Ayala Land Inc. (ALI) is on track to complete the first phase of the 74-hectare Arca South (formerly Food Terminal Inc.) development in Taguig by 2018, with nearly half of the PHP 80-billion budget already spent in the first two years of the five-year project.
The development of Arca South’s roadwork, utilities and other infrastructure are now 70.0% complete and expected to be finished by the end of the year.
In terms of project development, Arca South would be 30.0% to 40.0% complete by 2018. Arca South is planned to have a 50-50 commercial and residential mix.
The first tranche of commercial activity would be kicked off by the Ayala Malls, the first two towers of the Arca South Corporate Center, and the 265-room Seda Hotel Arca South.