FEDERAL LAND, Inc. is making its first foray into Ortigas Center, as it plans to develop a high-end condominium complex.
In a statement, the property arm of GT Capital Holdings, Inc. said it will soon launch a two-tower project situated on a 5,090-square meter (sq.m.) lot along Exchange Road in Ortigas Center, Pasig City.
Federal Land said it is planning to build a “second iteration” of its award-winning project in Makati which was in collaboration with Japanese firms.
“Ortigas Center is a prime location for residential development as it strategically encompasses three major cities — Pasig, Mandaluyong and Quezon City. One can also conveniently get around other urban centers like Makati and Bonifacio Global City,” Federal Land General Manager Thomas F. Mirasol said in a statement.
The unnamed Ortigas project will offer 782 residential units with Japanese architecture and design, as well as Zen-inspired amenities.
“We continue to invest in our country’s progress and partner with world-class organizations that match our strengths as a developer and further reinforce our technical expertise and global standards,” Mr. Mirasol said.
Public infrastructure projects are expected to drive growth in Ortigas Center. These include the 633-meter BGC-Ortigas Center Link set to be completed by 2020, and the 36-kilometer Metro Manila Subway Project, which will run across cities including Quezon City, Pasig City, Taguig City, and Pasay City and will be completed by 2025. — Vincent Mariel P. Galang
An earlier version of this story stated the project would be a “second iteration” of a project called Season Residences. Federal Land Inc. clarifies that the new project is not associated with Nomura Real Estate Development Co., Ltd. and Isetan Mitsukoshi Holdings, Ltd.