Latest Aeon Towers construction updates out

The iconic Aeon Towers continues to move towards its targeted turnover by early next year.

The towering high-rise project of local developer FTC Group of Companies along JP Laurel Avenue is closing in at around 80 percent completion based on latest construction updates.

Indeed, passing along that busy section of the city one will never miss the majestic structure—33 levels to be exact–that’s touted as the next tallest building in Mindanao.

New images released by the construction team revealed the works done in the building after it topped off officially last February 28.

“We are on target of our turnover and Aeon’s future residents are already pretty excited,” said Ian Y. Cruz, president and CEO of FTC Group of Companies.

Aside from the construction developments on site, Aeon Towers has likewise sealed a deal with a global investment firm that had bought in bulk 288 units in the high-rise development to operate apartment units and a hotel.

FTC Group of Companies signed the landmark transaction with Altus Hospitality South, Inc., a joint venture hospitality investment company between Altus Capital Corporation and Private Equity capital, via a fund from Singapore.

The investment company is managed by Altus Capital Partners, an affiliate of the World Bank Group’s International Finance Corporation.

Designed by Syndicated Architects Far East Associates with Ian Campbell and Associates as project and construction manager, Aeon Towers will boast a 144-key Hotel and 144- Residence serviced apartment (both operated by Altus Hospitality) coupled with a 197-room high-end residential condominium; over 2,000 sqm of prime retail space, and at over 1,000 sqm, the largest grand ballroom in Davao.

The investment is a sign of confidence by the international investment community in FTC Group of Companies, a Davao-grown firm with diverse business interests.

With a total land area is 4,574 square meters, Aeon Towers will house 473 units parking slots of 300 and commercial spaces will be located in the ground floor to 5th floor. The seventh floor to 10th floor will be allocated for the hotel component while the sky deck is at the 33rd floor.
Campbell said the building boasts of earthquake resistant features.