AYALA-LED Fort Bonifacio Development Corp. (FBDC), the master developer of Bonifacio Global City, has commenced with its first dormitory development at BGC which will cater to office and business process outsourcing (BPO) workers.
Dubbed as The Flats BGC at 5th Ave, the project will rise along BGC’s 5th Avenue across St. Luke’s Medical Center, and will be accessible to major thoroughfares like EDSA, Kalayaan Ave., C-5 Road, and 32nd Avenue.
The 16-storey development will have 375 units available upon completion that will provide a total of 1,500 beds.
Each unit will feature fully-furnished rooms with beds and mattresses, workstation, wardrobe cabinet, toilet and bath, and a mini kitchen.
The development is expected to employ a dynamic property management team to take care of the administration, safety and security.
“There is currently a strong demand for living spaces inside BGC, especially from employees. From current estimates of 120,000, we are expecting about a hundred thousand more workers coming in until 2019,” FBDC Business Development Property Planning and Office Leasing Manager Eli Yaneza said.
“FBDC wants to provide them alternative and relatively more affordable housing options to save them hours of commuting into the city considering the traffic congestion these days,” she added.
FBDC said it is already accepting partnerships with corporate accounts through lease arrangements for their employees.
“A handful of locators have already expressed inclination to include accommodations in The Flats BGC at 5th Avenue as part of their compensation package,” the company said.
The Flats BGC will serve as FBDC’s exploratory project on the trend of co-living─a modern, urban lifestyle that puts a premium on openness, sharing, and collaboration, according to the company.
“This communal living setup allows individuals to enjoy the luxuries of aspirational modern homes at a fraction of the price. All occupants will enjoy the full benefits of a BGCitizenship, including primary access to the various events sponsored by BGC, as well as firsthand information on sales, promos, and other happenings.”
FBDC broke ground for The Flats BGC at 5th Avenue in December last year after the project was awarded to infrastructure conglomerate Megawide Corp.
The Flats BGC at 5th Avenue will start operating by the start of 2019.