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Iloilo Business Park

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Coordinates: 10°42′53″N 122°32′41″E / 10.71472°N 122.54472°E / 10.71472; 122.54472
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Iloilo Business Park
Central business district
Skyline
Megaworld Boulevard
Iloilo Convention Center
Festive Walk Parade
Casa De Emperador
Official logo of Iloilo Business Park
Nickname(s): 
Megaworld
IBP
Map
Iloilo Business Park is located in Philippines
Iloilo Business Park
Iloilo Business Park
Coordinates: 10°42′53″N 122°32′41″E / 10.71472°N 122.54472°E / 10.71472; 122.54472
CountryPhilippines
RegionWestern Visayas
ProvinceIloilo
CityIloilo City
DistrictMandurriao
Area
 • Total0.92 km2 (0.36 sq mi)
Time zoneUTC+8 (PST)
WebsiteOfficial website

Iloilo Business Park (IBP), also known just as Megaworld among the locals (after the developer's name), is a 92-hectare (230-acre)[1] mixed-use master-planned central business district in Mandurriao, Iloilo City, Philippines by Megaworld Corporation. It is an integrated township project featuring a financial district, a lifestyle mall, office buildings catering to business process outsourcing firms, boutique and deluxe hotels, a convention center, and medical services facilities.[2]

Iloilo Business Park was the site of Mandurriao Airport, the former main airport of Iloilo until 2007, when Megaworld Corporation acquired the property and developed it into a mixed-use development. Since then, the area has experienced significant growth and is now bounded by two other major developments in Mandurriao, namely SM Iloilo of SM Prime to its east and Atria Park District of Ayala Land to its southeast.

History

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The terminal building of Mandurriao Airport, where the Iloilo Convention Center now stands

It is located on the site of Iloilo's former airport, Mandurriao Airport, which the conglomerate acquired for 1.2 Billion Pesos from the Philippine national government.[3] Megaworld is projected to pour in ₱25 Billion for the entire development in a span of years.[4] Initial development includes construction of a road network, the 12-storey Richmonde Hotel Iloilo and Richmonde Tower, Festive Walk, Two Business Process Outsourcing office buildings. The IT complex has been certified as an information technology park by the Philippine Economic Zone Authority (PEZA), granting locators perks such as tax holidays and duty-free importation of equipment among others.[5]

Megaworld is setting aside a 9.7-hectare lot for the boutique hotel and commercial district which is being offered to interested business owners.[6]

Iloilo Business Park increased by an additional 18 hectares (Sta. Rosa) and another 20 hectares, bringing the project to roughly 92 hectares from its initial 54.5 hectare-size. This is due to the increasing demand for residential and commercial properties and good reception to Megaworld's first development in the region[1] and biggest township in the Visayas, modeled after the live-work-play approach that it claims to have pioneered in the Philippines.[7]

Developments

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Residential

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Residential towers in the township featuring One Madison Place, Lafayette Park Square, and The Palladium (from left to right, respectively)

One Madison Place Luxury Residences is Megaworld's first residential development within Iloilo Business Park. It consists of three 10-storey mid-rise towers along Megaworld Boulevard.[8]

Lafayette Park Square is Megaworld's second condominium project within the business park. The 14-storey single tower features French and Spanish architectural designs.[9]

The Palladium, introduced in October 2014, is the tallest modern luxury residential condominium within Iloilo Business Park. Standing 80 meters high at 22 stories, The Palladium is also the region's first residential tower with its own sky gardens in various floors overlooking Iloilo City. At the topmost floor of the tower, there are exclusive loft units ranging from 76 square meters to 115 square meters.[10]

The fourth and fifth residential projects in the township launched in 2017, Saint Honore and Saint Dominique, are inspired by Parisian lifestyle. It has ten levels with 168 and 152 units respectively. Both towers share a common podium and amenity areas. Both condominiums have second towers each.[11][12]

The sixth condominium in the township, The Pinnacle, is a 20-storey luxury residential project of Megaworld. It will be built adjacent to the International Corporate Plaza.[13]

Megaworld's seventh condominium and ninth residential tower in the township, the 22-storey Firenze, is an Italian City of Florence-inspired condo that will rise beside The Palladium at the northern portion of Megaworld Boulevard.[14]

Office buildings

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Torre del Reloj (The Clock Tower) of Festive Walk Parade at Iloilo Business Park

Three Megaworld office towers were initially developed to cater mainly to business process outsourcing companies. They combine a total of 25,000 square meters of leasable space and could accommodate a total of 10,000 employees. These are One Global Center, Two Global Center and the Richmonde Tower which also houses the Richmonde Hotel Iloilo. Construction of two more office buildings, namely One Techno Place and Two Techno Place, commenced last 2015 and are set to occupy a total of 19,000 square meters of leasable space housing an additional 8,000 employees.[15][16]

Other IT-BPO office towers in the township include the Festive Walk Parade Tower, One Fintech Place, and Two Fintech Place.

