[nextpage title=”SM Seaside City Cebu”]The Philippines’ Queen City of the South is expected to contribute a major role in the country’s economic growth for the upcoming years with its new developments and infrastructures line-up. Some infrastructures are already in the construction phase while others are yet to be realized soon. Take a look at the list below and see what the second largest city in the country’s latest schemes.
SM Seaside City Cebu
The country’s largest company, SM Prime holdings, introduces with great pride its newest and by far, the largest in the country dwarfing SM Mall of Asia, and the fourth largest worldwide, the SM Seaside City Cebu located at the South Road Properties. This will not only be just a mall but totally a tourist and Cebuano attraction that will bring a new taste to the city’s landscape.
Surely, many international and local tenants will be more than interested to occupy in one of the first developments in the master plan of SM Properties, the Seaside Complex. Brand groups such as Marks & Spencer and a lot more retailers are already coordinating with the SM team.
The said five-story mall will have a two-story SM Department Store and SM Hypermart, a five-theater Cineplex and IMAX Theatre, an 18-lane SM Bowling and Amusement Center, and a food court flanking an ice skating rink. This will open in November 2015 and will definitely bring excitement to the Cebuanos and tourists.
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SRP Filinvest: Beefing up in Cebu
IL Corso, owned by the Filinvest Group, will be Filinvest’s flagship mall in Cebu. The Gotianun family envisioned IL Corso to be the city’s newest and unique dining, shopping and recreational destination, having 11 connected buildings and a residential community “City di Mare” which means “City by the Sea”. It also has restaurants with the Parilya (lechon, seafood, and grill), it’s second which opened recently.
The Central Piazza is where its main entrance and amphitheater are located. Recently, the Central Piazza started to welcome their guests. The Gotianun family’s Festival Supermall belongs to those among the largest in Asia with a gross floor area of 328,756 square meters. It is seen to be among the top 25 largest malls in Asia and also one of the top 5 largest malls here in our country. It just shows how swift the Gotianun family cope with the country’s ever developing investments.
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Mactan New town
This 28-hectare township will provide you all you need!
The New Mactan Township gives a complete community which has residential condominiums in it, a campus, a lifestyle mall, and a cyber park which hosts prime BPO offices. Definitely, many investors and condominium buyers will be willing to earn a residential condominium in a complete and well secured community.
It is only in Mactan Newtown where you can live, work, play, and relax all in just one setting!
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Robinson’s Galleria Cebu
Known as the company’s largest mall outside Metro Manila, Robinsons Galleria Cebu will be invested by the Gokongwei’s. A seven-story commercial building on General Maxilom Avenue, Cebu City that will include hotel and office spaces to provide a mixed used development for local and foreign investors. Robinsons Galleria Cebu will include Robinsons Department Store, Robinsons Supermarket, True Value, Robinsons Appliances, Saizen, and Toys R’ Us. It will also have six cinemas, including two 3D theaters, with a total seating capacity of 1,800.
The Robinsons Land Corporation (RLC) is already advancing investments in Cebu and is presently experiencing vigorous economic growth and is seen as a booming economic sector.
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New Mactan Airport: A Fresh Start
An expansion of the second largest airport will be conducted this year to uphill its services to people and provide the most convenient and high-end facilities. Undertaken by GMR-Megawide, Mactan International Airport will be made the friendliest gateway in the Philippines with its resort ambiance, improved retail shops and upgraded restrooms, also with computerized passport reader that will make it easier and more convenient for tourists to travel.
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Megaworld: 5 luxury hotels in Cebu Township
Mactan Newtown will have 5 luxury hotels, amounting to 8 billion, to entertain the fast growing number of tourists in the city. Owned by Andrew Tan, the first two hotels which are the Mactan Belmont Luxury Hotel and the Savoy hotel will rise in the township within 5 years while the next three hotels is yet to be made known with the other one to carry an international brand.
The management intended to offer more exciting facilities that will raise the interest of the tourists in getting in the region.
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Proposed $1B Casino in Mactan Cebu
Nothing can stop RiskWise Group and Macau Resources Group from putting up a $1B Casino in Mactan, Cebu. It was said that there was already a letter of intent submitted to the Philippine Amusement and Gaming Corporation (Pagcor), and is already coming up with a handiwork of the proposal. With this, it will be expected that the Casino will rise in the northern part of Mactan Island since Cebu is now considered a gaming destination in the near future.
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Ayala-Aboitiz NRA Project
A joint venture between Ayala Land, Inc. and Aboitiz Land, Inc. was performed the past year to rise a 15-hectare mixed-use project to cope with the increasing demand for mixed-use projects in the city. The said project is currently Ayala Land’s fourth major mixed-use district in Metro Cebu and the 20th project for Aboitiz Land featuring residential developments and commercial spaces for offices. This project will widen job opportunities to the residents in Cebu.
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A 3rd Bridge to link Mactan to Cebu City
The third bridge that will link Cordova to the rest of Cebu City is being constructed, which is intended to ease traffic within Cebu City due to the fast rising of huge businesses and the enormous increase in the population resulted mostly by tourist arrivals. This will also benefit the municipality of Cordova by opening an opportunity for the investors to appreciate its beauty and will encourage them to invest and make more employment within the place.
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DOE confirms natural gas reserves in Cebu town
The Department of Energy already confirmed that there were gas reserves found by the Polyard Petroleum Group International in Barangay Montpeller. The said town has sizeable amount enough to supply 6 towns that ables the company to assure employment to the residents.
The DOE expected this find to produce oil in the long run that will also benefit the local economy by being able to receive shares when the company will generate its income from the find. This will help not only the residents but also the economy.
These ongoing and upcoming projects will soon to be sources of more revenues, will open more job opportunities to the Cebuano and Filipinos in general, and will further promote the tourism of Cebu and the entire Philippines while providing more convenience to the residents of the province.