“After the flood comes the rainbow”

After Noah’s Flood, the Bible relates that the rainbow gained meaning as the sign of God’s promise that terrestrial life would never again be destroyed by flood (Genesis 9.13-15).

This has to be what is happening in the City of Golden Friendship. In January this year, Cagayan de Oro experienced its worst flooding in history. Non-stop heavy rains lasted for several days inundating several areas and forcing all commercial operations to a halt. The city was virtually a calamity area with its main highway (CM Recto Avenue) flooded up to waist-deep waters. Schools and shops closed. The city would never be the same again.

But since then, the City has experienced a significant commercial boom. Commercial operations resumed and the city has focused on a massive drainage re-construction. New and potential investors have visited the city. In previous posts, I have indicated some of the big construction projects in the city. But hey, there’s more, most of which just happened to sprout without getting noticed.
Famous Pension House – Yacapin Street
Iligan City’s Famous Pension House has come to Cagayan de Oro. Located along Yacapin Street, just across Mindy’s, the 4-storey building is targetting an August 2009 opening. But based on the photos below, completion will be sooner than expected.

 Famous Pension House has 3 branches in Iligan City. This project will be No. 4. Then, the proponent will soon construct another branch (probably no. 5) near Mabulay Subd.

4-storey Building Reconstruction along Tirso Neri St.

Located just beside Park View Hotel fronting the Amphitheater Park, this construction began unnoticed last month.


3-storey Commercial Building at the corner of Osmeña Street and Limketkai Drive

A few months back, this construction was stopped due to unknown reasons. But work has resumed significantly fast-paced.


Commercial Office Building construction along Yacapin-Velez Streets.

Initially rumored to be the site of a multi-storey hotel, the proponents have altered their plans and decided to transfer the hotel project at Paseo del Rio. (Probably due to space constraints)




4-storey Diagnostics Center Building along T. Chaves-Burgos Street

Construction began early this year. The site is just a stone’s throw from both the Golden Mile and Amphitheater projects.



Commercial Building along JR Borja-Daumar Streets

Originally the site of a bank, the workers worked months to demolish the old structure which had more than a foot-thick concrete walls housing the bank vaults. With demolition completed, vertical erection is on-going.



Commercial Building construction along A Velez St. (beside Bank of Commerce)

Used to be the site of BB Park, an open air restaurant on grilled food. Construction is now on the 2nd floor.


Commercial Building along Capt. Vicente Roa Street

The stretch is lined with automative showrooms and machine shops.


Commercial Building along Capt. Vicente Roa cor. Luna Extension

Site was formerly Dear Manok before it transferred along Tiano St.


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