Business

‘The Flats BGC’ Sets To Rise As First Dorm In Bonifacio Global City

Team OrangeBy 102 Comments2 Mins Read

Fort Bonifacio Development Corp. (FBDC), master developer of Bonifacio Global City, recently commenced with its first dorm development inside the city. Called The Flats BGC at 5th Avenue, the project is a dormitory building created for the city’s hundred thousand-strong workforce. It will rise along BGC’s prestigious 5th Avenue, across St. Luke’s Medical Center, and accessible to major thoroughfares EDSA, Kalayaan Avenue, C-5 Road, and 32nd Avenue.

FBDC is looking at BPO and office workers as potential occupants. 375 units in 16 floors will provide a total of over 1,500 beds. Each unit is fully furnished with a bed and mattress, workstation, wardrobe cabinet, toilet and bath, and a mini kitchen. This development will employ a dynamic property management team to take care of the administration, safety, and security.

“There is currently a strong demand for living spaces inside BGC, especially from employees. From current estimates of 120,000, we are expecting about a hundred thousand more workers coming in until 2019. FBDC wants to provide them alternative and relatively more affordable housing options to save them hours of commuting into the city considering the traffic congestion these days,” said Eli Yaneza, FBDC Business Development, Property Planning and Office Leasing Manager.

FBDC is now accepting partnerships with corporate accounts through lease arrangements for their employees. A handful of locators have already expressed inclination to include accommodations in The Flats BGC at 5th Avenue as part of their compensation package.

The Flats BGC at 5th Avenue serves as FBDC’s exploratory project on the trend of co-living a modern, urban lifestyle that puts a premium on openness, sharing, and collaboration. This communal living setup allows individuals to enjoy the luxuries of aspirational modern homes at a fraction of the price. All occupants will enjoy the full benefits of a BGCitizenship, including primary access to the various events sponsored by BGC, as well as firsthand information on sales, promos, and other happenings.

FBDC broke ground for The Flats BGC at 5th Avenue in December last year after the project was awarded to infrastructure conglomerate Megawide. The Flats BGC at 5th Avenue will start operating by the start of 2019.

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