Ayala Land Inc. is set to build a 200-hectare mixed-use estate which is anticipated to be the next central business district (CBD) in the south named “Evo City”. The property giant will be grooming the area to take full advantage of the major infrastructure plans and economic rise in the metro south. The project is under Alveo Land, Ayala Land Inc.’s upper middle segment developer.
The first phase of the development was opened on Thursday, May 11, 2017. Under Phase 1 is the residential subdivision named “The Residences” seen to bring about P7.4 Billion in sales. The Residences will occupy the 42-hectares of Evo City, with only 760 lots to be offered to the market. There will be 395 lots to be opened for pre-selling, with a minimum lot size of 295-sqm. and a maximum of 326-sqm. The average selling price per square meter is PHP30,000, while the average contract price is PHP9.7 million. Turnover of the lots will take place by 2020.
The amenities of the gated village will include a main park and smaller cluster parks located around the residential area. Along with this is a clubhouse that boasts a function room and board room, a lap pool, lounge pool and a children’s pool.
As part of their master plan, Evo City will also build a lifestyle mall by the Ayala Malls Group, a hotel by Ayala Hotels and Resorts Corporation, office developments by Ayala Land Offices, and residential offerings by Alveo Land. Completing the estate are civic space for parks and plazas, a school, church, and hospital. Furthermore, Ayala companies such as Globe Telecom and Manila Water will be lending their expertise in establishing the communication and water systems for a more comfortable environment dedicated to its residents.
“The Residences at Evo City will offer the ideal living experience in the South. With the seamless synergy of all the Ayala brands involved, Evo City will become a prime CBD that will drive growth and progress in Cavite,” Alveo Land President Jennylle Tupaz stated.
The development lies within the borders of Centennial Road, Kalayaan Road and the soon-to-be-developed Cavite-Laguna Expressway (CALAX). The site is currently reachable via CAVITEX, C-5, EDSA, SLEX and NAIA Expressway. Provided this easier road accessibility, the travel time from Evo City to Manila is estimated to be less than an hour away. The Residences will be sought after not only by the population in Cavite, but also from clients outside the province due to its strategic location.
According to Tupaz, the name “Evo” was derived from the word “evolution” as the mixed-use development is expected to bring thriving business opportunities and economic growth in the area.