August 18, 2008
It isn’t every day that you come across a one-stop haven for all the things you like, let alone a mall with everything you need. Yet, in the middle of the Bonifacio Global City sits a mall so special, we have to say its name twice: Market! Market!
Since opening in September 2004, Market! Market! continues to redefine the metro’s shopping landscape. It has a little bit of everything for just about everyone. Located at Bonifacio Global City, Taguig, it has all the essentials, including National Book Store, Mercury Drug, Kodak and Ace Hardware. Medical needs are taken care of in the medical clinics in the mall, such as Health way and Dental City, while the various beauty salons, spas, and skin care centers like Dermstrata, Bench Fix, and California Nails and Day Spa ensure you’ll always look your best for any occasion. Banks, optical shops, music stores, and Internet cafes are also located in the mall.
A FIESTA INSIDE A MARKET
At Market! Market!, you can fulfill your marketing and shopping needs all under one roof. With a wide selection of succulent fruits, garden-fresh vegetables, meat, seafood, rice, and other wet market staples, shopping at Fiesta Market is, indeed, a fiesta. Regional carts and kiosks around Fiesta Market let you experience the turones de casoy of Pampanga, the dried crispy shrimp native to Aklan, the biscocho and butterscotch bars of Bacolod, the strawberry treats of the summer capital Baguio; and the spicy dishes of beautiful Bicol, among others.
ONE BIG GASTRONOMIC ADVENTURE
While indulging oneself in the great food finds at the regional carts, the traditional Filipino fiesta experience isn’t complete without damps-style dining. A wide selection of food booths offers delectable dishes, from inihaw to sinigang to other classic Filipino favorites. The appetizing smell of barbeque from Ineng’s or the talaba from Marina Seafood is enough to make mouths water.
BARGAIN HUNTER’S PARADISE
Inside, Market! Market! is a shoppers’ haven and a bargain-hunter’s paradise. The clothes boutiques range from local to imported brands that women and men will love, while sports outlet stores offer great discounts on popular athletic brands to cater to every sports enthusiast’s needs. Kids will enjoy shopping in stores like Kids of Bayo, Anne Juleth and Orange Juice.
Priceline shopping in Market! Market! is also one of its top attractions, with stores that sell different items for only one price. As the name suggests, Vente sells different items from caps to bags for only P20! My Dollar Store and Japan Home Center offer items at one dollar and P88, respectively.
The Home Market at the third level carries an eclectic collection of furniture and home accents, including native and antique furniture at affordable prices. Visit Funktionell at the third level, or find pretty home accents at stores such as Natural Art and Abubot.
The Gift Market at the ground floor is a treasure trove of trinkets, complete with a wide array of items that suits all occasions. Party favors and cool bric-a-bracs make gift shopping a breeze. A diverse collection of pearls and semi-precious stones is available at the Pearl Market section. Fashionistas, meanwhile, will surely have a day at the Fashion Market, located at the second level.
GREAT FINDS AT METRO SUPERMARKET AND DEPARTMENT STORE
The Metro Department Store carries an extensive collection of apparel, shoes, accessories and special items — men’s, women’s, teens/children’s and home. The barong collection in the men’s department and the petite section in the women’s department are certainly worth a visit. Mothers will also have a blast shopping for their little ones’ clothes, character apparel and infant wear. The home department carries cookware, fabrics, linen and bath; plus a special section for appliances, sports equipment, power tools, car accessories, gardening tools, pet care and furniture. Unique to Metro is the wonderful selection of handicrafts and furniture from Cebu. A trip to the Metro Supermarket guarantees that you won’t want hi shop anywhere else. Metro Supermarket contains all the essential grocery needs plus a few surprises. A special “great deals” corner features cool finds at bargain prices. Hard-to-find ingredients and attractive imported products are staples in their shelve.
GIFT-BUYING MADE EASY
The new wing on the ground floor is where the fun’s at, with new shops that cater to kids, teens and adults. The Gift Factory and Blue Magic offer a wide array of stuffed toys and colorful gadgets. It’s Cool ha s a selection of cute school supplies and appealing knickknacks. Stand out from the crowd with custom-made shirts at the T-Shirt Project and then complete the day with an afternoon of fun and games at Timezone.
Truly, the fun is in the finds at this gem of a mall and market inside Bonifacio Global City.
