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A ‘City within A City’ to rise soon
Jaraula welcomes proposed Project
A ’City within a City’ which will be known as Paseo del Rio will soon rise at the Macasandig end of Kagay-an Bridge. This was revealed by Ms. Rafaelita P. Pelaez, CEO of the GOPEL Group of Companies, owners of the property where the project will go up.
The Pelaez Family donated the rotunda of the property to the city, the area at the foot of the new bridge that connects to Carmen, and they intend to develop it into a business center which was designed by Felino Palafox, Jr. whose company is reportedly rated as the 94th top architectural company in the world.
City Mayor Constantino G. Jaraula welcomed the proposed architectural project, an ambitious riverfront mixed use development of a 10-hectare property owned by the Pelaez family at barangay Macasandig, this city. He said that once realized, the project will certainly emerge as Cagayan de Oro City’s newest growth area within the urban center.
The City Mayor, at the same time, expressed optimism that the “Paseo del Rio” project or translated as “promenade by the river”, will stimulate the development of Cagayan de Oro as a globally-competitive city and put the city in the global tourism map.
Palafox was commissioned by the family of Dr. Rafaelita P. Pelaez to craft the project’s architectural design and overall concept. He designed the ‘Palm Island” of Dubai, The Rockwell Center of Makati, The Ayala Business Park of Cebu, Ayala Alabang, the Divine Mercy Shrine in El Salvador City and several other places here and abroad.
The multi-million “Paseo del Rio” project, that will cover open areas surrounding Carmen/Nazareth/Macasandig Bridge, will also complement with Mayor Jaraula’s flagship river boulevard development project which he is boldly pursuing along the riverbank of the Cagayan de Oro River.
The initial phase of the “Boulevard” along the river bank will consist of a 600-meter “walkway” from City Hall up to the city’s fifth bridge, to be known as the “Golden Mile, and a “Boulevard” from Toribio Chaves Street to J.R. Borja Street.
Mayor Jaraula expects to raise about P40 Billion from investments in this boulevard once finished.
In his presentation before the members of the City Council last week Palafox said the proposed Paseo del Rio project is designed… “as a place where people can walk, shop and dine in one walkable community…”
Applying his vast expertise in modern urban planning and design, Palafox said the concept of the “Paseo del Rio” is a multi-use approach of development in the project site that will boast of high-rise waterfront buildings and global-sized hotels of at least 350 rooms, restaurants, mixed-use commercial and business centers, playground, covered walkways, bicycle lanes, gazebo, rotunda, underground parking, and many amenities and recreational facililities.
Once fully developed, the project can generate employment to about 30,000 to 50,000 people, according to Palafox.
In addition to this, other nearby areas could possibly be additional sources of development and this may eventually end up as a ‘City within A City.’ (With a report from CIO)
Originally Posted by Red.Emano
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