By Jenniffer B. Austria | Sep. 22, 2014 at 11:01pm [ manilastandardtoday.com ]
Vista Land & Lifescapes Inc., the property developer controlled by the family of former senator Manuel Villar, said Monday it will soon launch a new condominium project along Taft Avenue in Manila.
Vista Land said in a statement the project, called Vista Taft 1344, would have 759 residential units that were expected to generate P1.7 billion in sales. Average unit size is about 21 square meters selling at P125,000 per square meter.
The project will break ground in November this year while turnover date is scheduled in December 2019.
Vista Taft 1344 is located right across the University of the Philippines in Manila and Philippine General Hospital and is minutes away from De La Salle University. Vista Land said the project was expected to attract students, as well as start-up families and BPO workers.
The property firm decided to launch the project under the “university project series” because of the success of the four previous projects, namely Crown Tower University Belt, 878 España, Vista Taft and Vista 309 Katipunan.
Crown Tower University Belt and 878 España are both located in the university belt area in Manila, in close proximity to University of Santo Tomas, the oldest Catholic educational institution in the Philippines.
Vista Taft is along one of Metro Manila’s major thoroughfares, the Taft Avenue, right beside De La Salle University while Vista 309 Katipunan is across Ateneo De Manila University and in close distance to Miriam College and University of the Philippines Diliman.
Crown Tower University Belt was completed and turned over to residents in 2011 while construction of the other three developments—878 España, Vista Taft and Vista 309 Katipunan are currently under way.