A “Green City” To Rise Above The City
Italpinas sets CDO ‘Primavera City’ launch in 2nd quarter of 2016
While our country is getting more urban every day with more population migrating to the cities; most, however, are unaware of the great impact it brings. Pollution, traffic jams and derelict areas are just a few of the many dilemmas city dwellers struggle everyday that gets worse as urban population gets higher. Thus, people are now aiming for a healthier and more quality living in urban areas–a place to escape from the busy polluted city life.
To catch up with this thirst for green living, certified green builder Italpinas Development Corporation (IDC) has set for the second quarter of this year the launch of its new huge and groundbreaking project – Primavera City – in
Cagayan de Oro City.
IDC made its mark in the real estate industry as the first Philippine company certified by the International Finance Corp. (IFC) – World Bank Group Excellence in Design for Greater Efficiencies (EDGE) for its flagship project also in Cagayan de Oro City, the Primavera Residences.
Primavera City: A Green City
Imagine a city that you have longed. How easily you can drive around and find a parking space! How safely you can ride a bike! How painlessly you can shop in numerous shopping districts with less crowd! One way to accommodate such trend could be so-called “green city”. A city that can source and interconnect the most possible solutions for space utilization, sustainable energy, mobility and most especially, a great place to live and work, despite rising population densities.
Where else in Cagayan de Oro city would be the perfect place but at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (near SM City Cagayan de Oro), away from hust and bustle downtown.
“Primavera City is a fitting follow-up to our highly successful and multi-awarded Primavera Residences, which caught the fancy of not just Filipino but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati emphasized.
IDC Chairman and COO Romolo Valentino Nati, an Italian architect, said Phase 1 of Primavera City involves the construction of two towers of integrated multifunctional buildings (commercial, office, residential) project with 11 floors each.
IDC President Jose “Jojo” D. Leviste III said the two towers of Primavera City Phase 1 is designed to have 337 units, 57 of them commercial units; 231 are studio-type; 22 are one-bedroom units, and 27 are two-bedroom units.
Their average sizes are 50 to 60 square meters (sqm) for commercial units, 28 sqm for studio-type units, 47 sqm for the single-bedroom units, and 70 sqm for the two-bedroom units.
Now is the time to move ahead!
The grand launch will take place this coming second quarter and the start of construction of the Primaverya City Phase 1 will be the following third quarter of 2016. Completion will not take long beyond 2018 and the owners can finally have a taste of the Green City third quarter of the same year.
Employed or self employed having a family income of at least P50,000 can entitle their own space in this Green city. To name a few, they are the local entrepreneurs, SME’s, OFW’s, young professionals and retirees, among others, not just for first-time home owners, but also for investors.
Nati said Primavera City is envisioned to be another IDC award-winning sustainable-development project, with its passive green features, such as increased natural ventilation, shaded façade and semi-transparent photo-voltaic panels covering the amenities located on the rooftop, among others. The project has been recognized as highly commended condo by the Climate Technology Initiative Private Financing Advisory Network (CTIPFAN) in Singapore in 2014.
IFC Global Green Building Specialist Prashant Kapoor, IFC World Bank Legal Advisor and IFC Philippines head of Green Building Program Tess Lacerna, and IFC Country Manager Jane Xu awarded the certificates to Primavera Residences Tower A & B as the “First Completed Condominium Project in East Asia Certified by EDGE.”
EDGE is an innovation of the IFC – World Bank Group. It helps property developers build and brand their properties “green.” It is the highest and most desirable program in the international real estate industry. EDGE is supported by a software that encourages solutions to reduce energy, water and energy consumption by at least 20 percent, which is the standard for EDGE certification.
IDC has notched a series of milestones and achievements. It recently had its successful listing at the Philippine Stock Exchange.
What would a livable and sustainable, green city look like?