Filinvest City Explained

Official Name:Filinvest City
Image Blank Emblem:Filinvest_City logo.svg
Blank Emblem Size:120px
Nicknames:CBD of the South[1]
Pushpin Map:Metro Manila#Philippines
Coordinates:14.4175°N 121.0419°W
Subdivision Type:Country
Subdivision Name:Philippines
Subdivision Type1:Region
Subdivision Type2:City
Subdivision Type3:Barangay
Subdivision Type4:Developer
Subdivision Name1:National Capital Region
Subdivision Name2:Muntinlupa
Subdivision Name3:Alabang
Subdivision Name4:Filinvest Development Corporation
Established Title:Incorporated
Established Date:1993[2]
Area Total Ha:244
Postal Code Type:ZIP code
Postal Code:1781[3] [4]
Area Code:2
Timezone:PST
Utc Offset:+8

Filinvest City, formerly Filinvest Corporate City, is a central business district situated within Muntinlupa, Metro Manila, Philippines.

History

The development of Filinvest City began in 1995, by Filinvest at the site of the former Alabang Stock Farm.[5] [6] Under the administration of President Fidel V. Ramos, the farm was opened for joint development with the private sector and the government-owned property was placed for bidding.[7] The Gotianuns acquired the farm after it bested the bids of companies of the Ayala and Gokongwei families in a government-organized bidding.[8] The project was started by the Filinvest Development Corporation (FDC) through its founder Andrew L. Gotianun Sr.[9]

FDC established the Filinvest Alabang, Inc. on August 25, 1993, for the purpose of entering a joint agreement with the government to develop the farm.[10] The development was earlier known as the Filinvest Corporate City but was rebranded as Filinvest City to reflect a shift of the area as a mixed-use development from a primarily commercial venture.[5]

The master plan for Filinvest was revised in 2017 with the help of Singaporean firm AECOM. This led to the opening of the Spectrum Linear Park and the Northgate Cyberzone district cooling system, by early 2018.[11]

Management

Filinvest City is developed and managed by Filinvest Alabang, Inc. which is a subsidiary of Filinvest Development Corporation and Filinvest Land Inc.. Under the joint agreement with the government, the FAI owned 74 percent stake in Filinvest City.[10]

Residential areas

Among the residential settlements in Filinvest City include Botanika Nature Residence, Vivant Flats, La Vie Flats, and the Bristol at Parkway Place.[12]

Developments

The central business district is divided into six divisions, namely City Center, Civic Plaza, Northgate Cyberzone, Westgate Center, Spectrum Business District, and The Palms Country Club. Key district areas in Filinvest City include the shopping centre Festival Alabang and public spaces like The River Park, Spectrum Linear Park, and the Filinvest City Event Grounds, the last of which has hosted the Wanderland Music and Arts Festival since 2017.[13] The district is also accessible to the Alabang–Zapote Road and transportation services are available in South Station and Festival Mall.

See also

Notes and References

  1. Web site: Filinvest City: Rise of the CBD of the South . Bristol at Parkway Place . 17 January 2022.
  2. Web site: About Filinvest. filinvestcity.com. 2023-10-09.
  3. Web site: ZIP CODE FINDER. Philippine Postal Corporation. 9 October 2023.
  4. Web site: Philippine ZIP Codes. https://web.archive.org/web/20211030054639/http://www.phlpost.gov.ph/wp-content/uploads/2021/09/ZipCode-2019.pdf. 30 October 2021. 9 October 2023. dead. PDF. phlpost.gov.ph.
  5. News: Filinvest Land rebrands flagship project . 22 July 2019 . . 8 November 2012.
  6. News: 44-hectare Alabang sprawl home to global business community. Salazar. Tessa R.. November 24, 2012. Philippine Daily Inquirer. December 25, 2019.
  7. News: Muntinlupa City @22 . 22 July 2019 . Tempo . 6 March 2017.
  8. Book: Suryadinata . Leo . Southeast Asian Personalities of Chinese Descent: A Biographical Dictionary, Volume I & II . 2012 . Institute of Southeast Asian Studies . 9814345210 . 304.
  9. Web site: History . Filinvest City . 22 July 2019.
  10. Web site: About . Filinvest City . 22 July 2019.
  11. News: Filinvest City accelerates growth trajectory in 2018 . 22 July 2019 . BusinessMirror . BusinessMirror . 6 February 2018.
  12. News: Filinvest City eyes LEED-ND certification . 22 July 2019 . BusinessWorld . 5 March 2019.
  13. Web site: Santos . Edward . FILINVEST CITY IS THIS YEAR'S HOME OF THE WANDERLAND MUSIC & ARTS FESTIVAL . EDnything . March 7, 2023 . February 2017.