Ortigas Central Business District

Ortigas Center

Source: Wekipedia.org

ORTIGAS CENTRAL BUSINESS DISTRICT

Ortigas CBD – Situated at the mid-centric of Metro Manila, Ortigas Center began in 4, 033 hectares “an Hacieda de Mandaloyon” , an estate from the Augustinian Order earlier 1920. In the following years, there were several changes of partners.

When Ortigas & Company acquired the estate, from Augustinian Order last 1920 with Don Franciso “Paco” Ortigas and Dr. Frank W. Dudley,  it was a virtual wasteland. The vision of the management, headed by Atty. Francisco Ortigas, Jr., who was President and Chairman at that time, turned it into a progressive industrial, commercial, and residential urban complex. But Dr. Dudley later sold his share to Phil C. Whitaker, and the company becomes Whitaker and Ortigas.

In 1931, the partnership becomes, Ortigas, Madrigal y cia., S. en C., as it was incorporated with Vicente Madrigal and Don Paco Ortigas with other partners in “sociedad comanditaria por acciones.”  All the incorporators, except Quezon, who was President of the Philippine Senate at that time, were constituted as managing and general partners (socios gerentes colectivos) while the other shareholders were designated limited partners (socios comanditarios).

The objective of the partnership was to acquire the Hacienda de Mandaloyon, which spanned the municipalities that are now known as Mandaluyong, San Juan, Pasig & Quezon City. The Estate was to be disposed of either in large tracts or developed subdivided lots.
In 1956, Vicente Madrigal withdrew from the partnership and the partnership’s name was correspondingly amended to “Ortigas & Company, Limited Partnership.”

In 1985, Campos, Lanuza, Olbes and groups of general and limited partners who held 42% of the entire partnership’s equity also withdrew from the partnership.

Over the years, Ortigas Central Business Districts became one of the most visited in terms of investment and development. Where we can recall some areas that are grasslands now known as follows:

… residential subdivisions (Barranca, Capitol, Wack-Wack, Greenhills, Valle Verde, Greenmeadows)

… shopping complexes (Greenhills Shopping Center, Tiendesitas at Frontera Verde, SM Megamall, Robinson’s Galleria, EDSA Shangri-La Plaza)

… hospitals (The New Medical City, Rizal Provincial Hospital, Cardinal Santos Medical Center)

… schools (De La Salle – Greenhills, Xavier School, Immaculate Conception Academy, Lourdes School, St. Pedro Poveda College, St. Paul College)

… churches (Santuario de San Jose, Mary The Queen, St. Francis, Our Lady of Peace Parish / EDSA Shrine)

… army camps (Camp Crame, Camp Aguinaldo, Rizal PC Headquarters)

… exclusive golf and country clubs (Valle Verde Country Club, Green Valley Country Club, Wack-Wack Golf and Country Club)

At the mid of the following cities in Metro Manila,

Mandaluyong City in West Side

The western portion of Ortigas Center is part of Mandaluyong City. It is in the eastern side of Barangay Wackwack Greenhills. Mandaluyong is known for being the “Shopping Capital of the Philippines” because it is home to a cluster of shopping centers which stand side by side. This is where most of the shopping malls in the area located like SM MegamallThe PodiumShangri-la Plaza Mall and St. Francis Square Mall. It is also proximity to nearby Cybergate Center.

Quezon City in the North Side

The northern portion of the area is part of Quezon City. It is situated South of Ugong Norte. The People Power Monument and Robinsons Galleria is situated here. Robinsons Galleria is a mixed-use complex composed of two high-rise office towers namely the Galleria Corporate Center and the Robinsons-Equitable Tower, the Holiday Inn Manila and Crowne Plaza Manila, the Galleria Regency and a 5-level shopping mall. Before Robinsons Galleria, This mall used to be an open land owned by SSS at Ortigas CBD. In 1986, they used the land for the People Power Revolution. In 1987, John Gokongwei bought the large portion of the land from SSS. It started construction on mid-1988 and finished on late-1989. The mall opened in 1990 being the first mall of Robinsons Malls.

Pasig City in the East Side

The eastern portion of Ortigas Center is part of Pasig City. The whole place is politically known as Barangay San Antonio. It is where most of Pasig’s Financial Resources are primarily concentrated. This is where most of skyscrapers of Ortigas Center located. The barangay of San Antonio has the largest income in Pasig, second only to Barangay San Lorenzo of Makati City as the largest single income-generated government unit in the Philippines.

Ortigas Center is surrounded by the streets of EDSA to the west, Ortigas Avenue to the north, Meralco Avenue to the east, and Shaw Boulevard to the south. This makes Ortigas Central Business District became the top business districts of Philippines.

Leave your reply: 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s