11 Oct Italpinas to Build P653-M Primavera City in CDO, Construction of Phase 1 Already Started
Primavera City, ITALPINAS Development Corporation’s another mixed-use condominium project which received an award from the Climate Technology Initiative Private Financing Advisory Network (CTI PFAN) has started the construction of its Phase 1 last October 1, 2016.
Last February 22, 2013, the project was recognized as one of the top ten “most promising clean energy investment opportunities” in a competition held in Singapore. It triumphed over other 100 clean energy projects across Asia, being the only real estate project comprising seven mixed-use residential and commercial buildings with active and passive green features and using massive solar panel array at the rooftop of the building.
Similar with its first project that was completed in 2014 which is the Primavera Residences, Primavera City is also located near SM City Cagayan de Oro. Specifically located at what is considered a certified economic zone, Block 20, Pueblo de Oro Business Park in Upper Carmen.
The Asian Development Bank (ADB), and the United States Agency for International Development (USAID) are its funding partners.
“We are very happy for the acceptance of the buyers for our project. As with the Primavera Residences, we are putting all our full efforts in the Primavera City and we hope that it receives the same success as our first project here in Cagayan de Oro,” said the president of Italpinas Jose Leviste III.
Italpinas has invested P653 million for the 11-storey two-tower construction of Primavera City which will have nine floors of residential units, one floor for commercial use, and one floor for office tenants.
To be implemented in four phases, the first two buildings has started its construction and is expected to be finished by the end of 2018.