By Francis Anthony T. Valentin
Special Features Assistant Editor
GOLDEN BAY Fresh Landholdings, Inc. is looking to complete the construction of Aspire Corporate Plaza, its P2-billion office building in the Pasay City section of the Manila Bay Area, by 2020, earlier than initially planned.
The project was originally slated for completion in early 2021, Jardin Brian B. Wong, chief operating officer of Golden Bay, said at a press briefing on Feb. 21.
“We started developing the property even though we didn’t have any sale. That represents our confidence in the project,” he said.
Touted as the “first and only property in the Macapagal Bay Area to sell office spaces,” Aspire Corporate Plaza is aimed primarily at small and medium-sized enterprises, especially those in places like Binondo in Manila and those that prefer to own an office space rather than only leasing it.
“We offer them a chance to own their units in the booming Bay Area,” Mr. Wong said. “In the years to come, more and more people will see the benefits of relocating here. They’ll see the benefits of having relocated to an area closest to the airports and closest to key expressways.”
Golden Bay enlisted several firms, including Megawide Construction Corp., Sta. Elena Construction and Development Corp., ASYA Design Partner and Meinhardt Philippines, Inc., to put together the structure on a 3,500 square meter-property behind its food business, Golden Bay Fresh Seafood Restaurant, on Diosdado Macapagal Boulevard.
“Once we asked them to go full blast at an earlier time, kinaya nila,” Mr. Wong said.
Construction of the 10-story Aspire Corporate Plaza began early last year. Mr. Wong said the topping off would be held this year and the turning over of the units to the owners in 2020.
Part of the reason for fast tracking of the building is that their company is going to transfer there from its office in Binondo. “We personally bought a handful of units,” Mr. Wong said.
Aspire units have been selling briskly. “We sold already around 40 [units],” Mr. Wong told BusinessWorld on the sidelines of the briefing last Thursday. Their buyers include manufacturing, logistics and construction companies. An office unit starts at around P250,000 per square meter.
Golden Bay conducted a two-day open house earlier this month to generate sales as well as more buzz for its office building that will feature a sky garden, six high-speed passenger elevators and a parking space for 261 vehicles. Another one is scheduled to take place on March 9 through 10.