Central business district in Central Visayas, Philippines
Mactan Newtown, is a 30-hectare (74-acre) mixed-use, master-planned central business district located in Lapu-Lapu City, Cebu, Philippines.[1] It is the first integrated township development built by Megaworld Corporation outside of Metro Manila,[2] and caters facilities and establishments such as condominiums, hotels, business process outsourcing office towers, a lifestyle mall, a school, a convention center, and a beachfront.[3][4]
In 2014, Megaworld increased its investment on the township development from ₱20 billion, to ₱30 billion after forming a joint venture (JV) with Landmark Inc. for the development of an 11.5-hectare beachfront property, which expanded the Mactan Newtown development from 16.8 hectares to 28.8 hectares.[5][6]
Commercial
Mactan Newtown Beach Walk
The Mactan Newtown will include commercial establishments, such as the Mactan Newtown Beach Walk. The two-level lifestyle mall will be situated on a beachside cliff and will highlight a 1.4-hectare man-made lagoon, a 3-story boutique hotel, garden chapel, beach walk, and rows of retail shops and restaurants including four cinemas. Megaworld was projected to spend ₱1.5 billion to construct the Mactan Newtown Beach Walk, which was expected to be completed by 2021.[7]
Residential
The Mactan Newtown caters multiple residential developments. Such as the 8 Newton Boulevard, which includes four 18-stories high towers,[8] One Pacific Residence, La Victoria Global Residences, a 20-story condominium building that will include 181 units,[9] and The Pearl Global Residences, a 20-story condominium that will add 222 units from the Mactan Newtown's 1,836 existing residential units from its inventory.[10]
References