McKinley Park Residences, a 43-storey edifice, will be Global City’s only all loft-type condominium development to date. It will be launched on June 8 with start of construction scheduled by Nov. 2006 and turnover in 2009. Fifth Avenue Place on the one hand will begin construction in Dec. 2005 with the units scheduled to be turned over to the owners three years after.
Both projects are geared towards the middle-income market or the P2 to P3 million market, which many developers are currently addressing.
RLC high-rise buildings division general manager Danilo Ignacio said that nowhere is the company’s top priority to delight the customers more evident than in this brand new project. "The whole property was carefully planned to spell out the good things in life — comfort, security, fun, and affordability. It is a place that offers pluses like no other," he noted.
Right within the vicinity of major healthcare, commercial, residential, service, and institutional establishments, a resident of McKinley Park Residences will have direct access to limitless activities in the modern and vibrant complex of the Global City such as the Jollibee/Bonifacio Stopover, Market Market, Pricesmart, MC Home Depot, and international schools. The project is also a few minutes away from leading routes like C5, EDSA, as well as the Makati Central Business district via the Kalayaan flyover.
McKinley Park Residences is also a few steps away from one of the most anticipated developments in the Global City, the St. Luke’s Medical Center (SLMC). The new hospital which will open also in 2008 will have the same world class standards as SLMC in Quezon City.
Its proximity to a world-class medical center is also one of the reasons why many Filipino-Americans based in the US have already made reservations for McKinley Park Residences. "We’ve found out during our roadshows conducted in the US that many Fil-Ams want to spend their retirement years in the Philippines but are concerned about our quality of healthcare. With St. Luke’s to be located right beside McKinley Park, quality healthcare will no longer be a concern for them," Ignacio revealed.
Robinsons Land has already conducted two roadshows in the US. The first one was in October last year and was held in Los Angeles and in San Francisco. The second one held just last April include LA, San Francisco, and Hawaii. Ignacio disclosed that their sales during the April roadshow was three times more than that held in October.
Most of the buyers, Ignacio said, are baby boomers who will be retiring soon. "They believe that they can stretch their retirement pay more by spending it in the Philippines. Others see buying our units as a form of investment while there are those who just want to buy for their children or simply help the country," he added.
Unlike Fifth Avenue which consists of one-bedroom units, McKinley will have one, two, and three bedroom lofts, thereby addressing the demand among Fil-Ams especially for bigger residential units.