Gramercy Residences holds groundbreaking

Century City Development Corporation, an affiliate of Century Properties Inc., the largest privately-owned property company in the Philippines, marked another milestone in real estate history. With the groundbreaking of The Gramercy Residences at the former International School Manila (ISM) property, located in Kalayaan Avenue, Makati City.

Presiding over the groundbreaking rites were CPI Chairman, Ambassador Jose E. B. Antonio; CPI chief operating officer John Victor R. Antonio, CPI managing director Marco R. Antonio, Meridien Development Group vice chairman Ricardo Cuerva, CPI corporate planning director Carlo R. Antonio, and Century City Development Corp. project manager Raul Alvarez. They were joined by guest of honor, Makati Rep. Teodoro Locsin Jr. and wife Louie Locsin; ISM Alumni Office Director Stephanie Hagedorn and alumni coordinator Grace Choy; Bgy. Poblacion Captain Joey Villena, and San Miguel Village Association president Tessie M. Fernandez.

The Gramercy Residences will be the first residential tower to rise in Century City, a 4.8-hectare property, which was the location of the ISM campus for almost half a century. The lot was awarded by the Privatization and Management Office (PMO) of the Philippines to a consortium led by Century Properties Inc. and Picar Holdings, which own 72.5 percent and 27.5 percent of the ISM property respectively.

True to its commitment to continue the world-class heritage of ISM, multi-awarded Century Properties envisions to build an architectural masterpiece in The Gramercy Residences. Its conceptual designer is the world-renowned Jerde Partnership with Filipino architectural firm Roger Villarosa Architects and Associates. Excavation for The Gramercy will start in November 2007, according to CCDC Project Director Raul Alvarez.

Fully-fitted, fully-furnished and fully-serviced units, a concept pioneered by the company, are among the biggest selling points of the project. It will also feature a six-level lifestyle and entertainment center.

For more information visit www.centurycity.com.ph or visit the model units at the 2nd Floor, Pacific Star Low-Rise, Sen. Gil Puyat cor. Makati Avenue, Makati City.