PROPERTY developer Philippines Urban Living Solutions Inc. (PULS) broke ground on its largest dormitory to date, envisioned to house over 1,000 beds, green spaces and other amenities.
The seven-story dormitory called MyTown Los Angeles is set to rise along Kalayaan Avenue, Makati City. It is located just a few minutes’ walk from Uptown. The building is positioned alongside the BGC-Ortigas Link Bridge set to be completed by end of 2019. SM Investments Corp. (SMIC) has a minority stake in PULS.
The dorm will open in 2020.
“Location is key as we’ll bring much-needed MyTown co-living spaces to Uptown with this project. Moreover, the building is less than 15 minutes away from Makati CBD, 10 minutes from Ortigas, and other MyTown buildings are just a two- to five-minute walk from MyTown Los Angeles,” said Mark Kooijman, PULS chief executive.
To date, PULS has already 16 dormitories that cater mainly to BGC and Makati markets, serving more than 10,000 young professionals, with a total number of 3,000 beds overall.
With the launch of MyTown Los Angeles, the brand aims to expand its network and tap the Ortigas central business district markets.