Project | |
---|---|
Opening date | 2012 (as Arca South) |
Developer | Ayala Land |
Owner | Ayala Land |
Website | Arca South |
Physical features | |
Transport | FTI AS01 Arca South Future: MMS FTI Taguig Integrated Terminal Exchange |
Location | |
Coordinates: 14°30′11.49″N 121°2′37.53″E / 14.5031917°N 121.0437583°E | |
Country | Philippines |
Location | Taguig, Metro Manila |
Address | Western Bicutan, Taguig City 1630 Metro Manila, Philippines |
Arca South is a 74-hectare (180-acre) planned unit development owned by Ayala Land, Inc. located at East Service Road, Barangay Western Bicutan, Taguig.
It was formerly part of Food Terminal Inc. before being sold to Ayala Land.
With the decline of FTI, established in 1974, there have been several attempts over multiple Philippines presidential administrations to sell off part of the property, including a public auction in 2009, but they all failed.[1]
In November 2012, the Philippine government announced the sale of the 74 hectares (180 acres) of the 120-hectare (300-acre) property to Ayala Land, Inc. for ₱24.3 billion.[2][1] Ayala plans to turn the property into a mixed-use development.[2] Proceeds from the sale are pledged to the programs of the Department of Agriculture and the Department of Agrarian Reform. The remaining 46 hectares (110 acres) remains in FTI.[2]
In 2013, Ayala Land renamed their property into Arca South.[3] Current construction of the mall is estimated to be completed by 2027, ten years after its initial target date.
The planned North–South Commuter Railway and Metro Manila Subway's FTI station will be connected to the Taguig Integrated Terminal Exchange (TITX), which is located in Arca South.[12]