IDC builds first project in Luzon
Cagayan de Oro city’s first green builder, Italpinas Development Corp. is starting to expand with Miramonti, its first ever project in Luzon, located in Sto. Tomas, Batangas.
IDC brings to Batangas its award-winning and globally-certified experience in developments that are responsive both to the local climate and to the call of the environment.
IDC is now preparing to launch the first phase of the project with an estimated budget of P780 million and project revenues of P1.4 billion.
“We already have secured permits and other documents. We are now awaiting only the Licence to Sell (LTS) before launching the Miramonti project,” said Romolo Nati, Chairman and CEO of IDC.
“We chose Batangas because the place is booming. It is one of the most progressive provinces in the country. The strategic location of Sto. Tomas is one thing also that attracted us. It is near to industrial parks and it has an amazing view in 360 degrees,” Nati added.
Miramonti is IDC’s third project after Primavera Residences and Primavera City in Uptown Cagayan de Oro.
“Miramonti is the biggest project we have so far at IDC. We are looking forward to serving Luzon for the first time. We have met with the brokers and they are excited as well to market the project,” said Jojo Leviste, president of IDC.
“Many people are looking for a place to live outside but near to Metro Manila. Sto Tomas and Miramonti are placed right at the hub of these expressways connecting to the Metro area. Accessibility is one of the project’s defining characteristics,” said Leviste.
The Miramonti project will consist of three towers and will be developed in two phases.
The first phase, which comprises one tower sitting atop of a podium structure, will sit over a 2,057 sqm. land area. It will offer 352 residential, 14 commercial, and 88 parking units, combined with first- class amenities, such as fitness center, swimming pool, playground, among others.
At the same time, according to Nati, the company has its own property management partner, Damiani Property Management and Services Inc. to help its clients acquire passive income through rentals of the property.
Miramonti will harness green strategies and will reflect IDC’s authentic Italian design.
IDC, in less than a decade of experience, has been recognized in the national and global arena in the field of architecture and design.
It won two International Property Awards for Best Mixed-use Development in the Philippines and garnered the distinction of being the First Completed Condominium Project in East Asia to be given an Edge (Excellence in Design For Greater Efficiencies) Certificate, by IFC World Bank. Right now, IDC is currently applying for Edge certification for the Miramonti project.
Aside from Miramonti in Batangas, IDC is also eyeing other emerging cities such as Dumaguete, Davao, Mindoro, Pangasinan and Subic/Bataan as locations for its future projects.