Source: Ayala Land Inc. Article Listing
August 18, 2008
It’s a problem that most people would rather have. Can’t decide between a pair of Havaianas or Crocs? Or a pair of shades from G-Force Oakley or Rudy Project? Confused about choosing from a wide selection of the finest restaurants like Abe, Duo, Portico, or Mini Shabu-Shabu? In a dilemma where to have coffee with Bo’s, Figaro, Starbucks, Seattle’s Best and Coffee Bean & Tea Leaf in the same area? Or in a quandary about which shop or dining establishment to splurge on any given day?
Just like the exciting panoramic canvas of popular Ayala Malls like Greenbelt 3 and Alabang Town Center, Bonifacio High Street is a kilometer-long boulevard of green landscapes that encompasses Serendra and 3rd Avenue with interesting and well-known stores, various interactive artworks in the center, plush offices and residences on its upper floors.
A unique novel concept, shopping and dining at the never overcrowded Bonifacio High Street is a one-of-a-kind experience that’s comparable to a leisurely stroll in equally trendy places like Soho in New York, Lincoln Road in Miami, Santana Row in San Jose, Third Street Promenade in Sta. Monica, Rodeo Drive and The Grove in Los Angeles.
The 36-hectare big Bonifacio High Street is also distinguished by its own retro architecture, spacious walkways and stunningly beautiful sculptures created by acclaimed Filipino artists Reg Yuson, Conrado Velasco and Ronald Achacoso.
Of course, it’s the establishments that define a shopping center and with over 150 merchants offering a wide range of concepts and brands spread across the length of almost a kilometer, BHS certainly does not disappoint in terms of diversity, overall value and cutting edge appeal. These 150 stores are from Serendra side all the way down to Bonifacio High Street.
Aside from those already mentioned above, there’s David and Goliath,an interesting store for children and infants from 3 months-5 years old that offers shirts with humorous prints and texts. There’s Maxiworks, a hobby, gifts, and toy store that offers educational toys and infant developmental toys. And then there’s Mizuno, the first stand-alone store of this Japanese brand of serious sports gear for serious sports like golf and badminton.
The bestsellers are of course, the main reason why Bonifacio High Street remains frequented by its growing number of regular patrons. Krispy Kreme is one of them. The loyal following of this joint is one big reason why it has already sold more than 40,000 doughnuts since it opened late last year.
Another is Crumpler, the hip Australian brand of backpacks and other quirky bags is also one of BHS’s top draws along with the very first on-ground store of Crocs and the biggest store of All Flip-Flops worldwide. All Flip-Flops is where Havaianas are exclusively sold. Springfield and Ecco are likewise BHS favorites, with its equally wonderful collection of fashion for both men and women.
As for the ever reliable staples, you can count on names like Adidas, Nike, The Spa, Dimensione, Fully Booked, Hobbes and Landes, The Picture Company and Timezone to deliver when it matters.
If it’s wellness you’re looking for, wellness is what BHS offers you with stores like Lush, Fruits and Passion, The Natural Source and Face Shop. All stores provide enhancements for natural beauty.
Other establishments worth mentioning include 2nd level mainstays like the Makati Eye Laser Center clinic that offers services such as lasik, epi-lasik, lasik for presbyopia, conductive keratoplasty, multi-focal implants, cataract surgery and general eye care. And then there’s also Intergrow Children’s Activity Center learning center that offers different services such as Kumon Math & Reading, Preparatory Class and summer courses such as Art Workshop, Fun with Mr. Sun and Read & Write On.
Outside of its establishments and appealing aesthetics, Bonifacio High Street is fast becoming its area’s best kept secret because of its strategic location which is just about accessible to most, if not all parts of Metro Manila. Linked directly to the major thoroughfares of EDSA and the C-5 highway, it can also be reached by upscale residents from Quezon City, Makati as well as the Ortigas business districts. Likewise, its proximity to the South Luzon Expressway makes it within reach for those who live in Parañaque, Muntinlupa and other communities on the southern corridor.
At Bonifacio High Street (BHS), people who are willing to have the good things in life wouldn’t be disappointed with the fine selection of shops and restaurants offered by the recently-opened chic and innovative shopping center located at Bonifacio Global City, just a pebble’s throw away from The Fort and Market! Market!
While the stores are pretty much the stars of the place, not to be overlooked is its interactive park where shoppers, diners and just plain promenaders can simply chill out with nature or enjoy some of life’s almost forgotten pleasures, like kite flying. sessions that appeal to both the young and the young at heart.
And of course, events held at BHS are worthy of being called events, be it a jazz fest or bands or face painting and henna tattoo.
So you think life is already good? Well, it just got better with Bonifacio High Street. It’s modern living at its innovative best.
