Friday, July 25, 2008 Aboitizland starts construction on The Persimmon project
LEADING real estate developer Aboitizland, Inc. broke ground for the first of their four condominium towers of The Persimmon along M.J. Cuenco Ave., Mabolo, Cebu City.
The members of the Aboitizland’s Board of Directors led by Chairman Roberto Aboitiz, buried a commemorative time capsule on the site where The Persimmon’s West Tower will take shape over the next two years. Mabolo Barangay Captain Reynaldo Ompoc and vecinos (Spanish for neighbors, a term Aboitizland elected to call its clients and customers) also participated in the ceremonies.
The ceremonies were brief and simple, though not lacking the elegance of an Aboitizland event.
Andoni Aboitiz, Aboitizland’s president and chief operating officer, in his welcome speech during the event, emphasized that site development is “on schedule and we are delivering as we promised, even more.”
He added that Aboitizland “has not been spared the burden of absorbing unanticipated increases in the costs of construction materials and services.”
However, he said, “our promise to our vecinos is to start construction in July 2008 and we are definitely standing by that promise. We will also stand by our promise to complete construction of the West Tower in two
years’ in time because the trust that vecinos have given us is precious.”
The Persimmon is a landmark Aboitizland project. It is the company’s first venture into vertical residential development and is Cebu’s first urban village.
The condominium cluster is designed as the ultimate city address, complete with the amenities of comfortable living. Its low-rise commercial and entertainment enclave is expected to draw a mix of restaurants, bistros, cafes and service establishments. Development of its commercial strip will commence on September 2008 and is set to be completed within a year.
The Persimmon has also earned premium status among projects within its category because it is located within minutes from Cebu City’s places of worship, cultural and historical sites, tourist attractions, schools and commercial centers.
Aboitiz said that upon the completion of The Persimmon’s West Tower, “Cebu will see a whole new lifestyle unfold. And this lifestyle will set the standard for all other condominium developments.”
