MANILA, Philippines — Alveo Land is reigniting the real estate market in Bonifacio Global City with the launch of Park East Place, its 20th project in 20 years at the central business district.
The upscale property brand of Ayala Land Inc. (ALI), Alveo has an impressive portfolio within BGC’s master planned estate that have provided its discerning market with choice developments for living and working well.
Alveo’s landmark launch of Park East Place is the latest offering in one of the prime locations within BGC. Strategically located on the prominent corner of 32nd Street and 9th Avenue, this area houses BGC’s pioneer locators, such as St. Luke’s Medical Center, S&R Membership Club and MC Home Depot.
The successful launch of Park East Place will further enhance BGC’s dynamic cityscape. It sets a new record for Alveo Land, registering P6 billion in sales.
“The success of Park East Place’s project launch reaffirms Alveo’s presence in BGC. The extremely strong reception is a clear affirmation of Park East Place’s unique project concept, strategic location, and trust in the Alveo brand,” said Alveo Land president Mike Jugo.
As the 240-hectare BGC estate continues to develop and expand, key infrastructure projects drive further growth in the area. These include the recently opened BGC–Ortigas Link (Santa Monica–Lawton Bridge), as well as the proposed Metro Manila Subway.
Park East Place is a modern visual masterpiece designed in collaboration between local architectural firm Aidea and foreign design consultant Smith Group. The residential skyscraper features distinctive design elements such as stone columns, decorative aluminum cladding and an amenity podium highlighted with angled fins.
The exterior also boasts of a high glass ratio, contributing to a truly striking visual appearance. Another unique architectural feature is a nine-meter glass crown that will distinguish it among the structures in the BGC skyline.
Park East Place will have 59 physical floors, with 53 residential floors and a total of 523 units. Eight floors will be dedicated parking spaces – three basement levels and five podium parking levels. This is also the developer’s first project with an electric vehicle (EV) parking system in place.
This signature tower has a maximum of 10 units to a floor, ranging from approximately 61 to 131 square meters. All units will have balconies. Spacious configurations of one to three bedrooms include a range hood, a multi-point water heater, Kohler toilet fixtures, as well as split-type air conditioning for all main rooms (living room and bedrooms).
Most of the community’s exclusive amenities are housed in the 7th floor podium, enhanced with a residents’ lounge that serves as a transition between the indoors and outdoors. Featuring carefully curated designer furniture pieces decked out in natural finishes of stone and wood, the ground level also features a similar lounge complementing the 400-square-meter entry lobby and drop-off lounge for a distinctly inviting setting.
Park East Place is slated for completion by 2030.
Alveo Land officials (from left) GM for North Operations Anton Sanchez, COO Rufino Gutierrez, marketing head Sharleen Chua and president Mike Jugo stand beside a scale model of Park East Place, the company’s 20th project in 20 years at BGC.