Iloilo City has been continuously growing over the past decade with many infrastructure projects both from private companies and the government. The great thing about investing and doing your business in Iloilo is that it’s not as expensive as Manila and Cebu which are already the biggest contributors to the Philippine economy. One great project is the Iloilo Business Park. Considered to be “the next central business district” of Iloilo, The Iloilo Business Park (or “Megaworld” as locals like to call it) spans about 72 hectares with an investment cost of 35 billion pesos (721.9 million US$). With such a large amount of money to invest, what can this new township of Iloilo provide?
Festive Walk Iloilo and the Festive Walk Parade
Megaworld’s first lifestyle mall in the Visayas and Mindanao region and the first upscale mall in Iloilo shows the festivity that can only be found in Iloilo. It has a main and annex building both of which have 3 floors. It houses many businesses such as shops, restaurants, cinemas, and has an event center. Two supermarkets are found in this mall, namely The Marketplace by Rustan and Metro Department Store. But the biggest feature would be the Festive Walk Parade which can potentially be the longest dining and shopping outdoor strip in the Philippines. A 1.1 km strip lined up with nothing but commercial businesses for your convenience.
IloIlo Convention Center
A convention center occupying 1.7 hectares of the business park, its design is inspired by Iloilo’s two biggest festivals: The Paraw Regatta Festival and The Dinagyang Festival. The two-story structure has a size of 11,832 sq meters. On the first floor, the seating capacity is 3,700 and on the second floor, where the function halls are found, has a seating capacity of 500. 1,500 sq. meter rooftop can also be used for outdoor events.
Office Buildings
If your desire is to start your own Business Process Outsourcing Business, then you’re in luck as the Iloilo Business park has a total of 44,000 sqm area for offices and has the capacity to accommodate 18,000 employees. Currently, the buildings that accommodate your office needs are One Global Center, Two Global Center, One Techno Place, Two Techno Place and the Richmonde Tower. In the future, The One Fintech Place, Two Fintech Place, and the Festive Walk Parade Tower will also be available for lease.
Also, there will be two corporate towers that are currently being built. One of which is the on-going preselling of the International Corporate Plaza a 19-storey with four-level parking podium, retail spaces, arcade area and with its unique feature: multiple Skygardens at the 6th level.
Residential
If you’re looking for a place to stay while also having your own business at a walking distance, then Iloilo Business park is the place for you. You will have plenty of options to choose from.
One Madison Place Luxury Residences – a three-building condominium that has 10 floors each for you to stay in luxury.
Lafayette Park Square – this condominium tower has 14 floors and has an architectural design inspired by French and Spanish architecture.
The Palladium – the tallest luxury condominium in the Western Visayas region, it stands at 80 meters tall and has 22 floors. In various floors, there will be sky gardens for you to enjoy the greenery while high above the ground..
The Pinnacle – The latest addition to the mid-end high-rise residential development inside the business park is inspired with a Brise-Soleil architectural design. Pre-selling is currently still ongoing, you may visit here for more details “The Pinnacle”
In the future, there will be more residential spaces for you to choose from such as Saint Honore and Saint Dominique which can make you feel like living in Paris for a cheaper price as these condominiums are inspired by Parisian build.
Hotels
If you’re just planning to visit Iloilo and not stay permanently but can enjoy the luxury of the residential life of living around the Iloilo Business Park, then these are the top hotels you can choose
Richmonde Hotel Iloilo – found on the ground floor and the seventh to the twelfth floor of the Iloilo Richmonde Tower. It has 90 rooms that can accommodate businessmen and tourists.
Courtyard by Marriott Iloilo – this 15-floor hotel has 314 rooms for you to choose from. It is the first Courtyard by Marriott Hotel in the Philippines.
In the future, the Belmont Hotel Iloilo will be a 12-story hotel standing next to St. Honore and St. Dominique condominium towers.
If you start your ventures here now, then the possibility of a lucrative goal is not far ahead. You can visit their website to know more about the latest developments in Iloilo Business Park.
