Real estate developer Megaworld Corp. said he would develop some 16 acres of central business district (CBD) at his Bulacan property, which will be modeled after New York’s Fifth Avenue as it will feature shops and high-rise buildings.
The company said it expects revenue of some 6 billion pesos for the development, which is expected to represent revenue in 2026.
The company said it will call the new CBD Northwin Main Street, which will offer 145 top-notch stores and commercial land lined up in streets surrounded by gardens and parks.
Said development is part of the 85 hectares of Northwin Global City from Megaworld to Marilao and Bocaue to Bulacan.
Store lot sizes range from 250 square meters to 550 square meters, while commercial lot sizes range from 450 square meters to 750 square meters.
With designs inspired by French architecture, shophouses can be built up to three stories high for retail, food and beverage stores such as cafes, restaurants and bars, boutique hotels and even outpatient clinics. The top floor of the shophouses can be used for residential or office purposes.
Commercial buildings can be built up to five floors exclusively for commercial purposes only, such as office or boutique hotels.
âSince the township is conveniently located along the North Luzon Highway and only 20 kilometers from Metro Manila, this will be the closest business district outside of the capital where businesses and businesses can build their stores. and offices, âsaid Noli D. Hernandez, executive vice president of sales and marketing for the company.
âWe are also encouraging entrepreneurs to be a part of this global business district, which will soon be just 20 minutes from the highly anticipated New Manila International Airport in Bulacan. “
Northwin Main Street will be planned for connectivity and mobility with boardwalks and walking parks to integrate between blocks in the neighborhood, the company said.
About 44% of the neighborhood will be allocated to green and open spaces. Main roads and avenues leading into the neighborhood will be as wide as 30 meters or eight lanes on both sides.
One of the main stations of the Manila-Clark railway project will also be located within the township, providing convenient access to future workers and residents of Northwin Global City.
Positioned as Bulacan’s global business district, the 98 billion peso township will also host residential condominiums, hotels, shopping malls, mixed-use commercial buildings, educational institutions and office towers for businesses. of business process outsourcing and head offices.
It will also include green innovations and sustainable facilities such as a stormwater retention center for flood prevention, fiber optic and underground cabling system for utilities, LED and solar powered street lights, a wastewater treatment plant, a central material recovery facility for waste recycling, as well as its own intermodal transport terminal and cycling network facilities.
Megaworld said its revenue from January to September rose 6 percent to 8.6 billion pesos from 8.1 billion pesos last year. The company said consolidated revenue for the period rose 10 percent to 36.9 billion pesos from last year’s 33.4 billion pesos.
For the quarter ending September, Megaworld said its revenue rose 46% to 3.3 billion pesos from 2.2 billion pesos last year.
Consolidated revenue in the quarter increased by half to 14.5 billion pesos from last year’s 9.6 billion pesos, the company said.