Source: Ayala Land Inc. Article Listing
August 18, 2008
At Bonifacio Global City, going around the vast modern community will soon be a luxurious bus experience onboard the Mercedes-Benz O 500 M 1725. The buses are the newest fleet of commuter vehicles that will ply the BGC-Kalayaan-Market! Market! route.
“The Mercedes-Benz O 500 M 1725 was built for smoother, quieter rides and is designed for both metropolitan and provincial travel. What makes every passenger’s experience rewarding is that ease, comfort and safety are assured with features that only Mercedes-Benz can give,” said Felix Ang, CATS Motors, Inc. president, exclusive distributor for Mercedes-Benz in the country.
The buses, referred to as ‘coaches’ are the same motor coach service in bus routes from London to Istanbul. The buses will ply the route starting March and will be used as transportation for commuters within BGC’s commercial districts, such as Bonifacio High Street, Serendra and Market! Market!.
“The new fleet of shuttle coaches is a testament to the ease of urban living a masterplanned development like Bonifacio Global City can provide,” said Vince Tan, chairman, Bonifacio Transport Corp. and FBDC EVP.
One of the principal features of the new shuttle coaches are the low floors and wheel-chair provisions which make boarding easy even for the handicapped. The low floor is also an advantage for women professionals who usually have a hard time going up public buses in work clothes.
The spacious interiors make for a very comfortable ride, as the two-seater bus compartments provide much-needed space for commuters who wish to rest and hate being bumped specially during rush hours. The aisle is surprisingly wide, and the middle seats are placed sideways, creating more room for those alighting to and from the bus.
The advance technology applied to the Mercedes-Benz O 500 M 1725 is the coaches’ main feature. Because of the coaches’ air suspension, the rides are smoother and more comfortable. The Mercedes-Benz O 500 M 1725 also has a modern programming which can make the bus run on a specified speed. This makes sharp turns smoother, emphasizing the coaches’ safety features.
The technology also helps in the coaches’ maintenance as warning signs on what must be done to keep the Mercedes-Benz O 500 M 1725 on tip-top shape regularly flashes on screen such as fuel level, A/C maintenance, and the like.
The project is a joint venture of CATS Motors and Bonifacio Transport Corporation which aims to reduce carbon emissions within Bonifacio Global City. The coaches are known to use only the best fuel for buses which emits less carbon residue.
The bus ride also promotes a more environment-friendly lifestyle.
“The impetus to promote a more environmentally-friendly lifestyle is also evident,” said Tan. “The shuttle coach can comfortably seat 20 people and can actually serve as a convenient, fuel-efficient transportation alternative, which means they won’t have to take their cars out, add to traffic congestion only for a 10-minute drive.”
Source: Ayala Land Inc. Article Listing
August 18, 2008
Live, Work, Eat!
At Bonifacio Global City , dining has come to mean more than the typical hour-long break. In this city, the dining experience provides another opportunity for residents, tenants and visitors alike to bask in the relaxed aura of Bonifacio Global City . From the high-energy spots of The Fort Square to new dining establishments in Bonifacio High Street , Bonifacio Global City will never fail to disappoint varied tastes.
CJ Jesena, Senior Division Manager for the Ayala Malls Group, describes some of the unique culinary spots of Bonifacio High Street. “Mary Grace which started as a kiosk in malls, opened their first cafe in Serendra, Bonifacio High Street called Cafe Mary Grace,” Jesena explains. “From the L’Opera group, they opened Balducci, which features a more casual, rustic and laid-back feel.” Larry J. Cruz opened two restaurants, including Larry’s Cafe & Bar, which offers light dining and Abe Restaurant, which specializes in Kapampangan fare. Further down Bonifacio High Street you’ll find Texas Roadhouse Grill and Mini Shabu-Shabu — just two of the many unique restaurants which have recently opened. Proposing this unique dining concept to owners of restaurants and cafes was met with positive response. “Anna Rocha (owner of Tatami] loved the concept while Larry Cruz saw the opportunity,” he says, proudly.
Wired and Ready to Go
As the country’s next premier CBD, Bonifacio Global City is fully equipped with amenities that encourage the wireless lifestyle. At par with the technological-savvy of the modern urbanite, several areas in Bonifacio Global City are Wi-Fi hotspots, allowing for high-speed internet surfing — an unquestionable tool in this era of efficient technology. Moreover, plans to fully wire the city are underway and soon enough, internet surfing will be possible at any point within the territory.
