Unicorn startup Revolution Precrafted Inc. has partnered with publicly-listed Boulevard Holdings Inc. (BHI) for the development of a new resort and residential complex in Puerto Azul Resort and Golf Club.
Robbie Antonio, Revolution Precrafted founder and chief executive officer, in a statement said the company has signed a development and sales contract with BHI for the development of Rogue Resorts and Residences, a 13-hectare project which will have direct access to the serene and secluded Paniman cove.
Antonio said an initial 3.4 hectares will be developed as part of the first phase featuring a total of 783 luxurious condominium units, cluster homes, villas and curated units.
Antonio said the first phase alone will yield at least P3.4 billion in sales revenues.
The first phase will be developed in the next two years, while the remaining 9 hectares will be developed in the next five years depending on market demand, he added.
The main attractions of the development, Antonio said are the stylish beach club and glamping accommodations to be placed at the 122-meter beachfront owned by Rogue Resorts.
” We have plans to enter into an asset-management agreement with the homeowners in case they want to lease their units to guests,” Antonio added.
Rogue Resorts and Residences is also being positioned as an eco-sustainable complex with eco-friendly amenities and tours to celebrate the natural beauty of Paniman beach.
Mike Panlilio, BHI senior vice president for hotel operations, said the company is in continued talks with Revolution Precrafted for other portions of the Puerto Azul property.