AYALA Land Premier recently launched its first development here in Davao City, The Residences at Azuela Cove.
Enrique Manuel, Jr., Ayala Land assistant vice president and Azuela Cove estate head, told reporters at the sidelines of the opening of Cafe Laguna at the Azuela Cove that they launched the first tower earlier this month.
"The sales take up has been really good," he said, adding that they have master planned for two residential buildings but the area where The Residences will be established is good for five.
According to the official website of the Ayala Land Premier, The North Tower, the first phase of the development, comprises a total of only 70 units across just 21 floors, with each floor encompassing a maximum of four homes.
The Residences units include Seaview Corner Suite, Seaview Horizon Suite, and the Seascape Villa.
There are 34 units available each for the Seaview Corner Suite and Seaview Horizon Suite with a floor area of 168 square meters (sqm.) and 171 sqm., respectively.
Meanwhile, there are only two units available for the 339 sqm. Seascape Villa.
Amenities at The Residence includes lobby and residents lounge, fitness center, social hall, board room, building administration office, outdoor play area, and pool deck.
Meanwhile, Manuel said aside from The Residences, Enderun Colleges, a leading undergraduate college and management school based in Matro Manila, will also be establishing a school at the Azuela Cove.
"Right now The Tent is being operated by Enderun Colleges and they will soon put up a school here too," he said.
Manuel also said they have recently signed documents with other key locators but he is not able to disclose who these are.
The Azuela Cove is a township project by the Aviana Development Corp., a joint venture partnership between Ayala Land and The Alcantara Group of Companies.
The company will be investing around P20 billion for the development of the Azuela Cove in the next ten years.
Around P2.8 billion will be allotted for estate land development, cove construction, and retail construction. Some P2.7 billion will be spent for the construction of the Phase 1 of an Ayala Land high rise condominium. Then, around P2.5 billion will be alotted for the establishment of the St. Luke's Medical Center. The remaining P12 billion will be allotted for developments beyond 2021, which will include cove development, additional retail construction, and additional towers.
"The huge capital outlay is expected to fuel greater social change and inclusion for more Dabawenyos, expecially those who are still not part of the economic mainstream," Manuel said during the launch of Azuela Cove in 2017.