City okays application of 3 high-rise projects

Written By:  Kristianne Fusilero
Thursday, 16 February 2012
Category: Economy

The Office of City Building Official has approved three high-rise projects worth P184.868 million since January 2012.

Acting city building official Jaime G. Adalin said two of the projects are commercial while the other one is institutional. The office approved their applications for building permits, signaling the start of the construction of the projects.

Among the projects are the five-storey commercial building of AFP Mutual Benefits Association Inc. in Maya St., Ecoland; six-storey project of Bureau of Internal Revenue (BIR) in Bolton Street, and six-storey commercial building of Edsa 1 Real Estate Corp. in CM Recto St.

The biggest project in terms of cost is the proposal of BIR which amounts to P92.893 million.

Adalin said there are still more high-rise projects that are up for approval in the office. At present, the FTC Group of Companies Corp. has signified to construct 34-storey condominium with a leisure hotel dubbed as Aeon Towers along J. P. Laurel Ave.

“But the firm is yet to secure a building permit, pending the go signal from the Civil Aviation Authority of the Phils. on how many storeys are only allowed in the area where the project will be constructed,” he said.

Last year, the office approved 19 high rise projects.

Some of the approved projects last year were the 11-storey commercial building of Communities Davao Inc., eight-storey hotel of SM Investments Corp. in Lanang and 10-storey boutique hotel of Southcrest Hotel Ventures along the mixed-use Abreeza project in J.P. Laurel Ave.

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City okays application of 3 high-rise projects