Megaworld Corp., the property development arm of businessman Andrew Tan, on Monday said it is spending some P20 billion for the construction of a new mixed-use facility on a property that used to be a horse race track in Manila.
“This commitment to revive the old beauty of Manila will be apparent in the designs of the commercial developments of this community. The beautiful architecture of the pre-war years will be seen in the Promenade, which is envisioned to become a major tourism destination in this side of Manila,” said Wilson Sy, Megaworld Manila’s first vice president and head of sales and marketing.
“Our new development is in a strategic location within the City of Manila. It is not only close to schools, but also to hospitals and public transport, such as the LRT,” Sy said.