Real estate firms PH1 World Developers (PH1WD), a unit of Megawide Construction Corporation, and ProFriends have forged a joint venture Famtech Properties (Famtech) to develop a property in Imus City, Cavite.
In a statement, PH1 said Famtech is giving rise to One Lancaster Park (OLP), a new vertical property development inside Lancaster New City in Imus. OLP combines the convenience of metro living and the relaxing vibe of nature.
Under the development contract, PH1WD will construct and manage OLP’s inaugural Tower 1 and Tower 2 as part of Phase 1, each comprising 191 units.
Running through the development is a sprawling 7-hectare leisure field that will feature a family bonding zone, a kids’ playground, a physical activity area, quiet zone, and pocket gardens, with the convenience and security offered by a condominium-style development.
When finished, the entire OLP property will boast nine eight-storey buildings with basement parking. Completing the surroundings will be elevated walkways that will connect pedestrians to various points of interest, a clubhouse, three adult and kiddie swimming pools, plus a basketball court.
“Famtech is looking forward to becoming the first vertical development within Lancaster New City. It’s fitting to launch our unique ‘Metro Living with Nature’ concept in Imus because the province of Cavite is itself a convergence of urban development and natural surroundings,” said PH1WD President Gigi Alcantara.
ProFriends Commercial Business Group Head Richard Tay said “OLP will appeal to potential homeowners and scouting to purchase a property as an additional investment that they can earn from, or pass on to their children.”
Megawide will undertake the construction of OLP, including Towers 1 and 2 which are two L-type residential buildings, roadworks, a sewage-treatment plant, as well as site and amenities development.
“PH1WD will continue to positively disrupt the local property development sector that will manifest in OLP. Future homeowners of the property can look forward to experiencing a high-standard of form and functionality that is the trademark of a Megawide-built housing structure,” Alcantara said.
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The article was originally published in Manila Bulletin and written by James A. Loyola.
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