MANILA, Philippines - Tycoon Andrew Tan's Megaworld Corp. is spending P35 billion to develop a new township in Pasig City.
Megaworld said Woodside City will be an "environment-friendly" mixed use development, with around 1,000 trees to be planted.
The company will also build Leadership in Energy and Environmental Design (LEED)-registered office buildings in Woodside City. The first two towers, located along the C-5 entrance of the township, will be designed by world-renowned architectural firm Skidmore, Owings, and Merrill. The first tower will be launched by early next year, and will be completed by 2017.
"With the increasing demand for sustainable office towers from our clients, we are committed to build more ‘green’ buildings in Woodside City," Jericho P. Go, first vice president, Megaworld, said.
The 12.3-hectare Woodside City will also have a rainwater catchment facility that will utilize rainwater and grey water for flushing and landscape irrigation; and a network of bicycle lanes.
The township will also have condominiums, a mall, retail and commercial strips, open parks and a transport hub.
"The very concept of a township is to reduce and minimize the carbon footprint of the community. In our communities, one wouldn’t need hours to commute to go to work, home, watch movies, or do the grocery. Everything is just within walking distance," he said.