Cebu Landmasters are the lead developers or 38 Park Avenue Cebu
The site for 38 Park Avenue Cebu will be on the largest remaining private property at the IT Park, Lahug, Cebu which was recently acquired by a group of top Cebuano businessmen. This 1.17 hectare patch in the most valuable and prestigious address in Cebu and is set to be transformed into a mixed-use LIVE-WORK-PLAY urban park. The project is a joint venture under the umbrella of “El Camino” Developers Cebu, Inc., a consortium of 5 leading businesses: RKD Property Holdings Inc., Acrissor Development Corp., Gothong Southern Properties, 12SIKA Holdings, Inc., together with Cebu Landmasters who will be the lead developer.
This mixed-used urban park concept will be highlighted by 3 main components –
- High-rise Residential Condo
- Office Tower
- Retail boulevard featuring a Central Park
38 Park Ave. is slated to become one of the imposing landmarks in the city. Master-planned by Callison RTKL, the world’s top 3 architectural firm, and designed by Aidea, the Philippines top architectural practice, the project will deliver a proudly Cebuano-led project with world-class standards.
The partner businessmen signed a joint-venture agreement at a press conference on 17th October, 2016 at the Marriott Hotel in Cebu City and served a prelude to the grand unveiling of the entire development of 38 Park Avenue.
Phase 1 of 38 Park Avenue urban park in Cebu will be the residential condominium featuring a singular high-rise tower that stands at 40 storeys, the highest in the park and boasts of unparalleled 360 panoramic views of the city and beyond. The development will have high-end features and amenities but will be offered at upper mid-market price.
The retail boulevard will host food outlets, restaurants and convenience shops and to complement the live, work, play lifestyle of the park, which will certainly be the next “go to” place of the area. The strip will also feature a mini Central Park with its own internal boulevard to maximize accessibility and walkability within the enclave.
Phase 2 will be the modern office tower which will be announced later.