DAVAO CITY — Homegrown YHEST Realty and Development Corp. and YHES Inc. are awaiting the government’s final plan for the coastal road here before making its pitch for the development of Times Beach into a “lifestyle hub.”
Times Beach, a public area in Matina Aplaya, is currently lined with some restaurants and karaoke houses.
Frederick H. Yuson, president of both companies, said they are eyeing to develop a four-hectare complex in the area into an event center and lifestyle hub with restaurants and hotels.
“It is a beach amusement-type concept. It will be very exciting and we will be sharing it with you soon,” Mr. Yuson told BusinessWorld.
The project, he stressed, will depend on the ongoing coastal road project.
“If we lose the shoreline because of the coastal project, we have to redesign. We’re still contemplating what’s the best thing for that, maybe an event center or a food complex,” Mr. Yuson said.
“It is hard to invest something now… We would like to synchronize with the whole plan on the coastal project,” he added, noting that they are coordinating with Department of Public Works and Highways before finalizing the design.
The P19-billion Davao City Coastal Road project is a 35-kilometer (km) highway that stretches from Bago Aplaya in the city’s southern suburb to R. Castillo Avenue in the downtown area.
The Bago Aplaya-Times Beach segment is part of the government’s 2018 infrastructure program. — Maya M. Padillo