A CEBU-based developer partnered with an international management firm for a luxury condominium project in Cebu City.
Worldwide Central Properties, Inc. recently announced its partnership with The Ascott Limited for The Suites at Gorordo, a project seen to create commercial growth in the area.
“That is what we aim at Worldwide. We want to spur commercial development in Gorordo,” said Sharon Ong, Worldwide vice president for marketing, in a press conference on Thursday.
Soon to rise on a 1,000-square meter lot at the corner of Gorordo Avenue and Archbishop Reyes Avenue in Cebu City, The Suites is a 28-storey condominium project with 160 residential units and 150 serviced apartments.
A serviced apartment is a fully furnished apartment for both short-term and long-term stays, providing hotel-like amenities.
Ong said they are positive that once the project rolls out, more commercial and business establishments will also rise in the area.
She said the company is expecting to spend P1 billion for the project with groundbreaking ceremonies slated next year and completion due by 2021.
Inspired by the iconic Flat Iron Building in New York City, The Suites will be designed by H1 in collaboration with JSL and associates.