February 18, 2020 | 12:05 am [ bworldonline.com ]
From left to right: Luis N. Yu, chairman emeritus of 8990 Holdings Inc.; Alexander Ace Sotto, president and COO of 8990 Holdings; Eric Tan, deputy head of construction and CEO of Megawide, and 8990 Chairman Mariano D. Martinez attend the ground-breaking ceremony of Urban Deca Towers Cubao last Feb. 6. -- COMPANY HANDOUT
MEGAWIDE Corp. and 8990 Holdings, Inc. last week broke ground for a new condominium project in Cubao, Quezon City.
“We are proud to be working with 8990 Holdings, Inc. on their latest project, Urban Deca Towers Cubao. We are grateful for their continued trust in Megawide and we are committed to providing first-world construction solutions to meet their standards,” Eric Tan, Megawide deputy head of construction, said in a statement.
Urban Deca Towers Cubao is a 45-storey building with 2 basement levels, and will have both commercial and residential units. It is located on EDSA corner Mayor Ignacio Santos Diaz St., within close proximity to the MRT-3 Cubao Station and LRT-2 Araneta Center Cubao Station.
Mr. Tan said Urban Deca Towers Cubao will be built mainly with Megawide’s proprietary precast and formworks technologies.
Megawide and 8990 have also worked together on Urban Deca Homes Ortigas, which marked a milestone as it recently topped off the first building of its 22-tower residential condominium development.
Urban Deca Homes Ortigas is located on a 13-hectare property along Ortigas Avenue Extension, Barangay Rosario, Pasig City.
8990 Chairman Mariano D. Martinez said this is the developer’s largest project so far.
Once completed by 2024, the development will have a total of 19,046 units. The condominiums have two-bedroom and three-bedroom units ranging 35.57 square meters (sq.m.) to 42.07 sq.m.
“We want to make commuting easier for them as this is conveniently located near business establishments and even schools so it’s ideal for young professionals and small families,” Mr. Martinez said.
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