CebuDaily Construction Updates (August 15, 2008)

Before the Cebu Bloggers Meet yesterday afternoon, I took some shots of some of the buildings currently being constructed at the Asiatown IT Park. Here they are:

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Cebu Holdings Inc to build new condo at Cebu Business Park

CEBU’S economy is enjoying a boom cycle as a result of the continuing upsurge of the tourism and IT (information technology) industries.

Real estate has especially benefited from this trend with the need for commercial lots, office spaces, new shopping and lifestyle concepts, and other related industries.

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Cebu Condominium developer remains confident about project’s completion

MORE than 60 percent of the bedroom units at Citylights Gardens Condominium Tower 3 and 4 in Nivel Hills, Apas in Cebu City are already bought by a “good mix” of buyers.

Citylights Gardens Cebu | photo by junbgood (Flickr)

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Cebu North coastal road may cost P2.3B

THE proposed construction of the Cebu North Coastal Road will cost the national government around P2.3 billion. The road project is a 9.45 kilometer highway running through the coastal areas of Mandaue City, Consolacion and Lilo-an.

The proposed road section will link the new Mandaue City central business district and government center and the new Northern Metro Cebu urban development area. The latter encompasses the Mactan International Airport, the Mactan Export Processing Zone and the Mandaue reclamation.

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Cebu City Hall landscaping stopped

CEBU CITY, Philippines – Part of Magallanes Street in Cebu City fronting the City Hall will stay closed until June due to delays in the completion of landscaping works for City Hall.

Vice Mayor Michael Rama said the P5 million that the Philippine Tourism Authority (PTA) released for the landscaping project has run out. The city government is awaiting the release of another P6 million, since the PTA promised a total of P11 million for the project.

Cebu City Hall | photo by vench_y (Flickr)

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Staff from Cebu Trans-Axial study may be rehired

CEBU CITY, Philippines - The Provincial Board on Monday asked Governor Gwendolyn Garcia to retain the services of “key personnel” whom the provincial government hired to conduct a feasibility study on the proposed Trans-Axial Highway project.

Vice Governor Gregorio Sanchez Jr. said the services of these “experts,” whose contracts expired on Monday, were still needed in bidding out the project to investors.

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Cebu Trans-axial project report now with Eco Enterprise Council

Consultants of the Cebu Trans-Axial Development Project study yesterday turned over their report and the equipment used in the study to the Economic Enterprise Council chaired by Governor Gwendolyn Garcia.

The council also passed a resolution recommending the use of the equipment utilized in the conceptualization of the project.

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Residential units to rise in Cebu City

THE Romoff family of clothing designers has ventured into their first residential real estate offering, promising “more than strategic real estate planning.”

Viranclava Realty, owned and managed by the Romoffs who are among Cebu’s families known for their fashion business, developed Palazzo Uno, a nine-story condominium with 34 private residences on Escario St. and Gorordo Ave., Cebu City.

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City accepts Filinvest’s plan

AN official of the Cebu Investments and Promotions Center (CIPC) has announced that the Cebu City Government has accepted the proposal of the Filinvest Group to build a commercial complex in the South Road Properties (SRP).

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American firm interested in Cebu trans-axial highway dev’t project

An American-based company has expressed interest to undertake the P45-billion Cebu Trans-axial Development Project of the Cebu provincial government.

Quantum International, through its president Al Johnson, recently said that their company is “very keen on the wind power development” and wants to put up wind farms in three strategic areas along the proposed highway.

Cloverleaf Highway | photo by jaecn (Flickr)

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Development of Cebu’s SRP

CEBU CITY—The Cebu City government is hoping to settle development plans with interested locators at the 240-hectare reclaimed South Road Properties (SRP) in the next three months, City Mayor Tomas Osmeña said.

The mayor said development plans are being shuffled back and forth between interested developers and the city, which he admitted is being “choosy” in the development it wants on the property.

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