fingers the number of times I visit that mall in a year.

What a sight welcomed us in the Uptown. I was surprised by the developments that surround SM. It’s not that I am not aware of what’s going on in the city. I see pictures from time to time posted by my fellow bloggers and photo enthusiasts here in CDO. But the feeling was different when I saw Uptown that day that has rapidly escalated into a modern and classy community. Aside from high-end car showrooms and upscale subdivisions, I was bedazzled to see condominiums rising like mushrooms. There’s Primaverra and GranVia Suites. I know there are more coming as I see fenced lots with cranes and heavy equipment that are currently building more mid-rise real estate constructions that will again redefine Uptown CDO’s skyline.

The progressive trend of condo living in the uptown may be caused by several factors. First, CDO’s population has continuously increased as more people from other provinces and cities have chosen to live here either temporarily or for good. As the center of economy in Region X, businesses and investments are here that created jobs and opportunities. Kids are also being sent here for education as CDO has the best colleges and universities. Second, even Kagayanons have decided to transfer in the uptown as the downtown has been experiencing floods, especially when Typhoon Sendong devastated the city. Third, condo living may be more appealing today because of the ease of maintenance as compared to a high-maintenance home. For those who puts safety and security as their top priority, condominiums have security measures with CCTV cameras, 24/7 fire alarm system, and security guards. Some condo developers offer Personal Access Card Key (PACK) to  their residents that prevents unauthorized access to their units. And lastly, the location. These condominiums in the uptown are situated near SM City; schools like Xavier University Manressa Campus, XUHS, and Corpus Cristi; and chapels.

Condo living in Uptown CDO addresses the needs of modern Kagayanons. These vertical residential offerings provide residents convenience by having all the things they need within reach. And with the increasing number of crimes in Cagayan de Oro, these well guarded condos with all the necessary security checks installed ensure peace of mind to anybody who lives there. So, having these comparative analysis, I now have an answer why condo units in the uptown are selling like pan cakes.

Photos by Mike Sivintin

Source: http://tsadagyud.com/

Categories
Green Tips

Italpinas buys CDO lot for Primavera City project

GREENBUILDER Italpinas Development Corp. (IDC) said it has made a partial down payment of P1 million for a portion of land that it is buying for its Primavera City project in Cagayan de Oro City.

Primavera City is a seven-building mixed-use condominium development in Cagayan de Oro City that will offer residential units as well as some commercial and office components.

In a disclosure to the Philippine Stock Exchange on Friday, IDC also said it has paid a reservation fee of P100,000 for the piece of land, which is located at Block 20, Lot 1, Pueblo de Oro Business Park, Carmen, Cagayan de Oro City.

The company did not disclose the full purchase price of the parcel of land.

Earlier this month, IDC announced that it is set to break ground on the Primavera City development in the second quarter of the year.

It said construction of the building will be in various phases, and Phase 1 will involve construction of two towers with 11 floors each.

The two towers of Phase 1 will have 337 units, of which 57 will be commercial units, 231 will be studio bedroom units, and 27 will be two studio-bedroom units.

Last November, IDC vice president for banking and business development Harold Dacumos said that the development cost for Phase 1 is estimated at P670 million
Primavera City is IDC’s follow-up to its flagship Primavera Residences project, which is also in Cagayan De Oro. The said project was given recognition by the International Finance Corp. after it received the World Bank Group’s Excellence in Design for Greater Efficiencies (Edge) certification.

Categories
Construction Updates News & Events Uptown

Italpinas sets Primavera City launch in Cagayan de Oro City in Q2

CERTIFIED green builder Italpinas Development Corp. (IDC) has set for this year’s second quarter the launch of its new huge and groundbreaking project—Primavera City—in Cagayan de Oro City.

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.

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.

“Primavera City is a fitting follow-up to our highly successful and multiawarded 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 grand launch will be in the second quarter, and start of construction of the Primavera City Phase 1 is during the 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.

IDC President Jose D. Leviste III 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.

Their average sizes 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 workerss, 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.

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 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 has notched a series of milestones and achievements. It recently had its successful listing at the Philippine Stock Exchange.

Source: Business Mirror

Categories
Architecture

Invest in a condo, benefit from solar-power technology via IDC’s project

Certified green builder Italpinas Development Corp. (IDC) will shortly launch a new condominium development, where buyers will not only own a topnotch home, but also enjoy the benefits of an innovative solar-power system.

IDC’s Primavera City in Cagayan de Oro City is designed with an onsite solar-power plant component that should produce around 1.4 megawatts of power.

IDC President Jose D. Leviste III said that by investing in an economically sized solar-power system, the residents of Primavera City will enjoy a lowered cost of living, as the system contributes solar power to the building’s various functions.

The building’s lessened dependence on expensive power from the grid makes it an innovation not just in aesthetics and design, but also in the economics of condominium living, he noted.

IDC Chairman and COO Romolo Valentino Nati, an Italian architect, said Primavera City’s solar plant component is consistent with the company’s thrust of building only sustainable and ecologically sound condominium buildings.

