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Megaworld sets P2.5B for Eastwood redevelopment
Business World Philippines
|June 12, 2025
LISTED property developer Megaworld Corp. has begun the P2.5-billion redevelopment of its 18.5-hectare Eastwood City township as part of efforts to enhance its commercial and lifestyle offerings.
In a statement on Wednesday, Megaworld said it is currently upgrading various commercial areas and lifestyle malls, including Eastwood Citywalk, Eastwood Mall, and the Eastwood Mall Open Park.
Eastwood City, launched in 1997, is Megaworld's first mixed-use development. It comprises 23 residential condominium towers, 11 office buildings, and three lifestyle malls, with nearly 500 restaurants and retail shops.
The redevelopment plan includes the ongoing enhancement of Eastwood Richmonde Hotel and the phased refurbishment of office towers, beginning with the recently completed renovation of IBM Plaza.
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