FILINVEST Land, Inc. (FLI) officially starts development of the ten hectares retail and commercial strip called IL Corso at the South Road Properties.
The company is investing P3 billion to initially develop eight hectares of the total ten hectare land area, said Joy Pollozo, FLI senior vice president for retail commercial operations during the ceremonial pouring of concrete at the project site yesterday.
The activity marked the start of the project’s two year development process.
The project will be a sprawling development that includes shopping, dining and lifestyle facilities.
“It will be an integrated retail development with more open spaces and parks that people can enjoy,” Pollozo said.
They will be building 11 low-rise buildings that will include a mall and a supermarket.
mall cinemas
Four cinemas will also be built inside the mall.
A Central Plaza will also be built at the center of the development which will have an ampitheater and an infinity pool.
“There will also be dancing fountains so that people can enjoy it at night when we won’t have events,” she said.
The mall will have a total leasable area of 36,000 which will have about 300 tenants.
A bridge will connect IL Corso to the adjacent Citta di Mare which is a 40-hectare residential development.
Pollozo said that the IL Corso is the first venture of FLI outside Manila for commercial and retail segment.