CENTURY City Development Corp., an affiliate of Century Properties Inc., the largest privately owned property company in the Philippines, marked another milestone in real-estate history following the formal groundbreaking of its premier project: The Gramercy Residences. 

Located at the former International School Manila (ISM), The Gramercy Residences project property was purchased in 2006 by a consortium composed of Century Properties Inc. and Picar Holdings. Century Properties Inc., through its affiliate Century City Development Corp. (CCDC), will be developing its share of the ISM property into Century City, a sprawling mixed-use development that will contain residential, retail and office components.

True to its commitment to continue the world-class heritage of ISM, multiawarded Century Properties envisions to build an architectural masterpiece in The Gramercy Residences, the first building to rise in Century City.  Its conceptual designer is the world-renowned Jerde Partnership with Filipino architectural firm Roger Villarosa Architects and Associates. Excavation for The Gramercy will start before year-end, according to CCDC project director Raul Alvarez.

Named after a private residential park in New York, the P6-billion Gramercy will have approximately 1,200 residential units that come in flat and loft configurations—from a 28-sq-m studio to a 160-sq-m three-bedroom loft. There are six interior-design themes to choose from.

Fully fitted, fully furnished and fully serviced units, a concept pioneered by the company, are among the biggest selling points of the project. It will also feature a six-level lifestyle and entertainment center.

The Gramercy’s so-called hyper-amenities include the 6,000-sq-m, three-floor SkyPark, an amenity deck with three pools, three gyms, a day-care center, spa, DVD library and THX theater, café, book club, lounge, conference room and yoga, among others.

Clarification: Century City is a 3.4 hectare development within the former International School of Manila (“Property”) consisting of 4.8 hectares. Picar Holdings Inc. owns 1.3 hectares of the property and has the exclusive right to build a hotel.  

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CENTURY City Development Corp., an affiliate of Century Properties Inc., the largest privately owned property company in the Philippines, marked another milestone in real-estate history following the formal groundbreaking of its premier project: The Gramercy Residences.