FILINVEST Land, Inc. (FLI) has recently completed the three-storey podium that will serve as the commercial hub of its 100 West project, a mixed-use development within the Makati central business district.
The listed property developer said in a statement that the podium will serve as the link to 100 West’s residential and amenity area, allowing residents and tenants the convenience of having a shopping center nearby.
Located along Sen. Gil Puyat Ave. Corner Washington Street, 100 West offers a mix of residential, commercial, and office spaces. The 38-storey building sits on a 4,330-square meter lot, and is targeted to be completed by the fourth quarter of this year.
“The completion of the podium ascertains that we are on track in our target delivery date. We are confident that this milestone will further boost the confidence of investors who took prime advantage of the pre-selling stage and are now enjoying investment growth,” FLI Vice-President for Metro Manila Mixed-Use projects Cesarine Janette Cordero said in a statement.
FLI looks to open the doors of the podium mall by the end of this year. The company said tenants will include a mix of dining options, convenience stores, banks, services, and wellness shops.
Meanwhile, 100 West’s residential component consisting of 898 units will be located from the 14th to 38th floor. Units range in size from 29 to 61 square meters each, with prices from P4.5-P11 million. Each residential floor will have 35 units, 17 of which will have one bedroom and 18 with two bedrooms.
“Each Scandinavian-inspired condo unit combines functionality and luxury with its one-bedroom unit or a two-bedroom unit with flexi-room that can double as a personal office,” the company said.
The sixth to seventh floor of the tower will be reserved from podium parking for residents.
Amenities available to residents include a fitness gym and yoga room, kids central study room and games room, infinity pool and children’s play pool, playground and landscaped gardens, a sky deck, and sunset deck that features a pool bar and lounge areas.
For the office component, FLI is allotting four levels for business process outsourcing (BPO) firms. Cuts of the office spaces range from 1,000 sq.m. to 3,400 sq.m.
“These office spaces are equipped with fiber optic facilities, perfectly suited for outsourcing, IT and knowledge-based companies making 100 West an ideal office space development. Locators can look forward to an enviably located and convenient workplace provided with the practicalities of modern technology,” the company said.
FLI said the office spaces are set to be operational by the fourth quarter of 2018.
“With projects like 100 West, we offer more variety to investors. The integration of office spaces, residential and commercial units allows investors to easily tap the lucrative rental market of businesses looking to expand, or the growing millennial work force seeking accommodations near workplaces,” Ms. Cordero said.
FLI booked P1.51 billion in net income for the first quarter of 2018, 7% higher year on year after revenues grew 7% to P6.33 billion for the period. — Arra B. Francia