THE newest residential condominium that offers an urban sanctuary in the heart of the city has recently topped-off reaching its peak of 12- storey high last Jan. 19.
Introducing Residencia Edades, the first project of the Fifth Avenue Property Development Corp., uplifts the modern, fast-paced lifestyle of the city with the tranquility of suburbia.
“This is the pioneer and a first in the P1 million condominium category tapping the mid-market,” said Richelle Gil, marketing and account officer of Fifth Avenue Property Development Corp.
As the condominium’s name refers to the Victorio Edades known as the father of modern Philippine painting, the building’s architectural design is a fusion of Mediterranean and modern style concepts.
Ideal location
Strategically located at 1st Street, Salinas Drive, Lahug, Cebu City, Residencia Edades is just walking distance from the Waterfront Hotel and Casino, and I.T. Park.
It is conveniently situated as it is minutes away from foremost establishments, schools, banks, shopping centers, public transports, and hospitals, and accessible from the main thoroughfares.
The 12-storey residential condominium houses 230 units consisting of 10 studio-type and 220 one-bedroom units that are fully-furnished with finished painted walls, bedroom closets, kitchen cabinets and counters, toilet and bathroom, and ceramic tiles on the living room, kitchen and bedroom.
This new residential development offers a unique package of convenience, lifestyle, and a picturesque view of the mountain ranges of Cebu in the west side, and the Mactan Island in the east.
Fast-selling
“We have reached the top floor of the 12-storey building,” said Engineer Erwin Ceniza, project engineer of the Fifth Avenue Property Development Corp.
By the middle of the 3rd quarter of 2010 will be the turnover of the residential units.
Attesting to its being an ideal condo investment,
“Eighty-five percent of the 230 residential units are sold out,” said Richelle Gil.
The studio type costs P799, 425 while the one-bedroom type costs P1,197,570 for the units occupying 18-20 square meters, and P1,249, 820 for the units of 24 square meters.
“We cater to people who are looking for an alternative and affordable place to call home in the busy city,” said Gil.
With its modern architectural designs, and technological innovations with lush green landscapes, Residencia Edades gives metropolitan dwellers the right dose of city experience underscoring a balance between work and play.
The new property development has an elegantly and exquisitely-designed lobby, reception counters, 24-hour security system, twin elevator system, centralized individual mailboxes, and a spacious convenient store that houses the laundry receiving area and water refilling station.
The residential condominium features a multi-purpose function room, a covered rooftop where a coffee shop is located, closed-circuit TV security and monitoring system and a two-level parking space.
“Our company is eyeing a second residential condominium project this year,” Gil revealed.
A new yet trusted name in property developments, Fifth Avenue Property Development Corp. proves to have what it takes to rise above and cut above the rest. (KGC)