DEVELOPER Plaza de Luisa Development, Inc. is set to open the first phase of Matina IT Park, touted as the biggest information technology center in Mindanao, within the year.

The construction works on the first building started in 2013 and was completed only this year.

In a report, the first edifice has a total area of 7,423 square meters, with a project cost estimated at around P100 million.

In a phone interview Sunday, Jayson Huang, managing director of Plaza De Luisa Development Inc., said the company will start the construction of the second building within the year while the third building will commence next year.

He is set to release the detailed project description on Monday, June 15.

The development, with a combined lease area of 19, 790 square meters, is comprised of three buildings, with four levels each building.

The IT Park obtained an accreditation from Philippine Economic Zone Authority (Peza) two years ago, joining other existing infrastructures such as the Lanang Business Park, Felcris IT Park, Pink Walters IT Building, Ambiente Teleservices and HAI Global Services.

Once Peza-accredited, any IT buildings and parks can enjoy from tax holidays for three years, business sales tax, and real property tax.