Filinvest assures projects to go on

THE discovery of 23 World War II vintage bombs in Kawit Island, South Road Properties (SRP), won’t affect ongoing projects by developer Filinvest Land Inc. there, a company official said yesterday.

In a text message sent to Cebu Daily News yesterday, Filinvest Land Inc. vice president Tristan Las Marias said their projects in the SRP, including a white-sand beach resort in Kawit Island, will go on as scheduled.

Las Marias said he trusts that the city government can handle the situation properly without disrupting ongoing works in the area.

Filinvest Land Inc. broke ground in SRP for their 50.6-hectare development in November 2010.

The groundbreaking was held only three months after they officially announced and launched their joint P25-billion commercial development project with the city.

The joint venture is scheduled for completion within 10 to 15 years, which Las Marias said is still on track.

The P25-billion project is being developed by clusters starting with a six-hectare lot, a residential cluster called Amalfi Oasis.

Amalfi Oasis will have nine L-shaped five-story buildings with 150 units each.

Las Marias said a total of 40 hectares of the whole development will be for residential subdivisions.

A 10-hectare commercial strip called Il Corso located across the road and facing the sea will be developed within the next three to four years at an estimated investment of P3 billion.

Within Il Corso is a planned “themed park” concept that Las Marias said will become one of the future attractions in Cebu for tourists.

Las Marias said a marina in the commercial strip area will feature a galleon and an ampitheater.

“We have already asked assistance from experts in Singapore to help us realize this project and have met with The Galleon officials and wrote them a letter asking for their support and assistance for this project,” he said.