By MARK FRANCISCO
CAGAYAN de Oro’s pioneering condominium developer Italpinas Development Corporation has created a subsidiary IDC Homes to penetrate more the middle class market in Northern Mindanao who have joined the housing boom both as a residence and as an investment.
IDC Homes was launched in a ceremony well attended by hundreds of realty agents and brokers last Sunday at Pearlmont Hotel here in Cagayan de Oro City with guests of honor, Italpinas Development Corporation chairman and chief executive officer Romolo Nati and president Jose Leviste III.
Leviste, who is the scion of a known family in Batangas but has called Cagayan de Oro his home, said creating IDC Homes will be the next step in their contribution to the economy here in Northern Mindanao.
“It reminds me of how far we’ve come. We started here in CDO and that is why we’re pouring in another huge investment here in the city,” he said.
Italpinas Development Corporation’s first project here was Primavera Residences which was established in 2009 as a mixed use building combining retail, commercial spaces, office and hospitality elements with classic residential condominium units.
Its next project Primavera City is a landmark development comprising of seven separate mixed use living and commercial buildings fusing Italian aesthetics and green features.
Even as construction of the second phase Citta Bella is still ongoing, Italpinas has already created its subsidiary targeting the middle class market, IDC Homes with its first project Verona Green Apartments.
Verona Green Apartments is located right across SM City CDO Uptown at the roadside going to DepEd office. Phase 1 of the project consists of four buildings and 488 units while Phase 2 is composed of seven buildings with 390 units.
Those are the only details that the company has released for now but expect more announcements to come as earthworks have already been undergoing in the area in anticipation of the construction phase.
Established in 2009, Italpinas Development Corporation’s unique design philosophy is grounded on environmental sustainability through elegant architectural solutions and trademark contemporary Italian aesthetic.
