South Coast City

Add links
From Wikipedia, the free encyclopedia
South Coast City
Business district
CountryPhilippines
RegionCentral Visayas
CityCebu City
ProvinceCebu
Area
 • Land0.26 km2 (0.10 sq mi)
WebsiteOfficial website

South Coast City is a 26 hectares (64 acres) mixed-use, master-planned, under-construction development located at the South Road Properties, Cebu City, Philippines. The development is built under the consortium between SM Prime Holdings and Ayala Land, and will cost ₱300 billion upon its construction.[1] The 26-hectare development will involve an arena, convention center, a district square, a 1-hectare park, and other mixed-use facilities.[2]

The major development broke ground in July 2019, and currently, the development is still under construction and its first phase is targeted to be completed by 2025.[3]

Commercial[edit]

The District Square[edit]

The District Square will be a waterside commercial area of the South Coast City development. Spanning 2.7 hectares of size, the commercial development will include parks and open spaces, pedestrian sidewalks, underground infrastructures, businesses, and other establishments.[4] The District Square will also include 11 commercial lots. The commercial development is currently under construction and is among the main features of the South Coast City development, and will be built next to a 1-hectare park with a 35-meter frontage.[5]

Entertainment[edit]

SM Seaside Arena[edit]

Main article: SM Seaside Arena

The SM Seaside Arena is among the entertainment establishments in the South Coast City development. The SM Seaside Arena will be a multi-purpose indoor arena, with a 16,000-seater capacity, and it will be the largest indoor arena in the Cebu province upon its completion. The arena will host venues for local and international events, sports events, international conventions, and events for sports associations such as the Cebu Schools Athletic Foundation, Inc. (CESAFI) and Philippine Basketball Association (PBA) games. The arena was the among proposed venues for the failed Philippine bid for the 2019 FIBA Basketball World Cup.[6]

Originally, the project was proposed in 2013 and was designed to be built within the SM Seaside complex, but plans for the arena was later cancelled in 2017.[7][8] Proposals for the arena reinstated on 2019 and is instead planned to be built within the South Coast City development, instead of the SM Seaside complex. Currently, the SM Seaside Arena is under construction is targeted to be completed by 2025.[9][10]

SMX Convention Center Cebu[edit]

The SMX Convention Center Cebu will be a convention center adjacent to the SM Seaside Arena. The convention center will include three levels; four exhibition halls will be on the ground level, while the smaller function rooms will be on the second and third levels. The SMX Convention Center will also be larger compared to its Manila counterpart, having a total floor area of 52,000 square meters, compared to the SMX Convention Center Manila having only 35,000 square meters.[11] The convention center is currently under construction, and is expected to be completed by 2026 respectively.[12]

References[edit]

  1. ^ Sugbo.ph (2022-01-25). "Soon to rise: SM-Ayala's South Coast City in SRP". Sugbo.ph. Retrieved 2024-06-02.
  2. ^ Land, Ayala. "South Coast City - Ayala Land Inc". www.ayalaland.com.ph. Retrieved 2024-06-02.
  3. ^ "South Coast City: SM-Ayala Consortium development in progress - SM Prime Holdings, Inc". SM Prime Holdings, Inc. - One of the largest integrated property developers in Southeast Asia that offers innovative and sustainable lifestyle cities. 2021-03-15. Retrieved 2024-06-02.
  4. ^ "District Square South Coast City". OneStop Realty Shop. Retrieved 2024-06-02.
  5. ^ Release, Press (2021-03-12). "South Coast City: SM-Ayala Consortium development in progress". MyCebu.ph: Re/Discover Cebu. Retrieved 2024-06-02.
  6. ^ Insight, Malaya (2021-03-17). "The lure of seaside, beachfront properties: South Coast City". malaya.com.ph. Retrieved 2024-06-02.
  7. ^ Nalzaro, Bobby (January 23, 2017). "Nalzaro: SM to cancel multi-billion projects". Sun.Star Cebu. Sun.Star Cebu. Retrieved January 23, 2017.
  8. ^ Limpag, Mike T. (January 25, 2017). "Limpag: Fans dream of arena foiled by politics". Sun.Star Cebu. Sun.Star Cebu. Retrieved February 6, 2019.
  9. ^ Lorenciana, Carlo (2019-12-08). "26-hectare ALI-SM project at SRP to start construction in Q1 2020". SunStar Publishing Inc. Retrieved 2024-06-02.
  10. ^ eruffolo (2019-11-12). "SM-Ayala consortium bares details of multi-billion SRP development". Cebu Daily News. Retrieved 2024-06-02.
  11. ^ Ocampo, Rosa. "SMX Convention Center Cebu and SM Seaside City on track for opening | TTGmice". www.ttgmice.com. Retrieved 2024-06-02.
  12. ^ Talavera, Catherine. "ALI to spend P90 billion for South Coast City development". Philstar.com. Retrieved 2024-06-02.
Retrieved from "https://en.wikipedia.org/w/index.php?title=South_Coast_City&oldid=1226886163"