Italpinas Development Corporation (IDC), the developer of Primavera Residences, had its ceremonial turnover of its second tower in Cagayan de Oro through a formal ceremony attended by unit owners and their families, partner brokers, banks, and contractors last December 16, 2015.
Gracing the event were Italpinas officials and VIPs namely IDC Chairman & COO Arch. Romolo Nati, IDC President Atty. Jojo Leviste who led the ribbon cutting with City Mayor Oscar Moreno and INVEST Officer Eileen San Juan followed by a blessing ceremony of the building with Msgr. Florencio Salvador of the St. Francis Xavier Chaplaincy.
During the event, PRCC Administrator Jeanette Galleto formally turned over the key to one of Primavera Residences’ Tower 2 unit owners, Engr. Marie Cristy Lugtu with IDC key officers, Arch. Nati and Atty. Leviste.
From an interview with Sunstar Cagayan de Oro, Atty. Leviste when asked why they invested in CdO, he said, “We really believe that Cagayan de Oro has a growth rate that’s much more exciting than other cities. The Philippines itself is growing very fast but I think it’s time now to be more sophisticated about where we go within the Philippines because we can see that there is growth within the growth. There are stories that are definitely hyper-prospective for investors and CdeO, we believe, is one such story. We think that our experience so far has proven that.”
One of the key features of Primavera Residences is its eco-friendly design which results to a decrease in energy consumption of up to 20%. This is due to the high performance design of the building which includes cross ventilation, shading, and passive cooling features. The photovoltaic solar panels are already installed at the roofdeck to power the common areas of both buildings.
Primavera Residences is a twin tower, ten-storey mixed-used property located in uptown Cagayan de Oro City. It was recently awarded as the first and only condominium project to be certified by the IFC World Bank’s EDGE (Excellence in Design for Greater Efficiencies) in East Asia.
“In the future, there are plans for this particular precinct of the city to be developed, for other parts of CdeO to be developed. So the dynamic is changing, the center of gravity is changing in CdeO itself as a growing city, so all of these represent unprecedented opportunity,” furthered Atty. Leviste through an interview with Sunstar, “We do have plans to develop our second project, also here in uptown CdeO, so we look forward to presenting that once it’s ready.”
For inquiries, call 088-880-5002 or visit www.primaveraresidences.com.