Megaworld to invest P28 billion for Bacolod central business district development

MANILA, Philippines — Megaworld, the Andrew Tan-led property developer, is pouring in P28 billion to develop a 34-hectare central business district in Bacolod.

The 34-hectare The Upper East in the eastern district of the city is located a few blocks away from the Bacolod City Government Center. It will have residential condominiums, malls and commercial centers, mixed-use buildings, office towers and hotels.

Rachelle Peñaflorida, vice president for sales and marketing at Megaworld Bacolod, said The Upper East would be the city’s first masterplanned mixed-use community that integrates the live-work-play components of an integrated urban township.

Around 35 percent of the township will be dedicated to parks and open spaces.

“We are excited to build Bacolod’s new and modern central business and lifestyle district,” she said.

There will also be a transport hub, church, and a central Plaza.

 Another main highlight of the township will be the ‘iconic’ Casa de Emperador, a mixed-use structure featuring a unique architectural design.

There will also be a New York-inspired lifestyle mall composed of several interconnected structures that will provide diverse retail, entertainment and leisure offerings.

Among the first to be built in the township will be One Regis, a nine-story condominium development.

The mid-rise residential project will offer units ranging from studio of up to 37 square meters, one-bedroom of up to 58 sqm and two-bedroom units of up to 73 sqm with some units featuring a lanai, and an exclusive balcony that overlooks either the township’s landscape or the amenity deck’s pool and indoor park.

“One Regis will be located right across the township plaza and beside the iconic Casa de Emperador.  It will also be just a short walk away from the future mall development. Truly, it will be a perfect sanctuary for those wanting to live the township lifestyle that only Megaworld can offer in Bacolod City,” said Peñaflorida.

Located at the corner of Regis and Lexington Streets, One Regis will also have rows of commercial establishments at the ground floor with their own separate access points, she added.