Combining Residential and Commercial Spaces
Mixed-use developments in the Philippines have gained significant momentum in recent years, revolutionizing the real estate sector of Metro Manila and other key cities. This vertical mixed-use development, also known as mixed-use properties or simply mixed-use projects, represents a shift away from traditional neighborhood development characterized by single-use buildings.
The Emergence of Mixed-Use Property
Traditionally, like many other places, cities in the Philippines were characterized by single-use buildings, where residential, commercial, and office space were segregated into different areas. However, as urbanization intensified and the demand for efficient land use grew, real estate developers began experimenting with a new concept – mixed-use developments. This development blends residential, commercial, and office spaces within the same vicinity, providing seamless access to amenities and services.
Mixed-use developments offer an innovative solution to the ever changing urban landscape. They provide residents with easy access to their workplace, recreational areas, and essential amenities, all within walking distance as a residential property connects easily to services, convenience and transportation. This concept aligns with transit-oriented development principles (TOD), reducing car dependency and promoting public transportation.
One of the pioneers in mixed-use development is Ayala Land. Mixed-use developer Vista Land have also traversed the same route. Ayala Land for one, has played a pivotal role in reshaping the urban areas of Metro Manila with projects like Ayala Center in Makati, Vertis North in Quezon City, and Arca South in Taguig. These developments have become integrated communities where residents can live, work, and play without requiring long commutes on significant highways.
Benefits of Mixed-Use Development
Seamless Access
One of the primary advantages of a mixed-use property is its emphasis on providing seamless access to essential amenities, workspaces, and recreational areas. With a combination of residential and commercial spaces, often referred to as mixed-use walkable areas, residents can live, work, and enjoy leisure activities within walking distance. This concept aligns with transit-oriented development principles, reducing reliance on vehicular traffic and major highways.
Reduced Commute Times
Mixed-use complexes promote transit-oriented development by combining office and business districts inside residential neighborhoods. Over the past few years, these residential developments dedicate their first few floors to offices while the rest as allocated as living spaces. In some mixed use properties, and whenever space allows it, developers separate the residential blocks from the business district.
Critical highways and public transit hubs are easily accessible, reducing travel time and congestion.
Abundant Walkways and Expansive Green Spaces
Mixed-use developments prioritize pedestrian-friendly environments with abundant walkways, wide streets, and expansive green spaces. These elements enhance residents’ quality of life, provide convenience, making living in these areas more attractive. Also by assigning the residential area separate from the business areas, investors privacy is kept to a maximum.
Convenience and Accessibility
Specially designed mixed commercial-use developments cater to the diverse needs of their residents. Business process outsourcing (BPO) offices, retail shops, and recreational areas are strategically integrated into the community, providing convenience and accessibility.
Integration of Public Transportation
Mixed-use developments are typically located near public transportation hubs, making transport options open and allowing people easier access to the property without needing private vehicles. This aligns with the growing desire for shared spaces and reduced carbon emissions.
Investment Opportunities
Mixed-use properties have also become attractive options for property investments. They often appreciate value faster than single-use buildings, making them a favorable choice for investors and homebuyers looking for long-term gains and home ownership.
Economic Growth
These developments stimulate economic growth by attracting businesses and investors. As mixed-use developments evolve into thriving business districts, they generate employment opportunities and contribute to the local economy. This, in turn, can lead to higher property values and increased economic activity in the surrounding areas.
Quality of Life
Mixed-use developments often prioritize the well-being of residents. They incorporate amenities such as gyms, swimming pools, playgrounds, and cultural spaces, enhancing the overall quality of life for those who live there. The availability of recreational areas within the development encourages a healthy and active lifestyle.
Reduced Environmental Impact
By promoting walkability and reducing the need for long commutes, mixed-use developments contribute to a reduction in vehicular traffic and, consequently, a decrease in carbon emissions. Additionally, the integration of green spaces and sustainable design practices in these developments can have a positive impact on the environment.
Diverse Housing Options
Mixed-use developments offer various housing options to cater to different lifestyles and budgets. From luxury apartments to affordable condominiums, residents can choose the type of housing that suits their needs. This diversity promotes inclusivity and allows for a more diverse community.
Future-Proofing Cities
As urbanization continues, mixed-use developments are a sustainable way to accommodate the growing population and evolving urban needs. They provide a blueprint for creating well-planned, integrated urban spaces that adapt to changing demographics and technologies.
