Real estate giant Ayala Land Inc. (ALI) is investing P3 billion to develop a 7.5-hectare property at the heart of Subic's central business district.
Ayala Land said it has signed a 50-year lease agreement with the Subic Bay Metropolitan Authority (SBMA) for the development of the property into an integrated mixed-use community.
Located along Rizal Highway within the Subic Bay Freeport, the mixed-use project will include a shopping mall, a business process outsourcing (BPO) building, and a hotel.
Ayala Land said the project is expected to generate some 10,000 jobs from construction phase to operations. "The company's development will be a catalyst for growth in the Subic-Olongapo corridor and will be a major mixed-use project in the Subic Freeport Zone that is well-planned, integrated, and environmentally sustainable," a representative of Ayala Land said. The mixed-use project in Subic is Ayala Land's second major investment in the area. The company is currently developing the 320-hectare Anvaya Cove in Morong, Bataan.
With a Hotel added to the complex they MUST be going to do something about the drainage channel, maybe this is why the claimed bridge construction has not occurred waiting for Ayala to pay for it all. Wonder if they could fix the traffic lights while they are in the spending mood...
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IT WOULD BE TOO RISKY IF THE CHANNEL IS NOT DRAINED...THE COMPLEX WOULD FLOOD AND THE INSECTS LIKE HUGE FLIES, COCKROACHES RATS FOLLOWED BY THE SNAKES, NOT TO MENTION THE TRASH PEOPLE THROW IN THAT S RIVER/CHANNEL WILL SURELY PILE UP. THE AYALA CONSTRUCTION CREW/STAFF CANNOT EVEN MAKE A SIMPLE SIGN TO WARN THE PEDESTRIANS OF POSSIBLE DANGER IN WALKING CLOSE TO THE CONSTRUCTION SITE. AN EXAMPLE OF THEIR SIGN " ERECTION ON-GOING(LOL) G
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