Cebu Landmasters, Xavier University To Build Premier University Town in CDO
Cagayan de Oro, Philippines—After beating other major real estate players, Cebu Landmasters Inc. (CLI) is now in talks with Xavier University-Ateneo de Cagayan (XU) to transform the latter’s 63.5-hectare “Manresa” property into a premier university town over the next several years.
The property is located in uptown Cagayan de Oro (CDO). It’s also near XU’s 12-hectare campus at the Pueblo de Oro township.
Still subject for final approval, this new development is expected to change the landscape in both the uptown and downtown CDO.
“I’m pleased to note that our mastery of the VisMin area allowed us to win the trust and confidence of Xavier University’s leaders. Our proposed masterplan is inspired not only by the best campuses here and abroad but also inspired by our deep roots in the Ateneo. We’re highly committed to meet their expectations,” said CLI President and CEO Jose Soberano III in a statement.
The proposed masterplan features modern school buildings, dormitories, a main plaza, interconnected courtyards, an amphitheater, a university forum that incorporates a museum, theatre, gallery, and generous green open spaces.
For the past decade, XU had been considering to move most of its operations out from its 6-hectare campus in downtown CDO, along Corrales Avenue, to provide a better learning environment for its college students. The planned new campus can accommodate up to 25,000 students.
CLI proposes to acquire a 14.3-hectare portion of the Manresa property to integrate complementary commercial, residential, office, and leisure uses to the planned university town.
CLI also intends to acquire a portion of the Corrales campus and convert this into downtown CDO’s Central Business District, with XU’s Church of the Immaculate Conception at its heart.
These acquisitions will fund the development of the Manresa campus and the redesign of the Corrales campus for XU’s School of Medicine, College of Law, and most of its graduate programs.