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Blog

Iloilo Business Park - Iloilo City

8/16/2014

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Picture
Photo Credit: www.megaworldcorp.com
Ilo-ilo Business Park is the first township of the leading property developer, Megaworld Corporation. Iloilo, being the business and commercial center of the Western Visayas region, was eyed as an ideal location for a New Megaworld development. Hence, like The Mactan Newton in Central Visayas, Iloilo Business Park signals Megaworld’s expansion into the country’s southern provinces. The 72-hectare development project is expected to see the rise of first-class hotels, a commercial area, a modern lifestyle mall, BPO office buildings, and a large convention center meant to accommodate more than 3,000 people. In fact, the P700-million Iloilo Convention Center, expected to open in 2015, is a joint venture between Meagaworld and the local government, and is meant to occupy almost two hectares of the whole property in order to provide a venue of conventions, trade fairs, and even performances by local and international artists.
The constructions of Richmonde Tower is now ongoing and it is expected to house the hotel and BPO offices. A 15-story Courtyard by Marriott has also been launched within the recent year. The Courtyard by Marriott is expected to have 314 rooms and suites, leisure amenities, and a spectacular view of the Iloilo Business Park’s urban landscape. Similarly in development is the third tower of luxury residential condominium One Madison Place, which was launched in the past year to meet the overwhelming demand for residential condominiums. One Madison Place, expected for completion in 2017, will occupy a total 1,700 square meters of space along the Megaworld Boulevard of Iloilo Business Park and will have 10 storeys of pre-furnished residential units in each tower.

The commnunity’s expected focal point is the Megaworld Center Mall as it is slated to be the first upscale mall to be built in Iloilo. Meanwhile, the 11-kilometer Festive Walk is a wide open-air strolling area lined with shops and outlets of various signature brands, patterned after outlet shops in America.

Live
Iloilo Business Park brings a township lifestyle to Western Visayas by introducing the luxury residential condominium One Madison Place. The residential enclave was launched to meet the strong demand for residential condos in Iloilo. One Madison Place occupies a sprawling 1,700-square-meter land area along Megaworld Boulevard in Iloilo Business Park. It will be comprised of 127 units with layouts ranging from executive studios to two-bedroom units. Each unit is pre-furnished with cooktops (four-burner for two-bedroom units, two-burners for the others) and a range hood. The project is expected to be completed in 2017.

Work
Megaworld is also committed to make Iloilo one of the country’s biggest IT-BPO hubs in the country as it is expected to offer close to 100,000 square meters of leasable floor area for IT-BPO companies in the next three to five years.

Play
The township highlights the rise of its Megaworld Central Mall as it is slated to be the first upscale lifestyle mall to be built in Iloilo. The 11-kilometer Festive Walk, a wide open-air strolling area will soon host shops and outlets of various signature brands.

Other Townships:
  • McKinley Hill
  • McKinley West
  • Forbes Town Center
  • Uptown Bonifacio
  • Newport Pasay City
  • Eastwood City
  • The Mctan Newtown
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