By Neil Jerome C. Morales (The
Philippine Star) | Updated June 1, 2014 - 12:00am
MANILA, Philippines - Ortigas &
Co., one of the oldest property developers in the country, has moved forward
with the construction of its latest upscale project, the 64-story residential
condominium Royalton at the Capitol Commons.
The property firm said it signed an
agreement with D.M. Consunji Inc. for the structural and architectural works of
the Royalton, making it Ortigas & Co.’s second residential project awarded
to the construction firm.
“This tower is one of our masterpieces
inspired from architectural icons across the world. The tower has character: no
unit will be the same because the design team carefully planned out each line
and contour that went into the blueprint,” said Joey Santos, general manager of
the real estate division of Ortigas & Co.
“Royalton is a big challenge to us
because if you look at the finished lines, each floor is not of the same
di-mension, it’s like a wave,” said Jorge Consunji, president and chief
operating officer of D.M. Consunji, which has a proven track record of more than
500 structures in its 50-year history.
The Royalton tower features an
eye-catching sinuous figure that appears to gracefully flow with the wind and
its curves come from the unit balconies, which provide proper air circulation
and shade from the afternoon sun.
Ortigas & Co. expects P4 billion
in sales from all 422 units of Royalton, which was launched in the fourth
quarter of 2012. Each unit has a floor area ranging from 34-154 square meters,
priced between P5.5 to 23.6 million.
“Since its preview in 2012, the
Royalton has recorded robust sales, while continuing to pique the interest of
investors and those in the hunt for prime property,” the property firm said,
adding that big open spaces and access to premium shopping and retail
establishments add value to the project.
Amenities and facilities in the
residential tower include conference rooms, a fitness center, landscaped garden
deck and a lap pool.
Royalton is the first condominium
project in Ortigas & Co.’s Capitol Commons mixed-use development in Pasig
City.
“The Royalton will come to life 2018
and it will signify the shared drive of the two companies towards excellence,
and towards literally changing the Metro Manila landscape,” Santos said. Last
year, Ortigas & Co. awarded to D.M. Consunji the contract to build the
53-story upscale tower Viridian in Greenhills.
Capitol Commons is a P25-billion
masterplanned development at the historic site of the former Rizal Provincial
Capitol. It will feature a total of five residential towers, an upscale mall
and an entertainment complex.
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