Property developer Megaworld Corp. said it will develop some 16 hectares of central business district (CBD) in its property in Bulacan, which will be patterned after New York’s Fifth Avenue as it will have shops and tall buildings.
The company said it expects some P6 billion in sales for the development, which will be due for turnover in 2026.
The company said it will call the new CBD as Northwin Main Street, which will offer 145 prime shophouse and commercial lots lined up in streets surrounded with gardens and parks.
The said development forms part of Megaworld’s 85-hectare Northwin Global City in Marilao and Bocaue in Bulacan.
Shophouse 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 may be built up to three-storeys high for retail, food and beverage outlets such as cafes, restaurants and bars, boutique hotels and even outpatient clinics. The topmost floor of shophouses may be used for residential or office purposes.
Commercial buildings may be built up to five-storeys high exclusively for commercial purposes only such as office or boutique hotels.
“Since the township is just conveniently located along the North Luzon Expressway, and just 20 kilometers away from Metro Manila, this will be the nearest business district outside of the capital where companies and businesses can build their shops and offices,” said Noli D. Hernandez, the company’s executive vice president for sales and marketing.
“We also encourage entrepreneurs to become part of this global business district, which will soon be just 20 minutes away from the much-anticipated New Manila International Airport in Bulacan.”
The Northwin Main Street will be masterplanned for connectivity and mobility with promenades and walking parks to be integrated between blocks of the district, the company said.
Around 44 percent of the district will be allocated for green and open spaces. Leading to the district are main roads and avenues that will be as wide as 30 meters or eight lanes for both sides.
One of the main stations of the Manila-Clark Railway project will also be located inside the township, offering convenient accessibility to the future workers and residents of Northwin Global City.
Positioned as Bulacan’s global business district, the P98-billion township will also host residential condominiums, hotels, malls, mixed-use commercial buildings, educational institutions and office towers for business process outsourcing firms and corporate headquarters.
It will also feature green innovations and sustainable facilities such as storm water detention facility for flood prevention, fiber optic and underground cabling system for utilities, LED and solar-powered streetlights, sewage treatment plant, central material recovery facility for waste recycling, as well its own Intermodal Transport Terminal and biking network facilities.
Megaworld said its income in January to September grew 6 percent to P8.6 billion from last year’s P8.1 billion. The company said consolidated revenues for the period rose 10 percent to P36.9 billion from last year’s P33.4 billion.
For the quarter ending September, Megaworld said its income rose 46 percent to P3.3 billion from P2.2 billion last year.
Consolidated revenues during the quarter rose by half to P14.5 billion from last year’s P9.6 billion, the company said.
