DMCI eager to resume Torre de Manila construction

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DMCI Homes is hopeful that the Supreme Court would finally lift the temporary restraining order against the controversial Torre de Manila development so it can resume construction works.
But whatever the outcome of the case, DMCI said it intends to respect the high tribunal’s decision.
Jorge Consunji, president and chief operations officer DM Consunji Inc.,  said the hearing on a motion to lift the temporary restraining order (TRO) has been completed and the company is now waiting for the SC ruling.
A TRO as a provisional remedy while the main case is pending, i is effective until further orders when issued the the High Court.
“We have just finished all the hearings. All parties have been heard. So we are now waiting for the Supreme Court’s resolution. Hopefully, they would grant our motion [to lift the TRO],” Consunji said.
Consunji said the high court should allow the company to finish building Torre De Manila, considering that all the requirements and necessary permits are in place before the construction of the 49-story residential building began.
“Also, we are almost a kilometer [900 meters] away from the monument of Rizal. There are other buildings which are nearer to Rizal, but the people did not have a problem with that,” he said.
The problem with the Torre de Manila was more of a “public perception,” which is very subjective. Hence, urging the government both on the local and national level to come up with a clear cut rule that will serve as a guideline for property developers and investors.
“Development is bound to happen. It is inevitable. Developments are good for the country. But right now, we do not have rules that would serve as guideline for developers like us. Right now, the rules [if any]is very subjective. We cannot operate with present rules that have high subjectivity,” Consunji said.
In The United Kingdom historical and cultural landmarks and monuments are surrounded by buildings, but the government has come up with and “architectural line of sight,” he said.
Building and construction developers are guided by clear cut architectural sights that set out the meters and bounds of developments, the height of buildings which may be erected, and places where construction activities are prohibited, Consunji noted.
“I think this is a wakeup call for the government. It is time for them to come up with similar rules such as in the UK so that everyone will be guided accordingly,” Consunji said.
Herbert Consunji, the company’s vice president and chief finance officer, said the company has spent P900 million on Torre de Manila – which is 90 percent complete, prior to the injunction order.
“We want to resume the construction because our clients are waiting for it. Payments from clients have likewise stopped because we cannot proceed with the construction,” he noted.
The Consunjis said their utmost priority is to resume the construction of Torre de Manila, backed by a favorable resolution by the court.

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4 Comments

  1. SC requires their respondents to submit their memos for only a few days (i.,e., w/ deadlines) but they have unlimited days (no deadline) to rule the torre case, same w/ other pending cases. I will not be surprise to see the unfinished torre behind the Dr. Rizal’s monument for 5-10 years. I just wish that SC be given deadlines to resolve their pending cases.