A PHP1-billion mixed-use real estate development project of one of the country’s largest developers, will rise along Roxas Avenue in Barangay Triangulo, Naga City.
Mayor Nelson Legacion, in an interview on Wednesday, said the Filinvest Land Incorporated project goes along with the plan of the city government to provide more modern and environment-friendly accommodation facilities to locals and those who frequently visit or wish to reside in the city.
“The project is expected also to bring employment opportunities to the Nagueños aside from boosting further the city’s socio-economy,” he said.
Legacion said the scale model of the project showed four eight-story buildings to be constructed on a 1.9-hectare lot as a smart-value residential condominium.
Tristan Las Marias, president and chief strategy officer of Filinvest Land, in a post on the Teodoro Realty website, said “Naga is one of the country’s fastest-growing cities in the country and is no doubt the center of commerce and culture of Bicol. Our investment in Naga does not only exemplify our relentless commitment to building the Filipino dream across the archipelago but also cements what we hope to be a close partnership with Naga from now on.”
City Councilor Jose Perez, chair of the Committee on Investment, Trade, Industry, and Economic Enterprise at the Sangguniang Panlungsod, in a statement, said the city’s good peace and order condition has facilitated the growth of investments that enables it to generate more employment opportunities and attract more tourists.
He also recognized the presence of different educational institutions that can immediately respond to the needs of various businesses and ventures for human resources. (PNA)
