MANILA, Philippines — The word is officially out. Soon, Metro Manila’s former Food Terminal Inc. (FTI) complex will become Arca South, a business and lifestyle hub that will serve as the southern gateway connecting key cities in the metro and even regions from the north and south.
This P80-B development is Ayala Land Inc.’s (ALI) signature project for 2014 and the next years to come.
But going beyond descriptions, what are the things to actually expect from the country’s future “City in Sync”? Here’s a roundup of the three titans to watch out for during Arca South’s first phase of construction:
By the fourth quarter of 2017, Arca South will have a shopping center that’s akin to Makati’s Greenbelt. Its gross leasable area (GLA) will measure 72,000 sqm and it will have five levels with approximately 350 stores.
Once open, it will become haven for foodies through its popular dining destinations, and it will also provide residents and workers convenient access to products from leading local and international brands.
Suitable for families, students, professionals, and entrepreneurs, this area of the city will provide everyone a place to unwind to and spend good times with their loved-ones and friends.
And by 2019, business is expected to be in full bloom in the Arca South Corporate Center (ASCC) as six BPO towers will be operational in the city by this time of Arca South’s construction.
The buildings – which will house prestigious and ideal yet distinct work environments – will be mid-rise with 8 levels each, and two towers every fourth quarter of the year will open starting 2017.
ASCC will also have access to major transportation channels and facilities that will support 24/7 tenant operations.
Savvy and convenient hotel destination
But apart from an urbane shopping center and a fully-equipped business hub, Arca South will also become an abode for local and foreign tourists through its 265-room Seda Hotel which will open on the third quarter of 2018.
Seda Arca South will stand 10 levels high (its ground floor lobby included) and it will be situated on top of an Ayala Mall. It is expected to be the most convenient home for travellers it being close to the Ninoy Aquino International Airport and the key cities of the Metro such as Makati and BGC.
For more information, visit www.arcasouth.ph.advt - INQUIRER LIFESTYLE
Manila Bulletin - January 17, 2019 The Department of Agriculture (DA) will utilize whatever that is left of the Food Terminal, Inc.'s (FTI) complex in Taguig to serve it's real purpose, which is to create food terminals. This was nearly seven years since the government privatized a large chunk of the property and sold it to Ayala Group.
In 2012, Ayala Land, Inc. (ALI) paid the government as much as 124 billion to purchase the FTI property. Seven years later, FTI said it will spend about 11 billion to build food terminals in six locations, one of which will be located within the remaining portion of FTI complex that is still owned by the government.
Agriculture Secretary Emmanuel Piñol said the FTI, which is now under the Department of Agriculture (DA), still owns a 25-hectare lot in Taguig and another 11 hectares occupied by informal settlers.
He said that FTI, as per FTI Chairman Raymundo Ferrer, has just recently revived the government's plan to construct food terminal facilities, which will serve as the consolidation areas for agricultural and fisheries products, across different part of the country.
When completed, the new FTI will have receiving and processing facilities for the produce of farmers and fishermen which will then be sold directly to consumers or vendors’ associations.
"Using modern communication technology, the new FTI will give out daily advisory on the buying prices of such products as chicken and hogs. It will be equipped with processing and cold storage facilities," Piñol said.
Logistical facilities will also be acquired by the FTI to move the products from the Regional Food Terminals to the market.
When the 74-hectare FTI property was sold to ALI, the proceeds went to DA so the agency could implement modernization projects. - MADELAINE B. MIRAFLOR