Ortigas Center is a central business district located within the joint boundaries of Pasig, Mandaluyong and Quezon City, within the Metro Manila region in the Philippines. With an area of more than 100 hectares (250 acres), it is Metro Manila's second most important business district after Makati Central Business District.[1] It is governed by Ortigas Center Association, Inc.
Ortigas Center | |
|---|---|
Ortigas Skyline Emerald Avenue Ortigas Avenue Ortigas Park Julia Vargas Elevated Plaza Mandaluyong side | |
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  Ortigas Center Location within Metro Manila. | |
| Coordinates: 14°35′0″N 121°3′40″E / 14.58333°N 121.06111°E | |
| Country | Philippines |
| Region | National Capital Region |
| Cities | Pasig, Mandaluyong and Quezon City |
| Established | July 10, 1931 |
| Area | |
| • Land | 1.01 km2 (0.39 sq mi) |
| Elevation | 43.87 m (143.93 ft) |
| Time zone | UTC+8 (PST) |
| Area code | 2 |
| Website | ortigas.com.ph  |
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Ortigas Center is home to many shopping malls, office and condominium skyscrapers, nightlife bars, restaurants and other building complexes. These include the St. Francis Square, the Asian Development Bank compound, the Oakwood Premier serviced apartments and a Shangri-La hotel. It is also home to the headquarters of San Miguel Corporation, Jollibee Foods Corporation, Viva Communications, Century Pacific Food, and Rebisco. Also present in the area are Philippine offices of prominent engineering firms such as Parsons Brinckerhoff, Sinclair Knight Merz, and WSP Group.
It is also home to the Banco de Oro main office owned by mall tycoon Henry Sy, Sr., as is the SM Megamall he owns—one of the largest malls in the nation—along EDSA. Also located near the Ortigas Center is The Medical City, one of the three hospitals in the nation accredited by the Joint Commission on International Accreditation.[2] Ortigas Center is surrounded by Ortigas Avenue to the north, EDSA to the west, Meralco Avenue to the east, and Shaw Boulevard to the south.[3]
History
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Ortigas Center began as the 4,033-hectare (9,970-acre) "Hacienda de Mandaloyon" (also known as "Mandaloyen," "Mandaloyong," or "Mandaloya"),[4][5] an estate from the Augustinian Order that spanned the present-day cities of San Juan, Mandaluyong, Quezon City, and Pasig. On January 20, 1920, the Augustinian friars sold this property to Dr. Frank W. Dudley and Don Francisco Ortigas. Dudley later surrendered his interest to Phil C. Whitaker, and the company became known as Whitaker and Ortigas. In the following years, there were several changes of partners. Then, on July 10, 1931, the company was incorporated as "Ortigas, Madrigal y cia., S. en C." as a limited partnership by shares (Spanish: sociedad comanditaria por acciones). The parties to the partnership were Francisco Ortigas (Don Paco), Vicente Madrigal, B.C.M. Johnston, Fulgencio Borromeo, Clyde A. Dewitt and future President Manuel L. Quezon.[6]
When Ortigas & Company acquired the estate, it was a virtual wasteland. The vision of the management, headed by Atty. Francisco Ortigas Jr., who was president and chairman at that time, turned it into a progressive industrial, commercial and residential urban complex.[citation needed]
It would only take until the 1960s for development to begin in the district with the building of the first structures.[citation needed]
In 1997, the price of land within Ortigas Center ranged from ₱150,000 to ₱220,000 per square meter, equivalent to ₱405,681 to ₱594,999 per square meter in 2021.[7]
Districts
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North Side
editThe northern portion of the area is part of Quezon City. It is situated south of Ugong Norte. The EDSA Shrine and Robinsons Galleria is situated here. Robinsons Galleria is a mixed-use complex composed of two high-rise office towers namely the Galleria Corporate Center and the Robinsons Equitable Tower, the Holiday Inn Manila Ortigas and Crowne Plaza Manila Galleria, the Galleria Regency and a 5-level shopping mall. Before Robinsons Galleria, this mall used to be an open land owned by SSS within Ortigas Center. In 1986, they used the land for the People Power Revolution. In 1987, John Gokongwei bought the large portion of the land from SSS. It started construction on mid-1988 and finished on late-1989. The mall opened in 1990 being the first mall of Robinsons Malls. Buildings like the UnionBank Plaza, Marco Polo Ortigas Manila, The Robinsons Cyberscape, The Orient Square, The Joy-Nostalg Center, The Meralco Theater are located here, as well as the Famous EDSA Shrine.
West Side
editThe western portion of Ortigas Center is part of Mandaluyong. It is in the eastern side of Barangay Wack-Wack Greenhills. Mandaluyong is known for being the "Shopping Capital of the Philippines" because it is home to a cluster of shopping centers which stand side by side. This is where most of the shopping malls in the area located like SM Megamall, The Podium, Shangri-la Plaza Mall and St. Francis Square Mall. It is also proximity to nearby Robinsons Cybergate Center. The Asian Development Bank Headquarters, The Edsa Shangri-La, Manila, The One Shangri-La Place Towers, The St. Francis Shangri-La Place The Malayan Plaza, The Discovery Suites, and The BDO Corporate Center are also located here.
