CEBU LANDMASATERS and YHES top off The Paragon Davao, Davao City's biggest mixed-use development in the south
Leading developer in VisMin Cebu Landmasters Inc. (CLI) through joint venture YHES Inc. recently topped off the 263-room hotel and 26-storey residential tower of The Paragon Davao.
Located in Matina along Davao City's famous MacArthur Highway, the P3.0 billion mixed-use development os envisioned to be a lifestyle and convention destination. With over 80,000 sqm in floor area, the Paragon Davao is rising proudly above Davao's skyline as one of the largest mixed-use development in the city.
CLI, Chairman and CEO Jose Soberano III remarks: "We are pleased that The Paragon Davao will be completed just as Southern Mindanao fully opens up to travel and heightened business and leisure activity. It will serve as a natural catalyst for economic growth in the area."
Fred Yuson, President of YHES Inc., the joint venture between CLI and the Villa-Abrille clan, highlights that the hotel and residential tower will be complemented by a convention center and close to 8,000 sqm of food and retail area. " The Paragon Davao will be a lively destination of locals as well as a destination or venue for meetings, incentives, conventions, exhibitions (MICE) that will draw business travelers from other parts of the country," said Yuson.
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| Gracing the topping off ceremony of The Paragon Davao are (L-R): Jasper Huang, Cebu Landmasters chairman and CEO Jose R. Soberano III, YHES corporate secretary Jason Huang, Davao City mayor Sebastian “Baste” Duterte, Davao City vice-mayor Jay Melchor Quitain Jr., YHES president Frederick H. Yuson, Cebu Landmasters senior project manager Engr. Rogelio Vinluan, Cebu Landmasters vice-president for sales Marie Rose Yulo, and Cebu Landmasters vice president for business development Sylvan John Monzon. |
The city mayor of Davao, Sebastian "Baste" Duterte, as well as the vice mayor of the city, Jay Melchor B. Quitain, Jr., were present for the ceremony marking the completion of the topping off process.
MEDIA BRIEFING
The property's residential tower One Paragon Place with 554 units is expected to start turnover in Q4 2023. It was names as the Best Condo Development in 2021 by PropertyGuru Philippine Property Awards.
Part of The Paragon Davao is an international hotel, Citadines Paragon Davao, set to open its door in 2024 and will feature well-appointed hotel rooms and serviced residences. It is CLI's fourth hotel in partnership wth The Ascott Limited and is expected to help boost the listed company's hotel revenues.
The 2.9 hectare The Paragon Davao will also included The Paragon Davao Convention Center with a grand ballroom that can accommodate up to 2,500 guests. It also has event and meeting rooms and pre-functions areas.
Masterplanned by CallisonRTKL in collaboration with the top Philippine architectural firm RMDA, the complex will likewise develop The Paragon Davao Lifestyle Mall with 4,398 sqm GLA. The mall will feature a range of retail, food and beverage outlets.
Cebu Landmasters is expected to soon launch horizontal projects in Davao City. The listed company's Davao Global Township, awarded as Best Township in Asia by PropertyGuru Asia Property Awards 2021, is nearing full site development completion and will be open to the public early this year.
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