Premier real estate developer Federal Land NRE Global Inc. (FNG) recently broke ground for its newest community development in Mandaluyong City. The milestone event marks the official start of construction of The Observatory, a 4.5-hectare mixed-use development project located along Pioneer Street, in Mandaluyong City right across the river from Bonifacio Global City (BGC).
The latest joint venture between Filipino and Japanese real estate giants Federal Land and Nomura Real Estate Development Co., Ltd. will give future residents easy accessibility to key business districts in the metro. The Observatory’s first residential tower, Sora Tower, will be composed of studio to penthouse units of varying sizes catering to diverse preferences.
The groundbreaking ceremony held on May 3, 2024, was graced by Mandaluyong local government officials and Federal Land NRE Global executives, including Sales Group Head Maria Margarita Saenz-Resurreccion, Urban Planning & Design Group Head Arch. Gilbert Berba, Executive Advisor Masaya Hirao, Sr. Management Advisor Yasuhiro Ohira, President and COO Thomas F. Mirasol, Vice Chairman Yusuke Hirano, Chairman Alfred V. Ty, Mandaluyong City Mayor Hon. Mayor Benjamin Abalos Sr., and Mandaluyong City Vice Mayor Hon. Carmelita Abalos.
Strategically advantageous locale
The Observatory will offer a modern retreat for city dwellers emphasizing convenience and comfort in a strategically advantageous locale in Mandaluyong. The property will rise in the middle of three major Central Business Districts – Makati Central Business District, Bonifacio Global City and Ortigas Center through EDSA and the BGC-Ortigas Link Bridge.
A total of 650 units will be available in the first residential tower, spanning cozy studios to lofty penthouse units. Unit sizes range from compact Studios (28-33.5 sqm), 1BRs (45.5-61.5 sqm), 2BRs (65-87 sqm), 3BRs (137-148 sqm), to expansive Penthouses (155.5 –205 sqm) for the top brass.
Historical data from Leechiu Property Consultants reveal a consistent price increase in vertical developments in Mandaluyong. With the city’s ongoing urban development, diverse real estate options, and robust business environment, the central location offers an attractive destination for property investment with strong potential for appreciation.
Soaring to greater heights
Taking inspiration from the Philippine eagle, The Observatory envisions itself to be “a vantage point of Metro Manila and a thriving community in a sustainable environment” while equipped with the latest in Japanese technology.
The first residential tower, Sora Tower, which gets its name from the Japanese term for “sky” will incorporate Japanese efficiency and functionality into each unit to match the urban culture and fast-paced lifestyle of Metro Manila.
Each unit will be thoughtfully designed with units adapting to suit the changing needs of modern clientele, including built-in Japanese fixtures, multi-functional modular elements, and innovative space-saving storage solutions. According to developers, residents can expect the best of Japanese city culture, with each of the residential tower’s amenities evoking the spirit of districts such as Tokyo, Hokkaido, Kyoto, and Osaka.
Planned indoor amenities include a Garden Lobby, Co-working / Business Center, Yoga Studio, Fitness Gym, Entertainment Room and Function Room. Outdoor amenities include a Swimming Pool, Children’s Pool, Children’s Play Area, Pet Park, a Garden and Outdoor Lounge.
Elevated urban living
Located just across the Pasig River from BGC, The Observatory promises to be a space for dynamic urban culture to thrive.
The Observatory will be located near various medical facilities such as Makati Medical Center, and The Medical City and St. Luke’s Medical Center. Prime educational institutions nearby include Ateneo Professional Schools, St. Pedro Poveda College and University of Asia & The Pacific. For business professionals, the tower is located close to offices and headquarters of the Asian Development Bank, the Philippine Stock Exchange, and Google, among others. Residents can also enjoy nearby leisure spaces such as Ayala Center, The Podium, and MITSUKOSHI BGC.
Along with the residential towers, The Observatory will also be home to an office building and curated retail spaces – providing panoramic views of the iconic BGC skyline from the riverside.
The Observatory’s first residential tower, Sora Tower is scheduled for turnover in 2030. For more information, visit https://fng.ph/.
