The state-owned Bases Conversion and
Development Authority (BCDA) is set to dispose one of its prime
properties in the Bonifacio South area covering 5,000 square meters
through public bidding.
BCDA Officer-In-Charge Aileen An. R. Zosa said the Lawton Corporate Center Lot is located along Lawton Avenue and is between the National Mapping and Resource Information Authority
(NAMRIA) and McKinley West, another high-end development which is a joint-venture project of BCDA and Megaworld.
“We are optimistic and expect this property to draw a lot of interest from top real estate developers because of its strategic location and proximity to various high-end commercial and residential areas like Bonifacio Global City, McKinley, Forbes Park, and Newport City, including the NAIA III,” Zosa said.
She also said that detailed engineering plans are underway by the BCDA to widen Lawton Avenue from the existing dual-2 lane road to a dual-3 lane road to address the increased traffic volume due to the developments in the area.
“This will augur well for the planned development in the Lawton Corporate Center Lot and its neighboring areas,” she added.
For his part, BCDA Manager for Business Development Arrey Perez said BCDA is currently finalizing the Terms of Reference (TOR) for the disposition of the said lot.
“We are currently finalizing the TOR and other bid documents. We plan to officially start the public bidding process by the first or second week of May. We shall be officially announcing it through an Invitation to Bid to be published in the papers,” Perez said.
He said the mode of disposition for the 5,000-squre meter property will be through a 25-year lease renewable for another 25 years.
He added that the Floor Area Ratio (FAR) is 12 or a maximum 60,000 square meters of gross floor area.
“Among the possible developments that could be done in the property are commercial/retail and offices/BPO,” Perez said.
BCDA Officer-In-Charge Aileen An. R. Zosa said the Lawton Corporate Center Lot is located along Lawton Avenue and is between the National Mapping and Resource Information Authority
(NAMRIA) and McKinley West, another high-end development which is a joint-venture project of BCDA and Megaworld.
“We are optimistic and expect this property to draw a lot of interest from top real estate developers because of its strategic location and proximity to various high-end commercial and residential areas like Bonifacio Global City, McKinley, Forbes Park, and Newport City, including the NAIA III,” Zosa said.
She also said that detailed engineering plans are underway by the BCDA to widen Lawton Avenue from the existing dual-2 lane road to a dual-3 lane road to address the increased traffic volume due to the developments in the area.
“This will augur well for the planned development in the Lawton Corporate Center Lot and its neighboring areas,” she added.
For his part, BCDA Manager for Business Development Arrey Perez said BCDA is currently finalizing the Terms of Reference (TOR) for the disposition of the said lot.
“We are currently finalizing the TOR and other bid documents. We plan to officially start the public bidding process by the first or second week of May. We shall be officially announcing it through an Invitation to Bid to be published in the papers,” Perez said.
He said the mode of disposition for the 5,000-squre meter property will be through a 25-year lease renewable for another 25 years.
He added that the Floor Area Ratio (FAR) is 12 or a maximum 60,000 square meters of gross floor area.
“Among the possible developments that could be done in the property are commercial/retail and offices/BPO,” Perez said.
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