CEBU CITY, Philippines- The ViBO Group of Companies has announced their P1B condo project here.
“It will be one billion condo project which will be mid range condos,” Ian Martin Borromeo, the Vibo Group Engineering and Admin head said. Borromeo said the project will consist of the 15-storey West Jones condo in Osmena Boulevard and The Curve, a 20-storey condo, which will be constructed near the Ramos market in Barangay Cogon Ramos. Location wise both are strategically located as the projects are within the university belt and the city’s commercial district. West Jones condo is already being constructed and will be turned over in 2021, The Curve on the other hand, will begin construction within the year.
Also in the pipeline according to Borromeo is a 35-40 storeys mix use towers in the capitol area while near their anchor hotel, Cebu Grand Hotel, the two-storey Axis New Wing will be available for leasing next year. That would mean additional available leasing spaces for the already well established Axis Escario that now houses Starbucks, Rico’s Lechon Brick Lane Doughnuts and The Tinderbox steak house, among others “It compliments our hotel. We call it a little city on its own, a little community. We have the restaurants and the church across, offices, so its complete,” Borromeo explained their concept which he undertakes with his cousins Andre and Carlo Suarez, the GM for Axis Cluster and GM for Cebu Grand Hotel, respectively.
Vibo Group of Companies President Gerardo Borromeo for his part said he is passing the baton to the trio, whom he calls, the 3rd generation Borromeos. “I want my son, the third generation Borromeos, of course my nephews. We will just give them the best that we can offer in terms of course, its always the best practice, honesty, And more importantly to be the best example to the next generation,” Gerardo said. What is used to be the Capitol Commercial Complex, Axis Entertainment Avenue and Cebu Grand Hotel has changed the landscape in Escario St. where hotels are now mushrooming, restaurants, banks and many other commercial establishments. / AAJ