Manila Jockey Club, Megaworld team up for San Lazaro hub upgrade

Manila Jockey Club, Megaworld team up for San Lazaro hub upgrade

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.

Source: Inquirer

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