By Alithea De Jesus
Concrete pouring ceremony signals resumption of sustained development
When the pandemic made the whole world stand still for three years, the construction industry had to stop as inevitable to ensure everyone’s safety and at the same time let the cloud of uncertainty settle.
Now that the world has opened up, construction across the world gets back to business as usual. For the “City of Firsts”, this is a harbinger to resume their projects in the pipeline and that includes the impressive fully integrated P20-billion Cyberpark development.
To jumpstart the resumption, a ceremonial first concrete pouring at Cyberpark 3 was held on February 6.
Cyberpark 3 is the third office building to rise in Araneta City’s 8-hectare Cyberpark Office district. It will be a 30-storey office building that features state-of-the-art facilities including a Leadership in Energy and Environmental Design (LEED) certification.
This property will have 27 levels of office spaces, three basement parking levels, and two floors of retail space in its podium. It will have large floor plates (typically 2,500 square meters), floor-to-ceiling windows, and top-of-the-line facilities which include, among others, a Smart Elevator System.
Gracing the ceremony were executives and employees of the Araneta Group, and the Binibining Pilipinas 2022 queens. Also present were partners from DATEM Inc, the contractor of choice for Cyberpark 3, and JLL Philippines, the Araneta Group’s strategic real estate advisor.
Cyberpark 3 is the latest addition to Araneta City’s master-planned community that already includes residential, office, hospitality, and retail developments. This office tower will house retail spaces in its podium. It is accessible to other key landmarks in the City of Firsts – entertainment venues like the Smart Araneta Coliseum, retail centers like Farmers Plaza, Ali Mall and the soon-to-open Gateway Mall 2, hotels like Novotel Manila and the upcoming ibis Styles Hotel, and the Manhattan Gardens residential towers.
It straddles the crossroads of EDSA, Aurora Blvd, and P. Tuazon St., giving easy access from anywhere in Metro Manila. Cyberpark 3, as with the whole Araneta City, has access to multimodal transport like the MRT, LRT, buses, commuter vans, and jeepneys.
“Cyberpark 3 is our latest solution to the need of companies and locators looking for options. Once completed, it will serve as a suitable, even superior, alternative to office spaces in the usual CBDs,” Rowell Recinto, Senior Management Consultant of the Araneta Group, said.
Like its two predecessors, Cyberpark 1 and 2, this new office building highlights green initiatives and renewable energy solutions and will carry a LEED certification. It will feature energy-efficient double-glazed windows and a rainwater collection system, among others.
“We will continue to introduce environmentally impactful design features and specifications in our Cyberpark construction. This serves as Araneta Group’s commitment towards environmentally responsible developments,” Recinto said.
A PEZA-registered IT Zone, the Cyberpark Complex is projected to have five towers with a combined floor area of over 500,000 square meters. Two towers have been completed – Cyberpark 1 which opened in 2016, and Cyberpark 2 which opened in 2018.
Cyberpark 3 is expected to be completed by first quarter of 2025.
BY THE NUMBERS:
- Construction Floor Area: 4,300 square meters (est.)
- Gross Floor Area: 91,000 square meters (est.)
- Levels: 30 levels including 3 basement parking levels
- Project Cost: P4 billion (est.)
- Target Completion: First quarter of 2025