Waterfront township to build 25 towers in Mandaue city
The Gaisano-owned Taft Properties Venture Development Corp. has formed a joint venture with Hong Kong Land to develop a 20-hectare property into a waterfront township that will change Mandaue City’s landscape.
Mandani Bay, the proposed township will redefine Mandaue, known as Cebu’s industrial hub, into a lifestyle destination, said developers.
The project will have 25 towers with 18,000 residential units for the mid- to high-end market segments, said project manager Theodore Gilbert Ang. The project will also offer office, recreational and retail spaces.
“It will be a new destination. Our vision is for Mandani Bay to be at par with other vibrant, progressive cultural districts throughout the world,” he said in a presentation yesterday at the Radisson Blu.
HT Land, the joint venture company formed by Taft and Hong Kong Land, will develop the property in eight phases over ten years.
Phase 1, estimated to cost P4.5 billion, includes the project’s showroom, park, temporary retail spaces, and the first two towers on a 1.1-hectare property. The facilities are targeted to be completed next year while the two high-rise buildings will be completed in 42 months.
The two towers, with 27 and 35 levels, will offer 1,200 residential units with a market price range of P3 million to P15 million.
Mantani map site in Mandaue city
A temporary dock for yachts or speedboats will also be constructed next year.
The temporary spaces will be torn down after 10 years or upon completion of the entire development, said Ang.
A permanent marina will also be constructed in later phases of the development, when there are already more residents.
Ang said they have brought in consultants for the project. A. Bicol Consultancy will ensure environmental sustainability while Parsons Brickenhoff was commissioned to assess traffic situations and develop a traffic plan for the area.
Roads and pedestrian lanes will be wide, allowing for much space and less chances of traffic within the development.
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