Alveo—the upscale property brand of Ayala Land Inc. (ALI)—makes a strong comeback in Bonifacio Global City (BGC) with its latest residential offering, Park East Place, to rise in yet another prime location in BGC.
Strategically located on the prominent corner of 32nd Street and 9th Avenue, this area houses BGC’s pioneer locators, such as St. Luke’s Medical Center, S&R Membership Club and MC Home Depot.
“The success of Park East Place’s project launch reaffirms Alveo’s presence in BGC. The extremely strong reception is a clear affirmation of Park East Place’s unique project concept, strategic location, and trust in the Alveo brand.” says Alveo Land president Mike Jugo in a recent press briefing.
He added that Alveo’s last project in BGC was way back in 2015, the Park Triangle.
Record-setting milestone
Park East Place has already set a new record for Alveo Land, registering P6 billion in sales, attributed to the strong brand Alveo is known for and the project’s location.
The location is distinct, especially in a high-end district like BGC.
Along 32nd Street are renowned office buildings such as The Curve BGC, The Globe Tower, Eco Prime, Eco Tower, Menarco, IBM One World Place, Bonifacio Stopover Corporate Center, as well as Alveo office developments Alveo Park Triangle Tower and Park Triangle Corporate Plaza.
9th Avenue, on the other hand, is the major North-South axis connecting retail and lifestyle areas in the 800-meter-long Bonifacio High Street such as One BHS and Market!Market! malls to commercial areas like Uptown Mall, and Mitsukoshi. There are also prestigious hotels like Seda BGC, Shangri-La The Fort, and Grand Hyatt Manila.
Numerous parks and open spaces are also within easy access, such as the 4,600-square-meter BGC Turf conveniently located behind Park East Place, Track 30th, Terra Park 28th Street, and Burgos Circle Park.
As the 240-hectare BGC estate continues to develop and expand, key infrastructure projects drive further growth in the area. These include the recently opened BGC–Ortigas Link (Santa Monica–Lawton Bridge), as well as the proposed Metro Manila Subway.
A modern visual masterpiece
The project itself is another treat from Alveo.
Indeed, Park East Place is a modern visual masterpiece designed in collaboration between local architectural firm Aidea and foreign design consultant Smith Group. The residential skyscraper features distinctive design elements such as stone columns, decorative aluminum cladding and an amenity podium highlighted with angled fins.
The exterior also boasts of a high glass ratio, contributing to a truly striking visual appearance. Another unique architectural feature is a nine-meter glass crown that will distinguish it among the structures in the BGC skyline.
This signature tower has a maximum of 10 units to a floor, ranging from approximately 61 to 131 square meters. All units will have balconies. Spacious configurations of one to three bedrooms include a range hood, a multi-point water heater, Kohler toilet fixtures, as well as split-type air conditioning for all main rooms (living room and bedrooms).
Most of the community’s exclusive amenities are housed in the 7th floor podium, enhanced with a residents’ lounge that serves as a transition between the indoors and outdoors. Featuring carefully curated designer furniture pieces decked out in natural finishes of stone and wood, the ground level also features a similar lounge complementing the 400-square-meter entry lobby and drop-off lounge for a distinctly inviting setting.
Park East Place is slated for completion by 2030.