CEBU, Philippines - Newly established real estate company Innoland Development Corporation officially kicked off its P1 billion-flagship project development at Asiatown IT Park in a groundbreaking ceremony that marks the start of its first green hybrid building in Cebu.
Dubbed as “The Calyx Center”, the 26-story building will offer over 200 residential and commercial condominium units intended for the growing market of mobile professionals and technology workers in Cebu.
Innoland chief operating officer Charles Ong said The Calyx Center is the first of three developments that are being lined up by the company for the next few years.
Ong said the company will focus more on residential projects to take advantage of Cebu’s economic vitality that has attracted local and international residential property buyers.
The organically designed, green building located on a 2,953 square-meters premium lot beside Asiatown’s “The Walk,” will be a community within a bigger community with retail, office and residential components in one building, Ong said.
Ong said the establishment of the green building is seen to give boost to Cebu’s strong commitment to the environment.
The residential tower’s units will be on the 11th floor, a story above the transition level at the 10th floor will have two gardens. The bigger one is designed as an active zone with a lap and wading pool, a gym, shower rooms, a Laundromat, two function room for parties and business meetings exclusively for residents.
The smaller garden facing northeast will accommodate yoga, meditation, reading, and quiet conversations in an outdoor setting. Adjoining is a Lounge with a wifi center and workstation as well as a seating area for relaxation, receiving visitors, hob nodding with neighbors.
The first nine floors will be designed as a podium accommodating office spaces with footprints of over 2,000 square-meters to meet BPO (Business Process Outsourcing) requirements.
Innoland is the sister company of the entity that recently developed three buildings, two of which are BPO buildings, the Sykes building and 16-story TG Universal (TGU) Building at the Asiatown IT Park.
The group, which is led by its chief executive officer (CEO) Joy Anthony Ong, expressed its keen interest in venturing into the real estate development in Cebu, and soon will eventually venture into projects in other regions, after establishing its name here.