Cagayan de Oro City Mayor Vicente Y. Emano has announced that a 24-storey high rise condominium will be constructed in the city next year.

In his press statement HERE, he was referring to Avida, a brand of Ayala Land’s residential development. In a separate interview during his weekly radio program, Mayor Emano said he was informed of this project during a visit by Ayala engineers.

Unless the location will be different, it will probably be within Centrio, the space presently occupied by the field office at the back. This is something to look forward to in 2012.

Regarding Centrio, he said Ayala and Ultracraft advertising have reportedly agreed on certain terms on the construction of the pedestrian overpass across CM Recto. Ayala was initially against the construction of the said overpass by Ultracraft as this will affect the mall’s design. However, an agreement was made such that Ultracraft will still construct the overpass but in accordance with Ayala’s design. Again, this is also something to look forward too soon.

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