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Cebu Business Park

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Cebu Business Park
Central Business District
Skyline
Archbishop Reyes Avenue
Ayala Center Cebu
View of the business park from Fuente Hotel de Cebu
Map
Cebu Business Park is located in Metro Cebu
Cebu Business Park
Cebu Business Park
Coordinates: 10°18′57″N 123°54′21″E / 10.31583°N 123.90583°E / 10.31583; 123.90583
CountryPhilippines
RegionCentral Visayas
ProvinceCebu
CityCebu City
Area
 • Total
0.50 km2 (0.19 sq mi)
Population
 (2015)
 • Total
816
 • Density1,600/km2 (4,200/sq mi)
Time zoneUTC+8 (PST)
WebsiteOfficial website

Cebu Business Park (CBP) is a 50-hectare master-planned development in Cebu City, Cebu, Philippines. Cebu Holdings, an affiliate of Ayala Land, is currently responsible for the development of Cebu Business Park. Integrating business, residential, sports, recreation and leisure facilities, the centerpiece of the business park is the 9-hectare Ayala Center Cebu shopping mall, which draws 60,000 shoppers daily.[1][2]

History

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In the late 1980s, the Cebu provincial government headed by Governor Lito Osmeña sold its 45-hectare property used as the Club Filipino golf course to the Ayala Corporation.[3] The Cebu Business Park was launched in 1989 with 100 commercial lots for sale, with Ayala Corporation, through its subsidiary, Cebu Holdings, retaining spaces for their own development.[4] The development features for the Cebu Business Park were incorporated into the 1990 zoning ordinance of Cebu City. Land development work on the business park was completed in 1992.[3] The very first building to rise in the park was the Cebu Holdings Center, an office condominium nine stories high, followed by Ayala Center Cebu in 1994, and a Marriott Hotel in 1997 (now a Seda Hotel).[4]

Businesses

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Skyline of Cebu Business Park as 2022.

As one of Cebu City's premier business and commercial districts, Cebu Business Park houses several companies ranging from business process outsourcing to industries. Among them are Innove Communications, Vivant Corporation, Johndorf Ventures Corporation, Taft Property, SGV & Co., Joaquin Cunanan & Co./PricewaterhouseCoopers, Regus, Jinisys Software, Taiheiyo Cement, and Cathay Pacific. The business park is also home to local and foreign banking and financial institutions such as HSBC, Citibank, Chinatrust Bank, BDO, Metrobank, LandBank, RCBC, Security Bank, PSBank, Chinabank, UnionBank and Asia United Bank.[5]

Residential

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Cebu Business Park hosts residential areas such as Ayala Land developments mostly within the immediate vicinity of Ayala Center Cebu. Across the mall is Avalon Condo Cebu, a 21-story premium condominium complex. 1016 Residences, a 27-story condominium building,[6] offers 109 exclusive two to three-bedroom units. There are also limited edition penthouse units with price ranging from ₱10 million to ₱45 million. The development features landscaped gardens, a kiddie play area, lobby lounge, roof deck and a sports facility.[7] There is also Park Point Residences, a 38-story condominium building offering 255 one- and two-bedroom units to three-bedroom penthouse units.[8][9] Alongside the two developments is the more recent The Alcoves, another luxury condominium spanning two residential blocks and scaling up to 37 stories featuring one- to three-unit bedrooms.[10] Other developments include 21-story Sedona Parc[11] and three-towered Solinea,[12] residential projects by Alveo Land,[13] and a subsidiary of Ayala Land.

See also

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References

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  1. ^ Q and A's Archived 2007-03-15 at the Wayback Machine
  2. ^ News Item[usurped]
  3. ^ a b News Item[usurped]
  4. ^ a b Lara, Tanya T. (February 27, 2011). "Cebu Business Park: Cebu's premier district". The Philippine Star. Retrieved June 28, 2021.
  5. ^ PhilippineCompanies. "Businesses in Cebu Business Park". Retrieved 19 September 2015.
  6. ^ Yap, A. G. (1 February 2013). "Ayala Land, CHI to pour in P1.6B to tower project". Cebu Daily News. Retrieved 19 September 2015.
  7. ^ "1016 Residences: Cebu's luxury address". The Philippine Star. 27 February 2011. Retrieved 19 September 2015.
  8. ^ Yap, A. G. (13 July 2012). "Ayala Land to pour P2 billion into condo project at Cebu Business Park". Cebu Daily News. Retrieved 19 September 2015.
  9. ^ "Ayala Land launches Park Point Residences". The Freeman. 18 July 2012. Retrieved 19 September 2015.
  10. ^ Mercurio, R. S. (21 August 2015). "The Alcoves raises the bar in upscale living in Cebu". The Philippine Star. Retrieved 19 September 2015.
  11. ^ Yap, A. G. (14 October 2011). "New projects expected in Cebu Business Park, IT Park". Cebu Daily News. Retrieved 19 September 2015.
  12. ^ Mercurio, R. S. (4 September 2015). "Alveo elevates stature as preferred developer in Cebu". The Philippine Star. Retrieved 19 September 2015.
  13. ^ "Alveo Land brings expertise to Cebu". Manila Bulletin. 14 September 2015. Retrieved 19 September 2015.
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