Formally known as the JAKA Tower, the Alveo Financial Tower is an office building under construction in Makati, Philippines. It was referred to JAKA since it was initially a property of JAKA group which was owned by the family of a senator by the name Juan Ponce Enrile.
The construction of the Alveo Financial Tower began in 1996, although it did not go on as planned since in 1998 the construction was halted due to financial crisis until later in 2014, when the new owners, the Ayala Land Inc., took over. Immediately after taking over the ownership of the building in 2015, it changed its name from the JAKA Tower to the now Alveo Financial Tower. The tower is expected to be completed and ready for occupation by as early as 2019.
The skyscraper was initially designed by Hellmuth, Obata and Kassabaum ( HOK) architectural firm which is a US based architectural, engineering and urban planning company. The HOK is responsible for designing some of the most unique buildings in the world. Some of the structures that HOK has designed include the Priory Chapel at Saint Louis Abbey, Kellogg Company Headquarters in Battle Creek, Michigan, Passenger Terminal Amsterdam in Amsterdam, Rogers Place arena in Edmonton, Alberta, Canada and Steven F. Udvar-Hazy Center in Chantilly, Virginia among very many other projects that it has undertaken worldwide.
The current owner, the Ayala Land Inc, is a Philippines based real estate firm and a branch of the Ayala corporation. It is one of the leading real estate firms in Philippines. It deals with development of residential buildings, Financial buildings, shopping centers, hotels as well as in strategic landmark management.
Before continuation of the construction of the Financial Tower 15 years since it had been halted, the Alveo group involved Magnusson Klemencic Associates, which is a foreign structural and civil engineering company, together with Sysquared + Associates so that that it could carry out a structural integrity assessment on the structure to ascertain if it is fit for construction to continue. An architectural firm by the name William V. Coscolluela & Associates was also involved in making consultations on the initial design of the Tower.
Its completion is estimated to be on 2019 and it will have a total of 49 floors. It will actually be 48s and a roof deck at the top.
Although the tower is designed to be an office building, it will have retail shops at the first three floors ( ground floor, second floor and third floor). On its fifth and seventeenth floors the tower will have a business activity area.
In total, it is designed to have 363 units with the size of each unit ranging from 108 square meters to 129 square meters which is enough room for conducting business.
The Tower stands on a 26,000 square feet piece of land. That translates to 2,400 sq m. The total floor area is 63,739 sq m, which is quite a space for business. The floor area (FAR) ratio is 27.
The tower also has a large basement parking area to cater for approximately all its users. The parking space os divided into two: those for sale and those for retail and guests. The parking space for sale are 568 units while those for retail and guests are 94 units, bringing all the parking units to 662 units. Mainly, the 568 paid for parking units are for office purposes.
The Tower is easily accessible from all corners of the city and it is also very well connected to the rest of structures and buildings within the City of Makati. This is mainly attributed to the fact that it stands on a piece of land along the Ayala Avenue which is a major road not only in Makati City but in the Metro Manila. The avenue is joined by several other joining streets as it cuts through the Central Business District of the city.
Given that it will be constructed to premium office building standards, it is definitely be a classy building suitable for all kinds of firm offices.
At the heart of Makati’s Central Business District, specifically 6794 Ayala Avenue stands The Alveo Financial Tower. The Ayala Avenue is the artery of Makati CBD. This address speaks for itself. The most distinguished among the addresses within the district. This is the heart of the country’s business and financial capital, and almost everything beats around here.
The Alveo Financial Tower is a LEED-certified office tower with 49 stories and strategically situated between Makati’s established financial district and the new growth center of the city- the City Gate. The Financial Tower is highly-meshed within Ayala Avenue and integrated with so many multinational business command posts, various prestigious institutions and the city’s emerging hotspots on the avenue’s locality.
The address is truly the best spot in all of Makati and perhaps the rest of the metro. The Alveo Financial Tower is expected to change the avenue’s modernity and functionality where it could be a stimulus to maintain only those efficient facilities enhancing unique user-friendly features. Providing a straight-forward and effective building features, end-users could concentrate on the task on hand while delivering quality products for their company.
This is how Alveo Land innovates and operates, its brand of innovation is copied by other well-known brands but just can’t be equaled.