Cebu Landmasters get NHCP nod to redevelop Patria de Cebu
Soberano-led Cebu Landmasters Inc. secured the approval of the National Historical Commission of the Philippines (NHCP) to redevelop the 6,670 square meter Patria de Cebu property into a P900 million mixed-use complex.
NHCP approved the project provided that CLI would retain the original structure of Patria de Cebu.
“The final design of Patria de Cebu is a collaboration between the Archdiocese of Cebu, CLI and key stakeholders. It was agreed that it is crucial in the redevelopment to keep the main Patria building while integrating it with a new practical structure to preserve the heritage of the Patria for the people of Cebu,” CLI president and CEO Jose Soberano III said.
CLI entered into a partnership with the Archdiocese of Cebu to develop the Patria de Cebu property for 40 years.
The project, which is expected to serve as a centerpiece of the 500th year celebration of Christianity in Cebu in 202, includes the construction of retail and office spaces with a gross floor area of 21,000 sqm. as well as a 167-room hotel.