DAVAO CITY — Cebu Landmasters, Inc. (CLI) and the Lyceum of the Philippines University (LPU) are aiming to open the school component of their township project here by June 2019, followed by the commercial spaces within three years.
Jose Franco B. Soberano, CLI executive vice-president and chief operating officer, said construction of the LPU Davao Campus is ongoing, while the mixed-use space is planned to start later this year.
“The site development of the mixed uses, we will go through permits applications and hope to start by third quarter or fourth quarter of this year,” Mr. Soberano said in an interview after Monday’s formal signing of the memorandum of agreement with LPU.
The LPU Town Davao project will cover 17 hectares with residential towers, office building, hotel, sports facilities, and convention center, aside from the school that has an allocated space of 5.2 hectares at the rear.
“The whole project will take five to 10 years to develop… We will do the initial eight hectares of the commercial portion, but it will integrate very much to the school needs,” Mr. Soberano said.
Under the agreement, CLI will be the project planner and manager of this university town. It will also bring its flagship brand Casa Mira Towers for the residential component.
“CLI will build the initial two towers of around 10 to 12 storeys, as there is a height limit due to the project is near to the Davao airport,” Mr. Soberano said.
The LPU Town Davao in the Buhangin area is about 10 minutes away from the Davao International Airport. — Maya M. Padillo
