Avida Towers Vita, the first residential development to rise in Vertis North, represents life and new beginnings. Owning a home is one of every Filipino’s greatest achievements and this is an option Avida is providing in this unique address especially to young families, married couples and young professionals who would like to be independent and make the right investment the first time around.
Avida Towers Vita represents Avida’s promise to provide quality living experience locating residents close to everything they need—a walk away from commercial establishments, possibly their future place of work or business, and a park that could just be an extension of their living space.
Strategically situated at the center of the economic hub of Quezon City, with superior access to major transportation channels, and with facilities to support 24/7 tenant operations, Corporate Center 1 and 2 shall offer a prestigious, ideal yet distinct work environment.
The two high-rise office buildings stacked on top of the retail component will have a total of 103,859 sqm of gross floor area. Each building will have about 20 floors yielding a total of 82,720 sqm of gross leasable area. Parking requirement will follow the National Building Code of 1 slot for every 70 sqms GLA.
Positioned as the preferred lifestyle mall in Quezon City, this will serve as a convergence center of residents and office workers in a comfortable and relaxed atmosphere. The basic shopping needs of the market shall be fulfilled by the anchors, while the discerning customers will have an array of top-tier retail brands and dining options that will be showcased in specialized zones. With over 200 stores, the mall will have a gross floor area of 57,000 sqm. (gross leasable area of 45,000 sqm.), inclusive of an anchor department store and supermarket.
Seda Vertis North is a single tower hotel development that aims to be the Lifestyle Hotel choice in Quezon City for discerning business and leisure travellers accustomed to higher levels of product and service. Complementing and enhancing the District's active atmosphere, Seda Vertis North will be the largest Seda Hotel thus far with 440 rooms complete with guestroom and suite amenities.
About Vertis Northclose X
Vertis North is the city center of Quezon City. Uniquely located and masterfully planned, Vertis North unifies the city’s resources in an engine of dynamic growth. The North Triangle property on which Vertis North stands spans 45 hectares of prime land, inclusive of TriNoma. It is a location of unparalleled strategic importance, bound by EDSA, Agham Road, and North Avenue. Masterplanned by Ayala Land in a joint venture with the National Housing Authority, Vertis North is the nucleus of a uniquely entrepreneurial city.
VERTIS NORTH FAQsclose X
1. How did Ayala Land acquire the North Triangle property?
The National Housing Authority (NHA) conducted a public bidding on Oct. 3, 2008 to attract potential Joint Venture partners for the development of the 29.18–hectare property. The first bidding was declared a failure after only one bidder submitted an “interest to bid.”A second bidding conducted on Nov. 10, 2008 was also declared a failure when, out of the two prospective bidders, only Ayala Land submitted eligibility requirements.
After two failed bids, NHA management decided to pursue a limited negotiation process adhering to the NEDA JV Guidelines. Ayala Land was declared eligible to submit a proposal. On Mar. 27, 2009, the Company submitted a technical and financial proposal compliant with the terms and conditions set by the NHA.
A Joint Venture Agreement was executed on Aug. 27, 2009.
2. What is the coverage of the Ayala Land-NHA North Triangle project?
The area covered by the Joint Venture Agreement between Ayala Land and the NHA comprise a 29.18-hectare land area bounded by EDSA, TriNoma, North Avenue, and Agham Road.
3. Is Manila Seedling part of the Ayala Land project?
No, the Manila Seedling property is not covered by the Ayala Land – NHA JVA and is not within the 29.18 hectare it is developing.
4. Why does QC need a Central Business District when there are other existing business centers and residential developments in the area?
Quezon City is the biggest city in Metro Manila in terms of land area and population, yet it does not have a fully-integrated Central Business District - an efficient complex that will attract investments, spur enterprise, and provide employment opportunities for more people.
In 2006, the Quezon City government and the Urban Triangle Development Commission (TriDev) pioneered a comprehensive framework for the development of the Quezon City Central Business District (QC-CBD). Through a study conducted by the World Bank, a 250.6 hectare area comprising the North Triangle, East Triangle and Veterans Hospital compound was identified as the site of QC-CBD. Through Executive Order No. 620, the QC-CBD was designated as a priority project of the Philippine government.
