Two titans in the real estate industry have joined forces to put up The Estate, possibly the country’s most luxurious residential development, in the heart of the Makati CBD.
The joint project between SM Development Corporation (SMDC) and Federal Land, the real estate arm of the Metrobank Group, is currently rising along Ayala Avenue and is expected to be completed and ready for turnover by 2023. SMDC’s Hans Sy Jr. and Federal Land’s Tom Mirasol were both on hand to formally present the new development to select members of the local media during a luncheon held at Sala Restaurant in Makati recently.
“A home in the sky” is how the developers describe The Estate. Rising 53 stories above street level, the structure will house a total of 188 residential units, ranging from 151-sqm. apartments to a massive 763-sqm. super penthouse at the top.
Privacy is a key consideration in the development of The Estate, as its main entrance is positioned two levels above the street and lush greenery screens it from the public eye. Likewise, all transactions and deliveries are made within the public spaces of the development, ensuring that only residents have access to the units above.
The Estate also boasts of facilities where residents can entertain in grand style: there is a space for everyone, from the relaxing poolside, to small and intimate function rooms for corporate conferences, to the sky lounge on the 25th floor with its own wine storage space and butler service.
Aside from the luxe factor involved in the development, The Estate’s overall design was conceptualised by Foster + Partners, the British firm established by Pritzker Prize-winning architect Sir Norman Foster, putting it in the same category as such iconic structures as The Gherkin in London and the HSBC Headquarters in Hong Kong.
Already over 50 percent sold at press time, it is expected that The Estate will be completed and turned over to potential residents by 2023.