The Ayalas of famed Makati are finally coming back to Davao.
Executives of Ayala Land briefed the City Council yesterday on its plans to put up a mixed-used commercial center infront of Redemptorist Church in Bajada on a 9.5 hectare property owned by the Floirendos. Yes the banana magnate.
Phase 1 of their plan is a mall with BPO offices as shown here.
Phase 2 includes a hotel and condos.
The Ayalas were pioneer investors in the city staring the Insular Village in the 1960s in Pampanga District, the enclave of Davao’s rich. They also build the famous Insular Hotel, which was ran by the Intercontinental Hotel chain just like the occupant of No. 1 Ayala Center Makati. The hotel was eventually bought by Gatchalian’s Waterfront Group during the reign of Erap.
A key feature then of the Insular Village was Mindanao’s first modern ten-pin bowling center. Unfortunately, it fell victim to martial law in the early 1970s. It closed shop when curfew was imposed and those from downtown like me did not risk traveling north with plenty of Philippine Constabulary check points along Bajada and Lanang.
The Ayalas attempted a Davao comeback even before they started Ayala Center Cebu. During the mid-1980s, they sought to acquire the nearby Lanang Golf Course of the Dakudao’s but failed.
The golf course is closing at the end of this month and the Ayalas were beaten to the draw. A chunk was acquired by Henry Sy’s group for a reported SM City Davao North project.