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Bacolod City, Philippines Tuesday, February 27, 2018
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P1.5B 3-tower condo to rise


The construction of a P1.5 billion 3-tower residential condominiumin Bacolod Citystarted this month and is expected to open by 2020 and give thousands of job opportunities to Negrenses, a real estate leader said yesterday.

Mesavirre Garden Residences, a project of Visayas-based real estate company, Cebu Landmasters Inc., already started construction on the first two towers two weeks ago, and are expected to open in the next two years, its chairman and chief executive officer Jose Soberano III said.

In a press conference at L’Fisher Hotel in Bacolod, Soberano, with chief operating officer Jose Franco Soberano and president Mike Torres, presented the features of the new mixed-use facility that will have a residential condominium, commercial area, and a international brand hotel.

Franco Soberano said this is the fifth of the Landmasters’ garden series with the others in Cebu, Cagayan de Oro and Davao.

The property, that will rise in the 3-hectare property, bought from the Sta. Clara Realty, along Lacson Street in Brgy. Bata, will have a three-tower condominium with 16, 19, and 18 storeys respectively, with 1,072 units and 209 parking units.

A grand launch of Mesavirre was also held yesterday after the press conference, that was attended by real estate stakeholders and Cebu Landmasters officials.

Mesavirre building A will have 16 storeys and 294 units, building B with 19 storeys and 442 units, and building C 18 storeys and 336 units and their costs range from P1.5 to P2 million each, he said.

The construction started two weeks ago and towers A and B will be finished in the fourth quarter of 2020, and tower C by 2021, he said.

The construction ofthe hotel will have a separate timeline and will be formally announced in the next months, he added.

“What will soon rise is not just a residential complex but also a refreshing community with garden-inspired amenities that is MesaVirre,” Jose Soberano said.


The chairman also said that before designing and executing the Mesavirre, they also considered the taste of Bacoleños as they have a “certain class” that should be considered.

“I still consider Bacolod as one of the cleanest cities. The city has a wholesome kind of attitude and that’s the kind of market we want to cater to,” he said.

Soberano said, “The people here (in Bacolod) are friendly but can be discriminating. There is a certain class in them that sets Bacoleños apart from the others.”

He also said that there are features they put in the Mesavirre that will fit their taste, adding that people in Bacolod cannot just be impressed by design but in the good execution.

“These gave us the great opportunity for our garden series to create green and open spaces in the area,” he said.


Franco Soberano also said that employment opportunities for the Negrenses starting from the construction of the building would also be big.

He said that this investment will employ local manpower with about 500 construction workers to build the tower, and more than a thousand if commercial spaces will be counted after Mesavirre will rise.

The contractor Abraham Lee Construction, has also been planning to acquire local employees to make sure that job opportunities for Bacolod and Negros will open, Jose Soberano said.

“The Abraham Lee has a lot of connections here in Negros. That is why we considered them our contractor to build the towers,” he said.

Apart from employment in the condominium itself, Franco Soberano also said that they have a lot of local real estate brokers that sell the units of Mesavirre and the response in the locality is positive.


Jose Soberano also pointed out that 85 percent of the total units in the building A have already been sold since they opened the sales two weeks ago.

He said that a 22 square-meter unit costs P80,000 to P85,000 per sq.m., and they only require at least P6,500 payment per month for 36 months.

With the rate of units being sold, they might open the selling of the building B in the next weeks or months, he added.

Theyare considering young families, as well as the 30,000 workforce in the Information Technology-Business Process Outsourcing (IT-BPO) as their market, Franco Soberano said.

“Being a homegrown company in Visayas and Mindanao, we believe that it is our advantage as we have a better understanding of how home ownership works here,” he said, adding “We move fast on delivery as we consider it as the best customer service.”*MLG


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