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Cebu Landmasters signs Joint Venture for next big I.T. Park Project

October 17, 2016

Top businessmen with Cebu Landmasters to develop a mixed-use urban park and prime condo in IT Park

From left to right: Mr. Hector Almario, President, 12SIKA Holdings, Mr. Bob Gothong, President & CEO, Gothong Southern Properties, Mr. Joe Soberano III, President & CEO, Cebu Landmasters Inc., Mr. Ricarido King, President, Acrissor Development Corp. and Mr. Darren Deen, President, of RKD Holdings, Inc.

Rendering of the mixed-use urban park set to rise in Cebu I.T. Park

Mr. Jose Franco Soberano, COO of Cebu Landmasters, officially unveils the new mixed-use project set to rise in Cebu I.T. Park

The partners with Norman Garden of CallisonRTKL, the project’s architectural consultant, pose with the project rendering

THE largest remaining private property in the Cebu IT Park was recently acquired by a group of top Cebuano businessmen. This 1.17 hectare patch in the most valuable address in Cebu is set to be transformed into a mixed-use urban park. The project is a joint venture under El Camino Developers Cebu, Inc., an undertaking between Cebu Landmasters, Gothong Southern Properties, 12SIKA Holdings, Inc., Acrissor Development Corp., and RKD Property Holdings Inc. with Cebu Landmasters as the lead developer.

This mixed-used urban park concept will be highlighted by 3 main components – a high-rise Residential Condo, an Office Tower, and a Retail boulevard featuring a Central Park, and is slated to become one of the imposing landmarks in the city. Master-planned by Callison RTKL, the world’s top 3 architectural firm, and designed by Aidea, the Philippines top architectural practice, the project will deliver a proudly Cebuano-led project with world-class standards.

Having formally forged their partnership, Cebu Landmasters and the partner businessmen signed a joint-venture agreement in a press conference last October 17, 2016 at the Cebu City Marriott Hotel. The entire development was unveiled during the press conference and enabled the public to catch a glimpse of what is to come.
Phase 1 of the urban park will be the residential condominium featuring a singular high-rise tower that stands at 40 storeys, the highest in the park and boasts of unparalleled 360 views of the city. The tower will have high-end features and amenities but will be offered at upper mid-market price, which is targeted to pre-sell by the first month of 2017 – just in time for the January festivities.

The retail boulevard will host restaurants and food outlets to complement the lifestyle of the park, which will definitely be the next “go to” place of the area. The strip will also feature a mini Central Park with its own internal boulevard to maximize accessibility and walkability within the enclave.
Phase 2 will be the modern office tower which will be announced on a later date.