(Source: Business Mirror | July 4, 2017)
Quezon City’s status as a premier business hub is taking shape with the continuous development of Vertis North Ayala Land Inc.’s (ALI) marquee project in the city named after the country’s illustrious leader.
“As an enterprising city, Vertis North, will be the home of Seda Vertis North and Ayala Malls Vertis North to fulfill the promise of developing a regional gateway to the north and a growth accelerator for every scale of business, among other things,” said Jay Teodoro, head of Vertis North Estate, in a recent press briefing held in Vertis complex.
Teodoro added ALI has already spent nearly half of its P65-billion budget for Vertis North Estate in Quezon City.
Teodoro added approximately 14 hectares of the 29-hectare project are being developed into residential, retail, hotel and office space.
Ayala Malls Vertis, which is positioned for the millennial market, offers a total gross leasable area of 40,249 square meters.
“We’re proud to say that Ayala Malls Vertis North is the first millennial shopping complex,” Ayala Malls Head Rowena Tomeldan said.
“It is a place of ultimate leisure and entertainment that fuses advanced technology with art and passion to create a series of exciting innovations,” she added.
Special features of the mall include anchor tenants, such as Japan Town, Korean Town and Urban Turf, among others.
Mallgoers will be treated with the latest cutting-edge technologies, such as holograms and augmented realities, at the Japan Town, where dining and retail meet interaction and creativity. ALI brought the South Korea experience to the mall through the Korean Town, an eccentrically futuristic area that will feature Korean retail and dining concepts.
The Urban Turf is the home of food parks, start-up concepts, and techie entertainments for the most adventurous and experiential generation. It will be known as the go-to place of millennials.
Teodoro said ALI envisions Vertis North as a master-planned, mixed-use and sustainable development that encourages business growth.
He stressed the inclusion of the hotel and mall in the estate is a welcome complement to the rising residential towers in the area by ALI brands Alveo and Avida.
To attract shoppers, ALI invited retail titans, such as H&M and Uniqlo, together with an assortment of experiential dining venues all within a gross leasable area of approximately 40,249 sq m.