Italpinas Development Corp. (IDC) is developing a P1.2-billion project in Cagayan de Oro City through a joint venture with the Go family, one of the prominent business clans in the area.
To be called the Verona Green Apartments, the project consists of four-storey walk-up green buildings, offering both residential and commercial space.
The project will rise on an 11,327-square meter (sq.m.) property owned by the Go family in flood-free Uptown Cagayan de Oro City.
The new project site is located near IDC’s existing developments (Primavera Residences and Primavera City), enabling the company to leverage its well-established knowledge of the local area and its dynamic market conditions, the company said.
Romolo Nati, IDC chairman, said Verona Green Apartments will use the Excellence In Design for Greater Efficiencies (EDGE) for its green certification ratings. The Primavera City and Primavera Residences have also used the EDGE ratings system.
All studio units are designed to have a 23-sq.m. space with a balcony. The project is planned to be completed in two phases, and is currently designed to consist of about 900 residential units and around 50 commercial spaces,” IDC said.
