The Mactan Newtown, is a mixed-use, master-planned
central business district
A central business district (CBD) is the Commerce, commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides wit ...
located in
Lapu-Lapu City
Lapu-Lapu, officially the City of Lapu-Lapu (; ), is a highly urbanized city in the Central Visayas region of the Philippines. According to the 2020 census, it has a population of 497,604 people.
It was formerly known as Opon, which was ch ...
,
Cebu
Cebu ( ; ), officially the Province of Cebu (; ), is a province of the Philippines located in the Central Visayas region, and consists of a main island and 167 surrounding islands and islets. The coastal zone of Cebu is identified as a ...
, Philippines. It is the first integrated township development built by
Megaworld Corporation
Megaworld Corporation () is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index.
The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educa ...
outside of Metro Manila, and caters facilities and establishments such as condominiums, hotels,
business process outsourcing office towers,
a lifestyle mall, a school, a convention center, and a beachfront.
In 2014, Megaworld increased its investment on the township development from ₱20 billion, to ₱30 billion after forming a joint venture (JV) with Landmark Inc. for the development of an 11.5-hectare beachfront property, which expanded the Mactan Newtown development from 16.8 hectares to 28.8 hectares. The township also includes the upcoming Mactan Expo Center, a standalone convention facility developed by Megaworld. The P1.5 billion Mactan Expo Center, designed for up to 3,000 attendees with several sustainability features, is slated to open in late 2025.
Commercial
Mactan Newtown Beach Walk
The Mactan Newtown will include commercial establishments, such as the Mactan Newtown Beach Walk. The two-level lifestyle mall will be situated on a beachside cliff and will highlight a 1.4-hectare man-made lagoon, a 3-story boutique hotel, garden chapel, beach walk, and rows of retail shops and restaurants including four cinemas. Megaworld was projected to spend ₱1.5 billion to construct the Mactan Newtown Beach Walk, which was expected to be completed by 2021.
Residential
The Mactan Newtown caters multiple residential developments. Such as the 8 Newton Boulevard, which includes four 18-stories high towers, One Pacific Residence, La Victoria Global Residences, a 20-story condominium building that will include 181 units, and The Pearl Global Residences, a 20-story condominium that will add 222 units from the Mactan Newtown's 1,836 existing residential units from its inventory.
References
{{Reflist
Lapu-Lapu City