With its proximity to major transit lines, educational institutions, media and government offices, as well as public parks, the study also identified the North Triangle as a key component for commercial and high value uses. It also noted the importance of a successful relocation program for informal settlers to ensure the success of the QC-CBD.
5. What is the vision for the development and how is Quezon City going to benefit from the project?
Vertis North is an integrated, mixed-use, transit-oriented development that combines office, retail, residential, hotel, and institutional components. The project is expected to be completed within a 10-15 year period with a total investment of P65B. With a total Gross Floor Area of about 2 million square meters, or about 2/3 of the current built-up GFA of Bonifacio Global City, Vertis North is expected to significantly contribute to the overall economic growth of Quezon City. It will attract new investments, generate income for the government, and create employment opportunities for thousands of Filipinos.
At full development, Vertis North would have created over 170,000 new jobs. By 2015, an estimated 3,500 construction-related jobs will be filled for various projects programmed during the first phase of the development. National government, through the NHA will also generate over P11B in revenues which will allow them to provide housing and livelihood opportunities to 55,000 families.
6. What are the ongoing developments on site?
Ayala Land is currently completing land development works and installation of vital utilities such as electrical, water, drainage, and sewer systems. The Company recently broke ground on Phase 1 which includes a lifestyle mall that will complement TriNoma, two office buildings, a 438-room Seda Vertis, which will be the largest hotel in QC, and three Avida residential towers. Another condominium project will be launched in 2Q of 2014.
7. What technologies were utilized in Vertis North to mitigate impact on the environment?
Vertis North incorporates an innovative Storm Water Management System that features water retention facilities in the form of “infiltration stripes” and detention ponds.The detention pond will be located within a 2-hectare park and green space in the middle of the development.
These features function similarly to green spaces and trees in the natural environment by slowing down the flow of stormwater going to the city’s waterways. Reducing storm water speed minimizes the effects of flooding in the area and adjacent low-lying communities. It also allows more time for water to naturally evaporate in the air, as well as get absorbed by the ground. Additionally, these facilities function as tree wells and greenery similar to landscaped buffers along our sidewalks.
Vertis North also features an integrated basement parking facility that doubles the road capacity of the project by creating a secondary roadway underground. This should reduce vehicular traffic on the street level and promote “pedestrianization.” More importantly, the integrated parking facility maximizes the use of shared space by the different developments in the CBD.
High density, mixed-used developments that integrate living, working and leisure spaces within one efficient complex provide a sustainable environment bymaximizing the use of land resources while reducing carbon footprint.
8. How is relocation conducted in the North Triangle property?
The relocation of informal settlers is 55% completed. The NHA offers affected families house and lot packages in Rodriguez, Rizal and San Jose Del Monte, Bulacan. Since 2010, NHA has relocated a total of 7,368 families, most of whom are now living at Southville Subdivision in Rizal, which is about 10 km from Quezon City. Southville Subdivision is an accessible, urbanized community located very near the Rodriguez town proper and commercial, retail and basic support facilities, such as schools, churches, public market, and a transport terminal. On top of the housing package provided by NHA, qualified families also receive financial assistance.
9. How will traffic be managed?
The roads in Vertis North will have wide sidewalks and landscaping to promote walking instead of driving. Traffic management projects in and around Vertis North will be implemented to facilitate the smooth flow of vehicular and pedestrian traffic.
By 2016, DPWH will implement two interchange projects, one at the intersection of EDSA/North Ave.-West Ave. and another at the intersection of North Ave./Mindanao Ave., which will reduce traffic congestion at these two areas making it easier for traffic to flow to and from Vertis North.
In addition, the LRT1-MRT3 common station will be implemented by the end-2015 along EDSA in front of TriNoma. This station will have pedestrian walkways connected to Vertis North further enhancing access. MRT7 may also be implemented in the near future along North Ave. with a station at either TriNoma or Vertis North that will further improve public transport access.
Within Vertis North, traffic intercept or ramps, similar to the one located between Intercontinental Hotel and Glorietta 5 in Makati are being constructed to lead traffic directly into the interconnected parking basements under each building easing traffic along the roads of Vertis North. The amount of parking that will be provided in Vertis North will exceed building code requirements to ensure that there will be no shortage of parking. Intersections in Vertis North will also have computerized traffic signals with vehicle sensors that would adjust themselves to varying traffic conditions.