Complementing the technological advancement is the fact that a 25-hectare portion of Bonifacio Global City is a PEZA-accredited IT Zone. As an IT Zone, Bonifacio Global City locators enjoy generous government incentives like tax holidays and other benefits,” says Henry Yap. Head of Property Planning and Design for FBDC. “It is also easier for foreign companies to bring in their foreign executives because of the ease in obtaining work permits. The companies or locators also get tax incentives when they purchase land or export products,” Yap explains.
Source: Ayala Land Inc. Article Listing
August 18, 2008
Whoever thought you could mix business with pleasure, which are traditionally strange bedfellows? Well, at Bonifacio Global City, anything is possible.
Ayala Land, Inc. together with Evergreen Holdings, Inc. (Campos group) fully acquired Fort Bonifacio Development Corporation in 2003. The partners strengthened Bonifacio Global City’s financial stability with a sustainable vision of the future.
With Bonifacio High Street as their latest development venture, Ayala Land’s vision is to make it a dynamic, thoroughly modern district and community that will feature a mix of commercial, residential and retail areas. Since Fort Bonifacio is billed as the next business district, due to its central and strategic location, Bonifacio High Street is the area to watch out for.
Imagine a one-kilometer long mixed-use space occupied by retail stores and restaurants on the first floor with corporate offices on the second floor occupying the Main Boulevard Blocks. There is also efficient traffic management, ample parking spaces, dedicated bus lanes and pedestrian walkways in this prime space.
To further explain the office side of Bonifacio High Street, The Philippine Star recently interviewed Marivic Añonuevo, senior VP for the corporate business group of Ayala Land, Inc.
PHILIPPINE STAR: What makes Bonifacio Global City the ‘Home of Passionate Minds’?
AÑONUEVO: Bonifacio Global City was not going to be a city that is just about work. It would allow business people and other professionals to stretch their creative potential to the fullest extent.
Why did you decide to put offices in Bonifacio High Street?
Bonifacio Global City is the next big thing. It is strategically located because it remains connected to other business districts and is well situated between EDSA and C-5 with a lot of access points.
How was the office concept of Bonifacio High Street developed? Was it inspired by foreign corporate centers?
Bonifacio High Street was inspired by the Main Street, USA concept that celebrates a work and play environment. We also drew inspiration from Third Street Promenade in Santa Monica and The Grove in LA. For the office side, this is the only environment that encourages creativity and productivity amidst the greens. We weren’t planning to put just offices but a park as well for breathing space.
Since this is a very fresh concept, what makes you think this concept will work in the Philippines?
When you work, you also need to de-stress. This doesn’t apply only to Filipinos but to all human beings for this matter. It is such a refreshing idea to be working in this environment where you can de-stress once in a while and you can go back to your office feeling refreshed, recharged and renewed.
How did you choose the companies that would occupy the second floor of Bonifacio High Street’s blocks?
At first, we thought that the tenants would be small entrepreneurs or start up companies. Surprisingly, our own subsidiary (Community Innovations, Inc.) and even big corporations were attracted to this place. We did not implement specific zones for the offices but we do have a good mix of tenants from a venture capitalist to a distribution company and even an eye center.
How big are the offices? Is there a standard size?
The sizes of the offices start from around 70 square meters to about 800 square meters, which is one whole block.
How do you lease the offices? What is the percentage of offices that are leased out?
Actually, we lease the offices by units. Some tenants opted to combine units to get a bigger area. Some took the entire block. The offices of Bonifacio High Street are now 100 percent leased out.
If an office wants to re-design the place, what are the restrictions?
Anything inside is their call. They can’t tamper with the fixtures outside.
What are the restrictions in terms of signage?
As a matter of fact, we are very strict on signage. We have some limitations. If you get a sizable amount, let’s say the whole block, then you are allowed a signage outside. Otherwise, we just have outside directories so as to prevent clutter in the area.
How would you convince companies to relocate to Bonifacio Global City?
Well, the relative land value in Bonifacio Global City is lower making the rent a lot cheaper compared to Makati or other central business districts. There is also not much traffic within the development. BGC has been masterplanned to be pedestrian friendly. In fact, you could walk from Bonifacio High Street to Serendra or Market! Market!
There is Makati Eye Center, Super 8, Integrow (a pre-school), Steel Asia, Del Monte Philippines, Bayantrade and Community Innovations, Inc. to name a few.
In conclusion, given how Metro Manila lacks parks and walkways, Anonuevo proudly shares that Bonifacio High Street offers something different: It is a place where you could work and play, but still enjoy the greenery and the scenery. This is such a novel and refreshing idea for an urban area.
