Megaworld, a major developer of integrated urban townships in the Philippines, along with its subsidiary Empire East Land Holdings, is developing a 24-hectare property along F Felix Avenue in Cainta, Rizal.
The PHP20bn ($377m) Highland City, the company’s 24th township development, will host the Highland Mall with a gross floor area of around 58,000m², rows of residential towers on a highland area, mixed-use towers, a church and open and green parks.
Megaworld executive vice president and chief strategy officer Kevin Tan said: “We are building another Megaworld Lifestyle Mall that showcases another unique character, complementing the ‘highlands’ or sloped landscape of the property.
“The Highland Mall will offer around 58,000 square meters of retail spaces.”
Highland City will be home to the Highland Park, an 8,000m² green and open park, which will house retail areas and a 500-seating capacity church.
The park will elevate towards the mall and serve as a ‘grand welcome’ to the township. A six-lane road on both sides of the park will serve as the main street entrance to the township.
Tan said: “We are very excited about this new township that will evoke a character of a city sitting on highlands.
“Empire East will develop around 38 residential towers on the elevated portion of the township. These towers will serve as a dramatic backdrop to the vision of ‘Highland City’.
“Our proposed Highland Mall under the Megaworld Lifestyle Mall brand will also be a centerpiece of the development. We will integrate it with an expansive park that opens towards the township’s main entrance.”
Around 40% of the development will be dedicated to green and open spaces. In addition to six-lane main road, internal roads will be at least four lanes.
Both companies will spend $377m in the next 10 years to develop Highland City. Land development will begin by the second quarter of 2019.
Megaworld owns 82% of Empire East Land Holdings.
Image: Rendering of Highland City. Photo: Courtesy of Megaworld Corporation.