In a bid to live up fully to its avowed commitment to green building practices and sustainable property development, ITPI Corp. (ItalPinas Euroasian Design and Eco-Development) has chosen to entrust the construction of the second tower of its Primavera Residences to a green-certified construction firm.
ITPI has entrusted the construction of Primavera Residences Tower B to the First Orient Development and Construction Corporation (FODC), a reputable engineering and construction company that is certified by global green and business certification bodies. This second tower is expected to be completed by the third quarter of 2014.
FODC is LEED (Leadership in Energy and Environmental Design) -certified. This means that all its projects satisfy stringent environmental standards throughout their entire building lifecycles. The LEED program also provides third-party verification of green buildings and recognizes best-in-class building strategies. LEED Certification is given by the US Green Building Council (USGBC).
“We wanted to find a construction firm that is consistent with ITPI’s commitment to protecting the environment, which is why we chose FODC,” said Engineer Rolly Policarpio, the president of Manila-based Prompt Managers & Construction Services, Inc., which has been commissioned by ITPI to manage the construction of Primavera Residences.
Manila-based FODC is also a bigger and highly qualified firm, the ITPI construction manager said.
ITPI chose FODC also because protecting the environmental and safeguarding human life are both explicitly included in its mission statement, Policarpio said.
Construction is on schedule, he also said, adding that up to the fourth floor of Tower B has been completed as of the end of November 2013.
Primavera Residences is ITPI’s eco-friendly condominium development at the Pueblo de Oro Business Park in Cagayan de Oro City. It is made up of two 10-storey towers, both of which incorporate a state-of-the-art energy-saving design that cuts building energy consumption by up to 30 percent.
Tower B will provide 166 residential units to serve young urban professionals, families of overseas Filipino workers (OFWs), balikbayans, expatriates and other buyers. Units are now pre-selling.
Meanwhile, Tower A, which has a total of 161 units, was completed and launched in July 2012.
To date, over 200 units from both towers have been sold. 2-bedroom units sell for around PhP4.8 million, while smaller-cut 1-bedroom units sell for PhP2.1 million.
FODC is also prequalified by Dun & Bradstreet Philippines Inc., a global leader in business intelligence that helps firms mitigate credit and supplier risk, increase cash flow, drive increased profitability, increase revenue and expand business opportunities.
A version of this story was also published by BusinessWeek Mindanao
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