PROPERTY developer Ortigas & Co. announced on Wednesday that it has topped off its fifth residential tower in its 10-hectare Circulo Verde development in Quezon City.
In a statement, the company said it recently held the ceremonial topping off for the 45-story Avila South Tower within its Circulo Verde development, which is targeted to be completed by early 2018.
A topping off or topping out ceremony is a builders’ rite traditionally held when the last beam or its equivalent is placed atop a structure during its construction.
Ortigas & Co. said Avila offers a total of 874 units ranging from studio-type, one-bedroom and two bedroom units with sizes that start from 21 square meters to 47 square meters.
With its smaller-cut units, the project is expected to cater to first time homeowners, young professionals, and start-up families.
The tower can be accessed via Calle Industria in Quezon City and Amang Rodriguez in Pasig.
In an earlier statement, Ortigas & Co president and chief executive officer Jaime Ysmael said they are focused on developing the residential offerings of their Circulo Verde development, which is located between Quezon City and Pasig City.
“We are keen on maximizing the location of Circulo Verde to make it Ortigas & Co.’s prime residential offer, given the suburban quality of its locale,” Ysmael said.
At present, there are already four completed residential towers within Circulo Verde.
Ortigas & Co. is the developer of residential and mixed-used projects such as Capitol Commons, Tiendesitas, Frontera Verde, Circulo Verde, Greenmeadows, Valle Verde, and Greenhills Subdivisions.