Extensive growth potential, increasing property values, unlimited opportunities – all in one location: Fort Bonifacio. We have truly become a global city. Let’s look into these 9 future developments that will shape our ever-evolving community in the years to come.
- Mega-Manila Subway
In agreement with Japan International Cooperation Agency (JICA), the country will finally have its FIRST underground mass transportation system connecting major business districts and government centers. This 260B project aims to ease traffic congestion, meet fast-rising transport demand, and reduce air pollution in the country’s premier urban center.
The first phase of the Metro Manila subway will be constructed using cutting edge Japanese tunneling technology and stretch from Mindanao Avenue in Quezon City to the Food Terminal Inc. (FTI) area in Taguig City, and will continue to the Ninoy Aquino International Airport (NAIA). This is expected to reduce travel time by 31 minutes and serve around 370,000 passengers daily in its initial year.
The Skytrain is a P3-billion automated cable-propelled monorail technology project by INFRACORP, a new company created by conglomerate Alliance Global Group Inc. It aims to provide safe, fast, and efficient transport for commuters. It is envisioned to connect Makati & Taguig the two largest business districts in the country need an efficient and fast transport system that is at par with what the other business districts in cosmopolitan cities like Tokyo and Sydney have.
The Skytrain would reduce travel time from the MRT Guadalupe Station to BGC and vice versa to only 5 minutes benefitting around 60,000 to 100,000 passengers daily going to and from Makati City and Taguig City. This project, along with other developments in Fort Bonifacio would definitely influence property value appreciation in the long-run.
3. BGC-Ortigas Link
To solve Metro Manila transport woes, one of the Build Build Build program of the Duterte administration is the BGC – Ortigas Center link road project, which is designed to improve accessibility among the cities of Pasig, Taguig, Mandaluyong, and Makati. Once completed by March 2020, travel time between the business districts of Pasig and commercial district of Taguig would take only 12 minutes.
4. Icone Tower
Arup and Henning Larsen Architects have signed a joint venture (JV) contract to deliver the detailed architectural and engineering design of the Icone Tower, a new iconic skyscraper that will be a landmark in the heart of Manila. It is located in Bonifacio Global City—a business district developed from former army camp, Fort Bonifacio.
The 56.790 m2 tower will stand 275m meters tall spanning 36 floors. It contains a gallery, a museum, an observatory, conference hall, restaurant and dining facilities as well as office spaces and a new corporate office for client BCDA. The middle floors of the tower will become attractive daylight infused workspaces, surrounded by social spaces, and atriums for larger tenants. At the top floors of the tower provides the city with a public Observatory accessed through the museum and gallery, while a strong sense of community is fostered around the plaza.
The Icone Tower is expected to be completed end of 2021.
5. Developments in McKinley West
Neighboring high-end communities like Forbes Park, Dasmariñas village, and Manila Polo Club, McKinley West is home to posh village and set to host private residences of St. Moritz, Park McKinley West, Albany, the regional headquarters of Fact Set, as well as the longest 24,000 sqm commercial mall in Fort Bonifacio.
6. Bonifacio South Pointe
The Bases Conversion and Development Authority (BCDA) is inviting proponents to participate in the Competitive Challenge for the selection of the joint venture partner in the development of the approximately 33-hectare Bonifacio South Pointe (Property) located along Lawton Avenue, Fort Bonifacio, Taguig City.
This area could be developed into a medium to high- density residential and mixed-used complex, with a strong institutional component. It has a maximum allowable floor area of 1.355 million sqm.
7. Widening of Lawton
The P 458 – million project for the widening of the Fort Bonifacio – Nichols Fiedl Road Phase 1 at site near intersection of Bayani Road and McKinley West will convert the existing four-lane road way into a six-lane highway.
8. New Senate Building
The planned transfer of the Senate to Fort Bonifacio is making progress, after the Senate and the Bases Conversion and Development Authority (BCDA) chose AECOM as the firm that would design the new building. The proposed site in Taguig is situated in a 20,000 sqm or two-hectare parcel of land at the former Navy Village, Fort Bonifacio.
It is expected that the opening of congressional session in 2021 would be held in the new building, which is eyed to be comparable to the United States Capitol, Germany’s Reichstag, and the Palace of Westminster, among other global political landmarks.
9. New Supreme Court Complex
The Supreme Court, the highest court in the Philippines, formally purchased a 21,463-square meter property located at the former Philippine Army Security Escort Group in Fort Bonifacio. A contemporary, eco-friendly design by Filipino architectural firm Mañosa & Company has won the International Conceptual Design Competition for the new Supreme Court complex that is expected to be completed by 2019.
To date, several reputable institutions have already relocated in Fort Bonifacio Central Business District:
- Philippine Stock Exchange (PSE)
- Philippine Chamber of Commerce Incorporated (PCCI)
- Intellectual Property Office (IPO)
- Academic institutions such as the University of the Philippines and De La Salle College
- JPMorgan Chase & Co. Headquarters
Meanwhile, others have also expressed their intentions to transfer to Taguig such as the Securities and Exchange Comminssion (SEC) and the Insurance Commision (IC).
For properties in Fort Bonifacio CBD, you may contact +(63)917 883 1588.
“In Fort Bonifacio, you are not buying a home, you are buying a lifestyle.”