As Fort Bonifacio Development Corp. (FBDC) moves to develop the latest portion of the area’s landbank, Bonifacio Global City (BGC) continues to entrench itself as the next big business district in Metro Manila.
Developments and improvements in the once tree-studded military base continue nearly 20 years its conversion into a commercial area in the early 1990s.
At present, about half of the 240-hectare property have been sold to third-party developers and are in various stages of development and planning, according to Manny Blas, FBDC head for commercial operations.
FBDC in partnership with mother company Ayala Land, Inc. and Evergreen Holdings, Inc. formally launched what it calls “the address” in the fast-rising central business district (CBD) — One Bonifacio High Street — capping the one-kilometer long retail stretch of development that serves to complement the CBD’s commercial area in Market! Market!.
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