Avida boosts expansion in Cebu with second residential condominium
Avida Land, the affordable brand of property giant Ayala Land, Inc. (ALI) enters a new phase in its continuing expansion in Cebu, as it launches its second residential condominium in the city—Avida Towers Riala.
This follows the success of its first project, Avida Towers Cebu, which was launched in 2010 and has now sold out all of its 1,045 units.
Both developments are located in one of the primest areas in the city, Cebu I.T. Park. Cebu I.T. Park, formerly known as Asiatown I.T. Park, is the flagship project of Cebu Property Ventures and Development Corporation (CPVDC). It is a 27-hectare IT economic zone and a modern trading hub with global gateway. The park was recognized on April 6, 2000 by the Philippine Economic Zone Authority Board as an Information Technology park, and was granted Special Economic Zone Status by virtue of Presidential Proclamation No. 12 on February 27, 2001.
Cebu I.T. Park now vibrantly brings together top-class talent and technology in a community that was master-planned as a convergence of Asian architectural warmth and efficient Western functionality.
Avida Towers Riala will boast of five towers, compared to its predecessor's two towers. The shift to a bigger residential community is due to the increasing demand for condominium properties in an area with a rapidly growing outsourcing sector. The first tower of Avida Towers Riala has a total of 621 residential units, with 27 residential floors; it is now offering units to would-be residents, as well as investors.
Three types of units are available in Tower 1: Studio units at 23 sq.m.; 1-Bedroom inits at 41 sq. m. and 2-Bedroom units at approximately 56.6 sq.m., with price ranging from P1.8M-P5.5M.
Avida Towers Riala maximizes the mixed-use of the 21,246 sq.m. property, with additional shopping and dining outlets built into the property to provide convenient access to basic necessities.
The lower ground floor is comprised of exclusive residential parking slots and residential lobbies for Towers 1 and 2.
The upper ground floor includes the retail area and retail parking slots. Also found there are the multi-purpose hall; the residential lobbies for Towers 3, 4 and 5; and a 5,000-sq.m. amenity area that includes a grand lawn, lounge pool, shooting court and jogging trail. There are also three additional podium levels that will house exclusive residential parking slots. Located on top of the podium level is the amenity deck which houses the lap pool and kiddie pool, courtyards and private gardens.
Avida Towers Riala is located within Cebu Park District, the premier business, lifestyle and leisure destination in Cebu. Cebu Park District refers to the Cebu Business Park and Cebu I.T. Park - each one a complete destination comprising a dynamic whole. Cebu Business Park and Cebu I.T. Park are 1.5 kilometers apart and are strategically located relative to Cebu's economic drivers of Cebu. Both parks enjoy a critical mass of locators in the spheres of business, banking, finance, I.T. and tourism services, among others, as well as residential and commercial developments to complete the live-work-play dynamics within the community.
For more information on Avida Towers Riala, please call (032) 514 2322 or visit www.avidaland.com. You may also visit our showroom at Geonzon St., Cebu IT Park.