Retail - , , Philippines
Ayala Land signed last October 2009 an agreement with the Subic Bay Metropolitan Authority (SBMA), for the development of a 7.5-hectare property along Rizal Highway within the Subic Bay Freeport Zone, straddling the boundary between the Subic Bay Free Port and Olongapo City near the free port's main gate. With its proven track record of building world-class real estate projects, ALI envisions the development of an integrated mixed-use master-planned community which will include a shopping mall, Business Process Outsourcing office building, and hotel that will rise in the heart of Subic 's Central Business District. This development is part of the company's strategy to establish mixed-use master-planned growth centers in various parts of the country. Part of the masterplan is the construction of Harbor Point, the pioneer Ayala Mall in Subic Bay Freeport Zone. The mall will offer basic conveniences that will address the everyday needs of Subic and Olongapo, as well as unique concepts that will serve not only the immediate communities but also the tourists and transients. ALI's development will be a catalyst for growth in the Subic-Olongapo corridor and will be a major mixed use project in the Subic Freeport Zone that is well-planned, integrated and environmentally sustainable.