Following the success of its Primavera Residences condominium project – the first such development in Cagayan de Oro City – Italpinas Euroasian Design and Eco-Development Corp. (ITPI) is spending $100 million (P4.3 billion) for a mixed-use development, to be called Primavera City.
The project is composed of 7 properties or buildings to be developed for a period of seven years in phases of two buildings at a time. It would have a residential component, commercial, retail, offices for business process outsourcing and a condotel tower. All told, it would have 1,300 residential units.
“Our idea is to have an integrated residential and commercial development,” said Romolo Nati, chairman and chief executive officer of Italpinas.
Featured in Malaya, 23 July 2014