BGC: New Construction Update (December 2019)

BGC: New Construction Update (December 2019)

The year is almost over! Time for a final BGC new construction update for December 2019.

For many folks, the path to early FI is very much centered on real estate. Whether we are talking about for investing/speculating purposes (i.e., the pursuit of passive income, net worth), or simply trying to locate a desirable neighborhood to live in, housing is something that is difficult to ignore outright.

Ideally, it’s possible to have your cake and another one too, finding a fabulous area that can get you the best of all worlds.

I’m obviously super biased, but for me, at this point in time, I’m finding a lot of bang for your buck out here in the most upscale part of Metro Manila.

Uptown Park Suites

As I’ve mentioned in past articles, I think that the Uptown region of BGC is the place to be. Lots of shiny new projects, like residential development, Megaworld’s Uptown Park Suites, are well underway now, which should really help add to the overall vitality of Uptown once all is said and done.

Here’s where things stand at the conclusion of 2019.

Uptown Park Suites December 2019
Uptown Ritz (LHS), Park Suites Tower 1 (Center), Park Suites Tower 2 (RHS); December 2019

View from Uptown Parade.

Uptown Park Suites new construction update December 2019
Park Suites Tower 1 (LHS), Park Suites Tower 2 (RHS); December 2019

From the other side. I’m hearing that Tower 1 has started turnovers, and the parking lot looks open now.

BGC new construction updates Uptown Park Suites parking garage December 2019

Looking up.

BGC new construction update Park Suites December 2019 main entrance
Park Suites Tower 1 (RHS), Park Suites Tower 2 (LHS); December 2019

Tower 1 exterior looks pretty much done, but Tower 2 still needs a lot of work…

Zoomed out.

JP Morgan Chase (Manila)

Staring directly across the street from Uptown Park Suites is the under construction new headquarters for JP Morgan Chase (Manila).

BGC new construction update December 2019 JP Morgan Chase

Lots of progress made here over the past year, and here’s a view from higher up.

BGC new construction update December 2019 JP Morgan Chase Park Suites

Uptown is quickly rising!

BGC new construction update December 2019 JP Morgan Chase far

Mitsukoshi Mall (And The Seasons Residences)

Within close proximity (and also located in Uptown) of Uptown Park Suites and the new JP Morgan Chase hq is Federal Land’s Mitsukoshi Mall + The Seasons Residences.

Which has also made huge strides in 2019.

BGC new construction update December 2019 Mitsukoshi Mall Park Suites

Personally, I can’t wait for the mall to be completed!

BGC new construction update December 2019 Mitsukoshi Mall side

View from the other side.

BGC new construction update December 2019 Mitsukoshi Mall

Grand Hyatt South Tower Residences

Most impressive of all, in my own humble opinion, is the outstanding progress being made at the Grand Hyatt South Tower Residences.

BGC new construction update December 2019 Grand Hyatt South Residences 3

The view from the front of the Lexus Manila dealership.

BGC new construction update December 2019 Grand Hyatt South Residences Lexus

In terms of what floor it’s at, into the 30s now…

BGC new construction update December 2019 Grand Hyatt South Residences 2

View from the grass field.

BGC new construction update December 2019 Grand Hyatt South Residences

Big Apple Mall

The nearby Big Apple Mall (also in Uptown) doesn’t get much press, but it’s good to see that progress hasn’t stalled and there’s still lots of work still being done here…

BGC new construction update December 2019 Big Apple Mall

Another Federal Land project, but it seems like the Mitsukoshi + The Seasons gets most of the attention (and eyeballs) these days…

Avida Turf

And finally, to one of the, in my own humble opinion, “uglier” residential projects under development in Uptown, we’ve got Avida’s Turf.

BGC new construction update December 2019 Avida Turf field

To me, it just looks out of place and dulls the luster of all the glassy buildings next to it (e.g., Grand Hyatt Manila Hotel).

But when it comes to real estate, straight up, it’s all about:

Location, Location, Location

So yeah, looks ain’t everything!

BGC new construction update December 2019 Avida Turf grass field

Turf should still be a kickass apartment to live in (location wise)…

BGC new construction update December 2019 Avida Turf

One of the “ugliest” towers in the “best” part of town?

Perhaps…

Other Projects

Most everyone complains that the parking near Uptown is absolutely atrocious… so it’s quite pleasing to see that the following parking structure has advanced quite a bit since the last time I tracked it…

BGC new construction update December 2019 parking garage

Should be ready soon, hopefully!

 

And that’s all for the BGC new construction update for December 2019.

 

See ya’ll next year!

 

Keep up the fight!

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