Premier horse racing club Manila Jockey Club Inc. is bolstering its property development pipeline by teaming up with tycoon Andrew Tan-led Megaworld Corp. to develop the remaining 1.67-hectare land in its former home in Sta. Cruz, Manila, into a new residential and commercial complex.
Since relocating its horse racing activities to Carmona, Cavite, in 2003, Manila Jockey has redeveloped the San Lazaro Hippodrome into a residential and commercial complex now known as the San Lazaro Tourism and Business Park (SLTBP). The total 16-hectare property features Winford Hotel and Casino, a business process outsourcing (BPO) office and a residential complex developed by Ayala Land and its subsidiaries, and a shopping mall built by SM Prime.
The remaining 1.67-hectare property in the former horse racing site would be developed under a joint venture with Megaworld, giving rise to King’s Plaza, envisioned to be an upscale, mixed-use complex with a five-level commercial podium, three residential towers and ample parking facilities, Manila Jockey said in a press statement.
The residential towers would have 42 stories each, creating new residential inventory for home-seekers in Manila’s Chinatown area. The project would offer a combination of studio and one- to three-bedroom units.