Ayala Land, Inc. (ALI) is investing P8 billion for the development of an 11-hectare pocket urban development in Quezon City, its second small-scale estate after Cloverleaf.
Manny Blas, vice president, Strategic Lanbdbank Management Group at ALI , said The Junction Place between Quirino Highway and Tandang Sora avenue fulfills the company ‘s aim to reach a much wider market and not just the high-end segment.
Blas said ALI sees opportunity in developing small estates in Metro Manila where large tracts of land are rare.
Though small, Blas said, such projects have a huge impact on the community.
To rise on the former factory site of Rubberworld Inc. in Barangay Talipapa, The Junction Place is adding value to the community with the construction of a P60-million bridge/spine road connecting Quirino highway and Tandang Sora avenue.
The project broke ground October 23 and will be completed in 2022
The community will host five towers of Amaia Steps and a commercial area that will complement the existing businesses of the densely populated area. It will have Walter Mart as its anchor retail and a transportation terminal.