03/07/2024
The latest object of redevelopment is the old Delta Theater, also known as Dela Merced Building, at the corner of Quezon Avenue and West Avenue. Dacon Corp., a private company owned by the Consunji family, has acquired the lot where the Delta building stands.
DMCI Homes president Alfredo Austria confirmed to this writer Wednesday that Dacon had bought the piece of property for possible redevelopment by the Consunji-owned property company. The Dela Merced Group informed tenants of the Delta building that they had until the end of 2015 to vacate the premises after the sale of the property to the DMCI Group.
The Delta lot, covering over 6,000 square meters, will likely host condominium towers for mixed-use development. Austria said DMCI Homes would likely develop the property into a residential and commercial building, with offices for rent, a deviation from its traditional condo residential projects.
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