LISTED VISTA LAND & Lifescapes, Inc. is continuing its joint venture with Mitsubishi Estate Co. Ltd. to build a Japanese-inspired condominium in Taft, Manila.
In a recent statement, the Villar-led property developer said its condominium arm Vista Residences, Inc. will work with the Japanese firm on a 42-storey condominium tower.
The development will have more than a thousand units and a retail space, and will target university students and young professionals in the Taft area.
“Vista Land is excited to present our very first Japanese-inspired condominium property in Manila… We want our homebuyers to be able to balance their purpose and passion while enjoying the convenience of city living,” Vista Land President and CEO Manuel Paolo Villar said in the statement.
The project will offer studio and one-bedroom units and will feature larger common areas and outdoor spaces as it aims to appeal to a premium market.
It will be located close to De La Salle University, College of St. Benilde and St. Scholastica’s College, and will be a few minutes away from Makati City, Taguig City and the Bay Area.
“We are grateful for our partnership with Vista Land that will enable us to take on another challenge to share our expertise and passion in real estate development, and we hope to explore more opportunities with Vista Land,” Mitsubishi Estate Senior Executive Officer Yutaro Yotsuzuka said in the statement.
“We look forward to our collaboration in terms of concept, architecture and technology that will differentiate this project from the rest of the condominium properties in Manila,” he added.
The two companies first announced their 60-40 joint venture for a condominium project in Taft last year. — Denise A. Valdez