ALi starts 25-hectare township in Davao
Ayala Land is spending an intiial P8 billion to jumpstart the construction of a 25-hectare masterplanned mixed-use project in Davao City.
Azuela Cove, a joint venture between ALI and Alcantara-led Alsons Development and Investment Co., will feature low-to-mid rise towers, commercial lots, office buildings, and a waterside cove which will have retail components.
It will also have an events tent which can accomodate 1,500 people, a soccer field, and an open park for jogging, biking and any outdoor activities.
The events tent is suitable for future banquets, wedding receptions, conferences, seminars, and exhibits.
Also to rise within Azuela Cove is a world-class hospital in partnership with St. Luke’s Medical Center Inc,
The project is expected to create 13,000 jobs within eight to 10 years.