In addition to the office edifices housing mostly to IT-BPO companies, there are also planned corporate office towers in the pipeline that will be built in the township. Notable of which is the International Corporate Plaza, a 19-storey tower with leasable spaces for corporate tenants. It will be the first green designed office tower in the Western Visayas region. Banks such as Metrobank and UnionBank of the Philippines has in their plans to build their regional corporate office towers in Iloilo Business Park.

Hotels

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Courtyard by Marriott Iloilo

Richmonde Hotel Iloilo occupies the ground floor and 7th to 12th floors of the Iloilo Richmonde Tower. It hosts 90 guest rooms and cater to businessmen and tourists. It is the first Richmonde Hotel outside Manila.[17][18]

Courtyard by Marriott Iloilo is built under Marriott International through Megaworld Corporation. The 15-storey hotel houses 314 rooms and suites.[19] The hotel opened on May 1, 2018 as the first Courtyard by Marriott development in the Philippines and also the first Marriott-branded hotel in Visayas and Mindanao twenty years after the opening of Marriott Cebu (rebranded as Seda Cebu).

Belmont Hotel Iloilo is the latest hotel near the St. Honore and St. Dominique condominium towers. A 12-storey hotel, it will be the first Belmont Hotel brand in Western Visayas and Mindanao.

Commercial

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The Festive Walk Iloilo is the first stand alone lifestyle mall by Megaworld in Visayas and Mindanao and the first upscale mall in Iloilo. It has two buildings (Main with 3 levels + Annex with 3 levels) housing shops, restaurants, facilities including cinemas and "event centers".[20] The Marketplace by Rustan's occupies as the main supermarket chain in the mall. Festive Market by Savemore serves as the anchor supermarket for the mall.[21][22][23]

Festive Walk Parade, a 1.1-kilometer outdoor commercial and retail strip, is the longest shopping and dining strip in the Philippines. The first phase had a soft opening on December 20, 2016 with a grand opening happening in January 2017. Succeeding phases was completed in 2018.[24][25]

Landers Superstore is set to open a branch in Iloilo Business Park, introducing its wholesale club concept to the township.[26]

Museums and art galleries

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Casa de Emperador houses the Iloilo Museum of Contemporary Art (ILOMOCA), the first museum dedicated to contemporary and modern art in Visayas and Mindanao

Iloilo Museum of Contemporary Art (ILOMOCA) is the first contemporary and modern art museum in Visayas and Mindanao (first Megaworld-built museum in the Philippines), it houses artworks of local and international artists like Salvador Dalí.

The Brandy Museum, the first and only brandy museum in the Philippines, offers a virtual tour showcasing the history of brandy and wine manufacturing.[27]

Convention center

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The Iloilo Convention Center stands on a 1.7-hectare lot donated by Megaworld Corp, the same site formerly occupied by the apron and terminal of Mandurriao Airport.[28] It was funded by the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) and the Priority Development Assistance Fund (PDAF) of Senator Franklin Drilon.

Medical services

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SuperCare Medical Services, Inc. is a 9-storey medical services in the township currently under construction.[29]

Transport

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Festive Walk Transport Hub and the Premium Point-to-Point (P2P) Bus

In March 2019, the Land Transportation Franchising and Regulatory Board announced the opening of a new Premium Point-to-Point Bus Service in Iloilo Business Park Transport Hub with express bus services to the airports in Cabatuan, Kalibo and Boracay (Caticlan).

The transport hub also serves as one of the central terminals with access to different routes within the city.

