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Thursday, March 28, 2024

Italpinas begins work on Batangas project

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Italpinas Development Corp. formally broke ground on June 16 on its new mixed-use green development project in Sto. Tomas, Batangas, called Miramonte.

The project set to be developed in two successive phases will consist of three towers, each of them reflective of the company’s characteristic Italian architecture backed by environmentally-sustainable technology.

Italpinas chairman and chief executive Romolo Nati said the first phase was planned for turnover in 2021.

“Miramonti is an Italian name, which means, ‘viewing the mountains.’ The mountainous terrain in this part of Batangas, including the beauty of Mount Makiling, is part of my inspiration for creating the Miramonti design,” he said.

Italpinas will spend about P750 million for the development of the first phase, with projected gross revenue of P1.2 billion from sales of residential and parking units, excluding recurring lease income from commercial units.

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 well as local and expatriate personnel of the various corporations with headquarters and production centers in the area. 

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