Ciudades business hub finished by 1st quarter

By Cheneen R. Capon
The construction and development of the First Mindanao Industrial Park (FMIP), a 20-hectare (has.) premier business and industrial hub of Ciudades in Buhangin District, is expected to be completed by the first quarter of this year.
“We are already fast-tracking the development and concreting of internal road networks for FMIP,” Ciudades project head Ricardo Nicanor N. Jacinto said. “Internal roads are substantially completed”.
Lapanday Properties Philippines Inc., developer of Ciudades– a 250 has. Master planned township development project in Buhangin District– allocated P350 million for the development of the FMIP.
Jacinto said the initial phase of the development for FMIP was completed last December.
“The first phase of 3.5 has. is developed…we are now developing the rest of the area,” Jacinto said.
The first phase has a total land area of 3.5 hectares (has.) has developed lots for enterprises, concrete road networks and drainage system.
The business hub will have a centralized sewerage facility and a centralized water system and continuous power supply from Davao Light and Power Company.
Jacinto said that the first phase is now ready for locators who can be from the small and medium enterprises (SMEs).
“There will be a total of 84 lots which have an area of at least 1,000 square meters (sqm) to 4,000 sqm,”he said, adding that interested locators can visit two model units at the location.
The model units feature a business at the ground floor while the second floor can be utilized for residential purposes.
“Although, having said that, if you need larger areas you can also buy several lots at a time,” Jacinto said.
La Panday has already submitted right now its application to Philippine Economic Zone Authority (PEZA) to become an accredited economic zone, according to him.
Jacinto said the company is now negotiating with potential locators on the industrial park.
“We are looking for locators that are light industries, non-pollutants, service establishments, warehouse operators, and IT-based companies,” he said.
Aside from business and industrial component of Ciudades, the township will also have subdivisions, two education institutions, recreational area, and a commercial complex.
The development of the access road to Indangan and the bridge going to Waan via Ciudades avenue is ongoing.