Source: Ayala Land Inc, Article Listing
August 18, 2008
Key indicators point to the sustained growth of the 240-hectare Bonifacio Global City located within the progressive city of Taguig. In 2007 alone, the premier business district witnessed the completion of three office towers and six residential buildings. Within the next 12 months, seven more residential and another four modern office buildings will be completed.
Accounting for a gross floor area of 2.62 million square meters for completed, on-going and proposed new developments covering 125 projects, Bonifacio Global City (BGC) is clearly on its way to becoming a major business center of Metro Manila. The ongoing planning of about 3 to 4 luxury and business hotel projects in BGC is another clear indication that BGC is becoming the preferred location of various businesses and offices.
The three recently completed office towers are a welcome addition to the business district’s existing office inventory. BGC has a long list of multinational companies wishing to locate and to join the ranks of Ascendas Philippines, Sony-Ericsson Philippines, GE Philippines, Orica Philippines, Deutsche Knowledge Service, Tetra Pak Philippines, Wrigley Philippines, HSBC, Del Monte Philippines, Community Innovations, Inc., Hanjin Philippines as well as NEC Telecoms. These firms have set up offices in the area. The Singapore government is also constructing a chancery in the district where many expats have taken residence.
Of the 17 completed in 2007, six were residential buildings that will be home to new residents and families in the next few years. The needs of the fresh wave of Bonifacio Global City offices locators, residents, and visitors will be met by retailers, service providers and other merchants in the close to 10 new commercial buildings completed during the year, including one that is dedicated to institutional uses. In 2008, the construction of two landmark projects is expected to begin. These are the new offices of the Philippine Stock Exchange as well as the world renowned luxury hotel ShagriLa.
During peak hours, starting from 6:30 till 9:30 am and from 5 to 8 pm, around 5,000 to 7,000 vehicles go through the four main entrances of BGC attesting to its many attractions and central location. A series of strategic access points in the east, west, north and south that allow for smooth-flowing traffic explains the fast take-up rates across all segments (office, residential and commercial) in the area and the good business enjoyed by most commercial tenants.
The newly opened Bonifacio High Street continues to attract residents, tourists and expatriates because of its blend of unique and popular retail, dining and leisure activities. When Bonifacio High Street opened in March 2007, its weekday crowd was estimated at 6,000 to 7,000 shoppers and promenaders, which rises to 16,000 people on weekends.
As even more residents and office locators flock to the business district in the coming months, the development momentum of the area is bound to speed up even more and give credence to its assertion of being a premier business district of Metro Manila.
Source: Ayala Land Inc. Article Listing
August 18, 2008
AYALA LAND, Inc. is building the first luxury hotel at Bonifacio Global City in Taguig together with the Shangri-la Hotels Group as it capitalizes on the booming demand for hotel rooms in the area.
The project is part of the development of the West Superblock area, which will also feature a new premium grade office building that will house the unified Philippine Stock Exchange (PSE) and a museum, Ayala Land President and Chief Executive Jaime I. Ayala said in a report.
Marivic Añonuevo, corporate business division head of the property unit of conglomerate Ayala Corp., said the four-star hotel would rise near Bonifacio High Street and Serendra.
Construction of the four-star hotel will start in 2010. It is expected to be completed a year later. “We’re also finalizing our [hotel] operator there,” she added without citing investment figures. Ms. Añonuevo said the hotel would still cater to business executives since hotels aimed at this market are suffering from tight supply.
Meanwhile, Mr. Ayala said construction of the new PSE building is expected to start in the second half, making it Ayala Land’s first premium headquarters-type office building project since 1998.
He noted that land values at Bonifacio Global City had nearly doubled in the past two years, almost close to land values in some areas of the Makati central business district.
“[At Bonifacio Global City], value appreciation has been even sharper as our priming activities continue to bear fruit and attract more and more locators and land purchasers,” he said.
Ayala Land will also co-develop a 7,377-square meter property at the corner of Ayala Center in Makati. The $153-million project, which Ayala Land signed with the Kingdom Hotels Group in March, is expected to kick off the redevelopment of the area.
The venture will include the development of a 300-room Fairmont Hotel, a 30-suite Raffles Hotel and 189 Raffles-branded private residences.
Ayala Land has earmarked P24.3 billion in capital expenditures this year, P10 billion of which it plans to raise through bank loans and bond issuance. Of the total budget for 2008, only 1% will go to the hotel business, which is categorized under the company’s support businesses along with property management services.
Ayala Land posted a 13% growth in net income in 2007 to P4.4 billion, while consolidated revenues inched up by 1% to P25.7 billion from the year earlier.