28/11/2015
"Gentrification" is the process of renewing or rebuilding a depressed urban setting. It would then magnet the middle-income and affluent families as settlers, who would then further increase the property values through their continued enhancements.
This is the nice story of the erstwhile depressed environment of Coronado St. of Brgy. Hulo, Mandaluyong - a once lonely street running along Pasig river – disturbed only by the honking of jeeps and pedals of tri-sikads. This road could only highlight its stark contrast to the southern side of Pasig River – that of the famed city of Makati whose better paved roads are more appropriate for SUVs, Benzes and BMWs. Makati is where land prices could range 5x-10x than those of Mandaluyong – where skyscrapers define its horizons, and where its senior citizens are entitled to birthday cakes.
Yet, it is just a short bridge across Pasig River that separates both cities - connecting Makati Avenue and Coronado St..
This evolving Coronado St. gentrification is now seen in DMCI's completed middle-income residential Tivoli towers, in the high-end Acqua Residences of Century Properties, and in the middle-income yet affordably priced Suntrust Treetop Villas all built along Coronado St.. A gigantic parish church of Our Lady of the Abandoned is also now in its finishing stage. And then the Pasig ferry stations are already in place wistfully hoping that Pasig River would indeed transport passengers of same volume as how it is now in Bangkok’s Chao Phraya river.
These developments could very soon transform Coronado St. into one of glitz and chicness. Adorned by upscale private residences and trendy commercial shops, this waterfront would soon be a preferred destination.
Suntrust Treetop Villas is a low-density mid-rise 3 towers with connected gardens or courtyards in between the buildings. These gardens are now ready for grown trees pursuant to its name as treetops. A huge lobby of 7.5meter height, hallways of 1.6meters width, air-conditioned clubhouse and other amenities, and wide parking spaces. Now ready for turnover to earlier buyers yet still with some units available for sale. Perfect for employees and businessmen in Makati with a price perhaps 60-70% less than most of similar Makati developments.
"Credits to Suntrust Properties Inc. Official FaceBook Page"