“The company’s unique marketing proposition is to offer distinctive energy-efficient, passive and active eco-friendly green-building concept with beautiful contemporary Italian-Filipino design, while continuously improving the quality and accessibility of its residential and commercial properties to satisfy the housing and business needs of the expanding Philippine population, and the desire of overseas Filipino workers, balikbayan and expats to secure properties in new emerging cities in the country, as well as the increasing sophistication of the market and its demand for style and comfort,” Nati emphasized.

Primavera City’s value proposition, he added, revolves around the unique integration of renewable energy with real-estate development. “Once the capacity to implement the solar PV system for condominiums is refined, the power generated from solar energy may spin off to another business ventures, which target other residential, office and commercial buildings.”

The publicly listed IDC made its mark in the real-estate industry as the first Philippine company certified by the International Finance Corp. (IFC)-World Bank Group’s  “Excellence in Design for Greater Efficiencies” (EDGE) program for its flagship project also in Cagayan de Oro City, the Primavera Residences.

It recently announced that the launch of Phase 1 of Primavera City has been set in the second quarter of the year. It involves the construction of two towers of integrated multifunctional buildings (commercial, office and 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), Phase 1 of the project entails an investment of about P653 million for two towers. When fully complete, Primavera City is planned to consist of seven green buildings, including a high-rise tower.

The two towers of Primavera City Phase 1 are 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; and around 100 parking slots. Their average sizes are 50 to 60 square meters 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.

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 accreditation body of the IFC-World Bank Group. It helps property developers build and meaningfully brand their properties as “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.

 

Source: http://www.businessmirror.com.ph/

Categories
Architecture

Italpinas sets ‘Primavera City’ launch in 2Q 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 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.

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.

“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.

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.

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.

“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.

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.

 

Source: http://mindanaogoldstardaily.com/

Categories
Insights Lifestyle

Thoughts on Living Independently in Primavera City

Once upon a time, there was a silly 15 year-old high school girl who did not write “living independently” first in her list of priorities. All she thought about when asked what she wanted in the future was to buy clothes without looking at price tags and well…getting a car. It didn’t came to her mind that investing on a house or a condo is more important than shopping ‘till she drops and driving around town in a shiny red car.

Uh-huh. Yes, you guessed it. That silly girl was me.

Growing up, I relied on the fact that my parents will let me live with them as long as I want to. Even though that’s true (because they’re my parents after all), as time passed by, I realized that it would be too much. It’s part of the Filipino culture to have a closely knit family, but that doesn’t mean living with them under one roof until you’ll have a family of your own too. I realized that sooner or later I have to get my own place and start to live independently. The bird has got to leave the nest haha!

Now, I have set my mind on investing on my own place. Since I’m starting young, getting a condo for me and eventually for my future family is the dream. For me, there’s nothing quite like living in a condo with a breathtaking view that I’ll see outside my window everyday. Every night, I’ll be surrounded with twinkling city lights. I can relax and take a dip in the pool whenever I want to. Going to the gym to sweat out won’t be too difficult because it’s located in the same building where I live. It’s basically like doing a staycation in your own hotel everyday.

There are a lot of visually appealing condos with several high-end amenities in the city, but Italpinas Development Corporation’s (IDC) Primavera Residences has got to be my favorite one yet.

image

For one, it has a modern Italian design infused with eco-friendly architecture. Since I’m pretty much in love with anything Italian (the food, the culture, the places, the language, and the design), I guess you can say that I was instantly smitten by this condo.

Aside from its design, it’s also the first eco-friendly condominium complex in Cagayan de Oro. Its green features include increased natural ventilation, shaded facade, and a semi-transparent photovoltaic panel which covers the amenities located on the rooftop, among others. Since Philippines is an oh-so warm country, living in a condo that invites natural ventilation guarantees a cooler environment. You can save up energy by reducing the use of airconditioners and electric fans.

image

Recently, IDC has set the launch of its new huge and groundbreaking project – Primavera City in Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro during the second quarter of this year. The Phase 1 of Primavera City comprises the construction of two towers, both with integrated multi-functional buildings with 11 floors each. Cagayan de Oro’s uptown living and development is really starting to skyrocket! Literally and figuratively 🙂

The construction will start during the third quarter of this year. Its two towers is designed to have 337 units. Fifty-seven of them are commercial with an average size of 50 to 60 sqm; 231 are studio-type (28 sqm); 22 are one-bedroom (47 sqm); and 27 are two-bedroom units (70 sqm). I think I’m fine with a studio-type or a one-bedroom unit. Ahh I can’t help but think about how I’ll decorate the place! I’ll finally be able to achieve my design pegs that I’ve posted under Weekly Favorites 🙂

IDC targets the completion of the project and the turnover of its units to their owners by the third quarter of 2018, which I hope is the right time for me to buy a unit for myself.

As much as I would love to revel in the moment of being in my early 20′s with travels and #squadgoals in mind, I also have to begin thinking about plans that will benefit me in the long run. I think investing on a place to call my own in an eco-friendly and stylishly designed (with a modern Italian flair! *heart eyes*) condominium complex is a wise step to living the dream!

You might want to do the same too! You can contact Italpinas Development Corporation through their website: http://www.italpinas.com/

Source: http://thwanderingdreamer.tumblr.com/post/140657784487

Categories
Construction Updates

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.

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.

Categories
Green Tips

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.
Categories
Uptown

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.