Damosa Diamond Tower: Davao’s Future Symbol of Agriculture and Real Estate
Mindanao’s economic performance has grown remarkably in the past few years, notwithstanding some challenges, particularly the implementation of Martial Law in the whole region and a phase of sudden inflation along with the entire Philippines. Mindanao continued to contribute largely to the national economic growth, owing to its rich agricultural sector, with large produce that are for export.
This substantial growth in agriculture has been paralleled by the boom of the real estate industry in the region. Construction, property development, and advancement of infrastructure services have sprung in many areas in the cities and municipalities in Mindanao, most notably in the city of Davao.
Davao-based real estate developers seized this favorable opportunity to keep up with this rapid progress. The economy of Davao, being the largest city in the Philippines and the most urbanized in the southern part of the country, continue to attract sectors such as industrial and tourism that are at an all-time high, empowering the city and the region even more.
Damosa Land Inc. is one of the homegrown developers that stepped up to this trend.
Damosa Land is an affiliate of the Anflo Group of Companies, the biggest business conglomerate in Mindanao, owned by the Floirendo family.
Damosa Land established itself in the industry with its business and lifestyle-oriented commercial center, Damosa District in Lanang, Davao City. In the recent years, it ventured into developing residential properties and now, its expansion has extended to developing industrial, agricultural, and more mixed-use developments in the city and in the province of Davao del Norte.
On December 7, 2018, Damosa Land broke ground for Damosa Diamond Tower, a 15-storey building that will stand amongst the two other buildings in Southern Mindanao’s first PEZA-accredited park, the Damosa IT Park in Damosa District, Lanang, Davao City.
Damosa Land Vice President Ricardo Lagdameo proudly shares, “This next project of Damosa Land will be something of a milestone for the company. It is one of our biggest projects today. It is our attempt to help shape the skyline of Davao city which is constantly changing over the last few years.”
Designed by PDP Architects and with Carwill Construction Inc. as the construction partner, the Diamond Tower has a total floor area of 20,000 sq.m. and will reflect a piece of Davao city’s history and the heritage of the Floirendo family’s agricultural roots in its overall aesthetics, hence, will have banana fibers in its design.
“The history of Davao and the history of the Floirendo family is purely agriculture. The wavy lines [in the building] depict banana fibers or abaca fibers. So it’s truly something that characterizes the city and what our family is all about. So our tenants and locators who will be locating here in the Diamond tower will be like having a piece of Davao City and its rich culture and history,” Lagdameo said.
Sustainable technology is applied throughout the tower which will include a green roof deck, solar energy, LED lights, exterior fin placement wherein the gentle weave patterns function in helping the building’s insulation system. It will be fully operational 24/7 as it will have 100% back-up power supply.
Damosa Diamond Tower is targeted to be completed by 2020 to welcome lessees.