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Tuesday, May 16, 2006
New complex to rise in Uniwide bldg. site
Another commercial establishment will soon rise on a 5.9-hectare lot occupied by the unfinished Uniwide building at the Mandaue Reclamation Area.
Star 168 Inc., developer of Pacific Star complex, is just awaiting the go signal from the office of Mandaue City Mayor Thadeo Ouano for the construction of the P160- million project, company president Robert Go said.
“The (Mandaue) City Council has already approved the project. Everything else is ready. Once we get the approval from the mayor, we will immediately start the horizontal development,” he said in an interview at the City Sports Club Cebu yesterday.
Star 168 Inc. is a consortium of businessmen. Most of them, such as Go and Bob Gothong, are Cebu-based.
Go said the company aims to complete the construction of phase one of the project, which will occupy some 2,000 square meters, before the Association of Southeast Asian Nations Summit in December.
Amenities
Phase one comprises restaurants, bars, cafés, health shops, spas, beauty salons, a sports arena and a lagoon, among others.
The rest of the development will be spread in the coming years.
“This is a long-term investment. The pace of the construction will depend on the demand of the market,” Go said.
Outsourcing
Star 168 Inc. chief operating officer Stephen Ong said the Pacific Star complex has five phases.
Phase two will include commercial spaces, such as retail shops, while phase three will be a three-level building, which will be built to cater to business process outsourcing companies.
Phase four and phase five, on the other hand, will be spaces for fairs and exhibits and a parking area, respectively.
But Go said plans might be changed, especially if the company’s talks with an international hotel management company will bear fruit.
He said the Pacific Star complex will complement the activities in the Cebu International Convention Center, which is located right across the establishment.
“We feel that this (complex) is what Mandaue City needs,” Go said.
Star 168 Inc. will sign a 25-year lease contract for the use of the lot with the Mandaue City government.
Go said the company decided to include “168” in its company name because the numbers in Chinese mean luck, prosperity and growth. (JBN)
For Bisaya stories from Cebu. Click here. (May 16, 2006 issue)
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