Megaworld Corp. is alloting P30 billion over the next 10 years for the development of a mixed-use community in San Fernando, Pampanga.
The Capital Town will be home to residential and BPO office towers, civic and institutional facilities such as school, amphitheater and event venues.
It will rise on a 35.6 hectate property that used to be the site of the historic sugar central of the Pampanga Sugar Development Co.
It will also feature retail hubs, a hotel, and a shophouse district which highlights neoclassical and art deco architecture.
Once completed, Capital Town is expected to generate around 250,000 direct and indirect jobs in the BPO, transport, retail, food and construction sectors.
?What we are building in Pampanga is a unique township concept that will truly bring out the best of the Kapampangan culture, tradition and history. In 10 years, Pampanga will see a CBD that is not only a showcase of homegrown businesses and entrepreneurs, but also a center for local arts and culture,? said Eugene Em Lozano, first VP for sales and marketing at Megaworld Pampanga.
?We are anticipating this to be a busy township. So, as early as now, we are putting in place the infrastructure that fits for a CBD. However, we are also putting up small parks and pocket gardens around the development where people can take a break, relax and enjoy the views of the township,? Lozano said.
Significant artifacts of the old sugar central will be housed in a heritage museum, which will be integrated with the proposed mall development.
Monuments of famous Pampanga personalities, particularly those who have established PASUDECO, will be erected in various parts of the township.
Megaworld will be selling lots to those who want to build their businesses, and at the same time, live there. Lot sizes range from 276 to 680 square meters.
The first two lower levels may be dedicated for the business while the topmost floor may be used for their residence.