East Side
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The eastern portion is part of Pasig and is where most of the Ortigas Center's skyscrapers are located. The whole place is politically known as Barangay San Antonio. It is where most of Pasig's financial resources are primarily concentrated. The barangay of San Antonio has the largest income in Pasig, second only to San Lorenzo Village of Makati as the largest single income-generating government unit in the Philippines. Buildings like The Benpres Building (including the Lopez Museum), One Corporate Centre, One San Miguel Avenue, Orient Square, Wynsum Corporate Plaza, as well as the Department of Education (Philippines) Central Office and Region IV-B/Mimaropa Headquarters, The Tektite Towers, houses the former trading floor of the Philippine Stock Exchange, Ayala Malls The 30th, The Octagon (Ortigas Center) and The Capitol Commons are located here.
The eastern extension areas of Ortigas Center are Ortigas East located at Barangay Ugong along C-5 Road and Capitol Commons located at Barangay Oranbo.
Economy
editLocal and foreign companies serve the CBD, such as the Amberland Corporation, Aventis Pharma, Banco de Oro, Bank of Commerce, China State Construction Engineering Corp, Citibank, Digital Telecommunications Philippines, JG Summit Holdings and its affiliates (Robinsons Land Corporation, Robinsons Bank, and Robinsons Malls), Meralco, Neville Clarke Phils., PCCW, San Miguel Corporation, 7-Eleven, Sykes Enterprises, TÜV SÜD Phils, Inc., Union Bank of the Philippines, South Asialink Finance Corporation, Callhounds Global BPO Corporation, Vertiv, VeriFone, Asia United Bank (AUB), White Cloak Technologies, CARMA, and other companies.
Education
editAmong the universities and colleges situated within Ortigas are St. Paul College Pasig, University of Asia and the Pacific, and the Saint Pedro Poveda College. The Ateneo School of Medicine and Public Health of the Ateneo de Manila University is also located within the financial center. Lourdes School of Mandaluyong is among the secondary schools within Ortigas. MFI Polytechnic Institute which caters to technical and vocational courses can also be found in the financial center.
Buildings
edit- One Shangri-La Place
- The St. Francis Shangri-La Place
- BDO Corporate Center
- UnionBank Plaza
- One Corporate Center, Ortigas, Pasig
- St. Francis Square, Mandaluyong
- Marco Polo Ortigas Manila, Pasig
- Robinsons Equitable Tower, Pasig
- Strata 2000, Pasig
- Joy-Nostalg Center
- The Philippine Stock Exchange Centre, Ortigas Center, Pasig
References
edit- ^ "DTI Nationwide". Department of Trade and Industry. Archived from the original on July 17, 2014. Retrieved July 24, 2014.
- ^ "JCI Accredited Organizations - Joint Commission International". Archived from the original on July 28, 2012. Retrieved May 4, 2010.
- ^ "Ortigas Center" (PDF). Pronto Marketing. Asian Development Bank cartography unit. Archived (PDF) from the original on January 7, 2019. Retrieved January 7, 2019.
- ^ Manila and Suburbs (Map). July 25, 1944. Archived from the original on August 22, 2021. Retrieved August 22, 2021.
- ^ G.R. No. L-33952 (March 9, 1987), Ortigas & Company, Limited Partnership, Petitioner, V. Hon. Vivencio M. Ruiz, in His Capacity as Judge of the Court of First Instance of Rizal (Branch Xv), Inocencio Bernardo, Eugenio C. Santos; Anacleto Alejandro, Moises Javier, Alejandro Sta. Ana, Jose Santos, Domingo Inocencio, Blas Cruz, Cenon Raymundo, Esperidion Santos, Benigno Tuazon, Zoilo Cruz, Florencio Ebreo, Domingo Legaspi, Lucio Mendoza, Juan Reyes, Balbino Santos, Felipe Reyes, Onisimo J. Santiago, Manuel Espiritu, Toribio Bernardo, Felimon Reyes, Guillermo Bernal, Alfredo Espiritu, Celestino Cruz, Victorio Santos, Maximiano Inocencio, Antonino Cruz, Pascual Alejandro, Francisca Aguirre, Eladio Santos, Eduvijis Alejandro, Policarpio Legaspi, Alejandro Santiago, Genaro Cruz, Mariano Santos, Florencia Carasco, Dionisia Cruz, Rosario Santiago, Ignacia Tuazon, Eusebia Molina, Rosario Alejandro and Felipa Bernal, Respondents., Chan Robles Virtual Law Library, archived from the original on April 30, 2024, retrieved May 1, 2024
- ^ "The Developer". Ortigas Properties. Archived from the original on July 27, 2024. Retrieved June 5, 2022.
- ^ Marozzi, Justin (May 16, 1997). "City of lost confidence: Manila is losing steam, writes Justin Marozzi". Financial Times – via NexisUni.
Prospects are less clear at Fort Bonifacio, the 214ha mixed-use development which will challenge Makati as the capital's premier business district by the turn of the century. So far the take-up rate for the first 1,600 condominium units looks encouraging at 40 per cent. Land prices, meanwhile, have reached 200,000 pesos ($ 7,600) a sq m. This compares with Makati at 350,000-400,000 pesos a sq m and 150,000-220,000 pesos a sq m in Ortigas. The Makati-Ortigas differential in particular is expected to narrow.
External links
edit- Ortigas & Company Limited Partnership - Ortigas & Company Limited Partnership Corporate Website
