CEBU, Philippines — Taft Property Venture Development Corporation (Taft Properties) is set to open the first phase of its first mini-township development, the Taft East Gate by end of second quarter next year.
Located on the corner of Cardinal Rosales Avenue and Pope John Paul II Avenue near the Cebu Business Park, the property arm of the Metro Gaisano group will open the first tower building on the 1.5 hectare development.
According to Myra Lynn Gilig, the company’s vice president and deputy chief executive officer (COO), the 10-storey podium will cover a total of 2,514 square meters of retail space; 6,145 square meters of BPO and office space, three basement parking levels for commercial tenants and four podium parking levels for condominium residents.
The entire development is anchored within the 10-year master plan consisting of four towers that have retail components, residential, office buildings, serviced-apartments, and a hotel.
Taft Properties started the project in 2018. Next year, the retail component will be opened, which will jumpstart the creation of an integrated community within the main business district.
Gilig said the 2,500 square meters retail leasable spaces will provide a unique mixed of tenants, to be carefully curated in such a way that offerings are one-of-a-kind in Cebu.
The four-tower development will be anchored by Taft East Gate Mall. On top of the mall podium is the Sky Plaza, the expansive amenity deck overlooking Cebu City.
“Taft Properties’ vision of a community that embodies the best aspects of the company’s MicroTownship concept – the standard which ensures that Taft’s projects are placed only on transit-oriented and strategic locations – is perfectly captured in Taft East Gate,” Gilig added.
Taft Properties is the property development arm of the Gaisano family’s Vicsal Development Corp., the company behind the Metro Gaisano chain of stores.
Taft’s portfolio includes residential communities in and out of Cebu such as the Horizons 101, Soltana Nature Residences, the Symfoni series of condominiums in Cebu and Manila, Cera at Citation and Citation Residences in Laguna and the Taft East Gate.