Ayala Land Inc. (ALI) eyes to spend an initial P5.2 billion over the next five years to jumpstart the development of its 49th estate and second realty venture in Bulacan, Crossroads in Plaridel Bulacan.
The 83-hectare property is eyed to be a mixed use master-planned development that will have retail, office, and residential components – taking advantage of the area as a key gateway linking Metro Manila to other key centers like Cabanatuan, Nueva Ecija and Aurora.
John Estacio, Ayala Land assistant vice president and Crossroads project manager, said the initial capital expenditure will be spent to develop the road network, and land development for the commercial side of the property that comprises 20 percent of the whole area.
Estacio said Ayala Land has also started selling lots in its commercial area, with lots ranging between 300 square meters (sq.m.) to 1,000 sq.m. at a price of P75,000 per sq.m.
Estacio said Ayalais also in talks with a big quick-service restaurant brand to be a locator in the estate. – Ruelle Castro