Ayala Land goes big in QC with Vertis North
Ayala Land continues its unrivaled leadership in bringing intelligently master-planned integrated communities as it breaks ground on the country’s next central business district in Quezon City.
The real estate developer, which pioneered the rise of integrated business hubs like the Makati Central Business District (MCBD) and Bonifacio Global City (BGC), has had investments in Quezon City and is continuing to grow within the city. The company has established its presence in the city through commercial establishments, like the UP-Ayala TechnoHub and TriNoma mall, and residential developments, such as Ayala Heights, Ayala Hillside, Ferndale Villas, Fernwood, Avida New Manila, and Amaia Skies Cubao. Aside from this, Ayala Land is still looking to strengthen its presence in the city as it works on upcoming developments like the Fairview Terraces and the University of the Philippines-Integrated School (UPIS).
Offering an integrated mix of multi-faceted growth centers for businesses and individuals alike, Quezon City possesses key elements that further establish itself as a burgeoning central business district in Metro Manila.
Ayala Land continues to sustain its confidence in Quezon City as it partners with the local government of Quezon City and the National Housing Authority (NHA) in pioneering yet another central business district after Makati and BGC—Vertis North at Quezon City.
P65 billion investment
Ayala Land has been at the forefront of pioneering developments that have emerged as the face of the cities that host them. Today, Ayala Land is bringing this kind of expertise to fore as it breaks ground on Vertis North, a 29-hectare integrated urban development that will rise as Quezon City’s newest city center.
Vertis North will converge a broad range of offices, retail, hotel, and residential development with functionality, convenience, accessibility and urban sustainability within a 10-year timeframe.
“Quezon City is fast becoming a center of gravity for economic developments as it works to be at par with international business standards,” says Antonino T. Aquino, President of Ayala Land Inc. “Ayala Land is investing a total of P65 billion to bring Vertis North into Quezon City to help establish the premier central business district north of Metro Manila.”
The launch of Phase 1 of Vertis North—a P12 billion investment by Ayala Land—will mark the development of its office, retail, and hotel components within a 7-hectare land area, and is expecting completion in the next three to four years. This initial phase will put up a total gross floor area of 220,000 square meters, including business process outsourcing (BPO) establishments, hotel, and retail shops, while generating close to 200,000 jobs during its entire development phase, 35,000 of which will be filled during the development stage of Phase 1.
Accessibility through all major modes of land transportation, and proximity to major airports and emerging economic hubs outside of Metro Manila provide Quezon City an unparalleled connectivity few other cities in the country have.
Vertis North is strategically located at the northern tip of Quezon City as it is the convergence point of commuter rail lines and three major road arteries, particularly the Epifanio delos Santos Avenue (EDSA), Mindanao Avenue, and North Avenue. It also serves as the gateway to the North given its connection to the North Luzon Expressway (NLEx). Ayala Land intends to capitalize on this huge upside by bringing an intermodal transport terminal facility at Vertis North.
Ayala Land also highlights its thrust towards building sustainable, eco-efficient developments by utilizing the latest in storm water management technology in Vertis North, and eventually in all its future urban development projects. “In Vertis North, as in all other Ayala Land developments, we make sure that we do not contribute to the problem further by actively reducing the occurrence of flooding,” explains Aquino. “Ayala Land has a very high regard towards promoting urban sustainability, and one way to achieve this is through technologies and innovations that address environmental concerns for extended periods of time.”
The national government, through NHA, also eyes to gain P11 billion worth of housing investments through its partnership with Ayala Land at Vertis North. This will further boost the government’s efforts to reduce the national housing backlog, as it stands to benefit close to 50,000 families.
With Quezon City looked upon as the gateway to dynamic and progressive living in the North, more opportunities have yet to be unveiled in one of the country’s fastest growing urban regions. And with all the substantial elements of a central business district already in place, all the possibilities point to achieving this vision in the soonest time with Ayala Land’s Vertis North at the helm.
The Manila Times
Philippine Daily Inquirer
The Philippine Star