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| Avida Towers |
AVIDA Land, a fully-owned subsidiary of Ayala Land Inc., is earmarking around P800 million to P1 billion for its first-ever high-rise condominium project in Davao City for middle-class families. Avila Land head of VisMin Project and Strategic Management Group Pol Tanco, during the launch of its first tower on Saturday at the Royal Mandaya Hotel, said their condominium development project is composed of two towers and will be built along C.M. Recto St.
The project, called Avida Towers Davao, will bring a new concept of condo living among the people of Davao City, just like in Metro Manila. The first tower will have 23 floors and will house a total of 431 residential units. The second tower, meanwhile, will be a much taller infrastructure with a total of 28 floors and 621 units. Tanco said both state-of-the art towers will feature three unit classifications such as studio type units with 22 to 25 square meters (sqms), one-bedroom units with 37 to 42 sqms, and two-bedroom units with 58 sqms. He added that the first tower will have four levels set aside for the parking space with a capacity of 170 parking units. The target completion date for the first tower will be in 2015, since the period of construction will last about three years.
Source: SUN Star Davao 08.15.2012
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