By Pat C. Santos
04/05/2011 [ tribune.net.ph ]
Taguig will soon flaunt its tallest mixed-used skyscraper following the groundbreaking last Thursday of the Grand Hyatt Hotel at the New Central Business District of Bonifacio Global City.
Taguig City Mayor Lani Cayetano made the announcement saying that the establishment of new business in Taguig indicates that investors have confidence in the local government of the city.
“We assure our investors that we are ready to meet their demands and we will make it easier for them to put up and maintain their businesses in our city. We believe that getting rid of red tape will attract continued investment,” said Cayetano.
At 66-story high and 100,000 square meters above ground, The Grand Hyatt Hotel will be comparable to the iconic structures of modern countries and cities like the US, Shanghai, Taipei, Hong Kong and Japan.
“We are in high spirits because the construction of The Grand Hyatt Hotel will further boost the dynamic industry in Taguig. We are thankful that Taguig is becoming the popular choice of most businessmen. We want to reciprocate this trust by introducing reforms to eliminate corruption and red tape,” said Cayetano.
She added that the Federal Land Tower Development will generate jobs and open opportunities for Taguig City residents. Eventually, these will benefit the country’s economy.
The 66-story building will house a five-star hotel, as well as residential and commercial units. The developer expects to spend as much as $300 million on the flagship facility and the first phase of the project will be completed by 2014.
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