Examples of Successful Mixed-Use Developments
Evia Lifestyle Center
One of Vista Land’s premier mixed-use complexes, Evia Lifestyle Center is Alabang’s premier shopping, entertainment, and dining destination, including the country’s top global fashion brands and buzzy cuisine concepts.
Provence by Vista Estates
Provence by Vista Estates is a 350-hectare development in Malolos, Bulacan, that aims to be the northern region’s top enterprise megacity. It is inspired by the joie de vivre, or the enjoyment of life in Southeastern France. Proving this claim, the development snatched the Best Township Development of 2023 at DOT Property PH Awards.
Georgia by Vista Estates
Georgia by Vista Estates is a massive 500-hectare development located in Iloilo City. Inspired by the beauty of the picturesque American state of Georgia, this majestic municipality smoothly blends peace and dynamism.
It has a central living space surrounded by vertical and horizontal housing. Malls and supermarkets, restaurants selling various dishes, recreation facilities, commercial spaces, hospitals, and beautifully landscaped parks can be found throughout the estate, all of which are intended to enhance the lives of both inhabitants and investors.
Gran Europa
Gran Europa, the only master-planned home and lot development in Northern Mindanao, and probably all of Cagayan de Oro, is a majestic sprawl of seven enclaves, each meant to cater to a distinct market group, desire, and style. The real estate development features a range of sceneries inspired by European areas. You can live in a charming Italian village, a bustling Spanish neighborhood, or a cozy house surrounded by French gardens inspired by Monet’s paintings.
Gran Europa is expertly built to exceed your expectations by offering everything from shopping malls, restaurants, convenience stores, drugstores, and supermarkets to schools and churches.
Vertis North
Vertis North is a prime example of a specially designed mixed commercial and residential property in Quezon City. Developed by Ayala Land, it features a business district, residential areas, and an expansive green park. Its mixed-use walkable regions make it a thriving urban community in Metro Manila.
Arca South
Situated along the South Luzon Expressway, Arca South is a massive mixed-use development project that combines residential and commercial spaces. It is strategically positioned to provide seamless access to various transport options and major thoroughfares, offering a unique blend of convenience and luxury.
Other Notable Mixed-Use Properties
Kizuna Heights
Kizuna Heights by Vista Residences, hailed as the Best Mixed-Use Development in 2022 by online worldwide platform Lamudi, proves to be one of the contenders on this category. As part of a joint venture with Mitsubishi Estate Co. Ltd., the property is named after the Japanese notion of personal connection, and it symbolizes the Philippines’ growing respect and appreciation for Japan.
Spectrum
The Spectrum is one of Vista Residences’ prime residences, situated in the heart of Ortigas, Pasig. This is a 34-story development that will soon rise along Julia Vargas, F. Ortigas Jr., and Garnet Streets in Ortigas Center. It is a hybrid of commercial and residential space that mixes the fast-paced lifestyle of a busy street with comfort and ease. The ground floor will include commercial businesses and restaurants.
Villar City
Villar City is the newest landmark development, encompassing 3,500 hectares across 14 cities and municipalities in Metro Manila and parts of Cavite. Villar City is more than simply another development; it is a visionary nexus where economic, lifestyle, cultural, and recreational activities intersect.
Villar City, inspired by the value of community and well-being, will provide extensive open space and a variety of recreational opportunities. These will not only promote socializing, but also improve the health and well-being of its citizens. Prepare to be a part of something special in Villar City!
Impact on the Real Estate Sector
The introduction of mixed-use developments has significantly impacted the Philippine real estate sector. Property developers have recognized the growing demand for these projects and have begun incorporating mixed-use elements into their portfolios. This shift from traditional neighborhood development to more modern and dynamic urban communities reshapes the industry.
Additionally, mixed-use developments have contributed to the growth of the country’s business process outsourcing (BPO) industry. Many BPO companies are attracted to these developments due to the availability of office spaces in strategic locations, further boosting economic activity in these areas.
Future of Mixed-Use Developments in the Country
As the country grows economically and socially, the demand for mixed-use properties is expected to increase. People desire well-planned communities that offer convenience, accessibility, and a wide range of amenities within a city’s boundaries. Mixed-use developments fulfill these needs by creating vibrant, integrated communities that enhance the overall urban living experience.
Mixed-use development in the country is changing how people approach property investments and urban living. These projects not only cater to the demand for convenience and accessibility but also contribute to the sustainable growth of the country’s urban areas. As more real estate developers embrace this model, the future holds exciting prospects for mixed-use developments across the country.
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