The construction of Eco 4000 Residences in Ecoland by DMC Urban Properties paved way to a number of midrise condominium projects in the city today. Just across this ever first midrise condo community in Davao City is One Oasis which is being developed by Filinvest. It was 2008 when the first condo units in ECO 4000 Residences were delivered. 2 years after, the growth of vertical communities never stopped and continued to increase. Now enter the giants.
Prime Residences is a 22 storey proposed condo project by Far East Associates. It will be located along JP Laurel Avenue and is close to the upcoming Ayala Land’s Abreeza and SMDC’s SM Lanang. It will also be located across the posh development of Vista Land dubbed as Camella Northpoint. And few minutes away from Damosa IT Park and Robinsons Cybergate.
The developer claimed that they had their launching this month but I am yet to find an official press release or even online ads about this project. Hopefully, it will push through.
Speaking of Ayala Land’s Abreeza, the company’s high end condo development arm Alveo will also be constructing a condominium project within Abreeza’s rising business district. Alveo is known for its high end vertical projects in Metro Manila but they do have luxurious horizontal projects such as town homes ranging from 7 to 15 million pesos per unit.
Abreeza’s rising competitor is SM Development Corp’s SM Lanang. It’s not only a stand-alone mall but a vast rising business district with residential projects and corporate offices. As of this writing, their plan is to put up midrise condos. I wonder if there are height restrictions in that area (former Lanang Country Club). SM Development Corporation is known in the capital for developing towering yet affordable residential buildings.
With current developments, who knows what’s next. It’s been reported that Filinvest is also planning to put up a highrise condo/ hotel in the Bajada area and DMC Urban recently announced that they may follow the trend. A local developer is also developing a servicing apartment or hotel with 12 floors (but construction came to a halt) Let’s wait and see.