Posted on July 14, 2014 09:31:56 PM [
BusinessWorld Online ]
DAVAO CITY -- Cesareo Villa-Abrille
Development Corp. will launch in September a 120-unit residential project, the
first of several property developments being planned by the new company.
Lawyer Leoncio P. Villa-Abrille, in an
interview with BusinessWorld, said the family has decided to utilize about
three hectares of idle land in prime areas amid a bullish Davao economy.
“Davao is already saturated with
condominiums but on the business side, especially when it comes to convention
centers, everybody wants to come here. The influx of investors and visitors
here is unbelievable,” Mr. Villa-Abrille said.
The University Park Suites, due to
open in two months, is located near the Ateneo de Davao University. It will
have dormitory-type units and a four-storey hotel and is targeted at students
and professionals.
“This is our first serious development
and we will open it the soonest,” said Mr. Villa-Abrille, adding that other
projects will be pursued later.
Next in line is a low- or medium-rise
multi-use commercial project and a hotel in a more than one-hectare property in
Acacia Street, which is at the center of the city.
Mr. Villa-Abrille said negotiations
with informal settlers currently occupying 70 structures within the property
are ongoing. -- Maya M. Padillo
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