Matina eyed as city's next commercial center

By Carlo P. Mallo

A TOP official of a giant real estate firm foresees the Matina area as Davao City's new center for trade and commerce in the next few years.

"Everything is moving towards the south area," Tristan Las Marias, vice president for Visayas and Mindanao of Filinvest Land Inc., said in an interview Friday.

Filinvest recently had its groundbreaking for its P1.5 billion medium rise condominium properties on Eco West Drive in Ecoland, Matina.

"The Matina area will be the next urban center for Davao, with two of the three big malls located in the area and even the best schools in the city," Las Marias said.

With the congestion of business establishments in the downtown area and also the industrial developments in the northern part of the city, Las Marias said going south is the best option.

"And with the soaring gas prices, it is most practical to be living in the center of the city," Las Marias added.

Apart from their 2.3 hectare property development at the back of SM City Davao at Ecoland, Filinvest is also planning to start another medium rise condominium development on a three hectare property right beside NCCC Mall in Ma-a, still in the Matina area.

"Davao is already prepared for the vertical form of residential living," Las Marias added.

SOURCE: www.sunstar.com.ph
Monday, May 12, 2008