References

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  1. ^ a b "Megaworld to expand Iloilo township development". BusinessWorld. 3 May 2013. Archived from the original on 23 September 2015. Retrieved 18 September 2015.
  2. ^ Montealegre, Krista Angela M. (14 January 2013). "Megaworld to sink P25 billion into Iloilo integrated township project". InterAksyon. Archived from the original on 17 January 2013. Retrieved 21 January 2013.
  3. ^ Iloilo Business Park – Home
  4. ^ Rendon, Jennifer (14 January 2013). "Megaworld allots P25 B for Iloilo project". The Philippine Star. Retrieved 21 January 2013.
  5. ^ "Megaworld builds Iloilo business park". ABS-CBN News. 6 May 2011. Retrieved 8 December 2023.
  6. ^ "Megaworld's P25B Iloilo business park to be ready by 2015". ABS-CBN News. 14 January 2013. Retrieved 18 September 2015.
  7. ^ "Megaworld expands Iloilo Business Park as demand grows". GMA News. 3 May 2013. Retrieved 18 September 2015.
  8. ^ "Megaworld launches 3rd tower for luxury condo in Iloilo". ABS-CBN News. 23 August 2013. Retrieved 18 September 2015.
  9. ^ "Megaworld to build Euro-inspired condo in Iloilo". ABS-CBN News. 20 January 2014. Retrieved 18 September 2015.
  10. ^ Montealegre, K. A. M. (30 September 2014). "Megaworld adds a fifth tower in Iloilo business park on brisk demand". InterAksyon. Archived from the original on 5 March 2016. Retrieved 18 September 2015.
  11. ^ "Live the Parisian dream at Saint Honore". The Philippine STAR.
  12. ^ "BusinessWorld | Megaworld adds 7th tower in Iloilo Business Park". BusinessWorld. Archived from the original on 2017-08-24. Retrieved 2017-08-23.
  13. ^ "The Pinnacle | Condo in Iloilo City | Megaworld Corporation". www.megaworldcorp.com. Retrieved 2024-06-23.
  14. ^ "Press Release". edge.pse.com.ph. Retrieved 2023-05-04.
  15. ^ Magturo, D. J. (30 June 2014). "Megaworld fast-tracks Iloilo BPO buildings". BusinessWorld. Retrieved 18 September 2015.[permanent dead link]
  16. ^ Morales, N. J. C. (5 April 2014). "Megaworld allots P5 B for Iloilo office towers". The Philippine Star. Retrieved 18 September 2015.
  17. ^ Flores, W. L. (25 May 2015). "P-Noy to unveil Iloilo Business Park on June 11, Negros adapts to change". The Philippine Star. Retrieved 18 September 2015.
  18. ^ "Megaworld starts construction of Iloilo Business Park project". GMA News. 6 May 2011. Retrieved 18 September 2015.
  19. ^ "Megaworld to build Courtyard by Marriott hotel in Iloilo". ABS-CBN News. 15 August 2013. Retrieved 18 September 2015.
  20. ^ "Manila Standard - 2018 February 06 - Tuesday by Manila Standard - Issuu". issuu.com. 2018-02-05. Retrieved 2024-06-23.
  21. ^ Bermejo, K. V. (14 January 2013). "Megaworld's biggest investment outside of Manila to restore Iloilo City's glory". Iloilo News Daily. Retrieved 21 January 2013.
  22. ^ Taclino, N. (20 December 2016). "Megaworld to open VIP Cinema at Festive Walk Mall Iloilo". NonoyNet. Retrieved 26 December 2016.
  23. ^ "Megaworld Corporation | Megaworld to open P2.2-B mall in Iloilo business park this year".
  24. ^ Soriano, E. (10 September 2015). "Iloilo: Next best haven for property investment in Visayas". The Philippine Star. Retrieved 18 September 2015.
  25. ^ Loyola, J. (30 June 2014). "Megaworld ramps up building construction at Iloilo business park". Manila Bulletin. Retrieved 18 September 2015.
  26. ^ "Landers Superstore to expand in Visayas with new store in Iloilo Business Park". Panay News. 2023-12-04. Retrieved 2024-06-23.
  27. ^ Rivas, Ralf (2022-01-10). "LOOK: Emperador's brandy museum opens in Iloilo City". RAPPLER. Retrieved 2024-06-23.
  28. ^ "P450-M Iloilo Convention Center launched today". The Philippine Star. 23 November 2012. Retrieved 21 January 2013.
  29. ^ "SUPERCARE MEDICAL SERVICES, INC. BREAKS GROUND IN ILOILO BUSINESS PARK, BOOSTING INVESTMENT AND JOB OPPORTUNITIES IN THE CITY – Iloilo City MICE". Retrieved 2024-06-23.
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