Iloilo Business Park
View of Iloilo Business Park from SM City Iloilo, January 2015
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| Location | Mandurriao, Iloilo City, Iloilo, Philippines |
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| Coordinates | 10°42′53″N 122°32′41″E / 10.71472°N 122.54472°ECoordinates: 10°42′53″N 122°32′41″E / 10.71472°N 122.54472°E |
| Developer | Megaworld Corporation |
| Owner | Megaworld Corporation |
| Website | Official website |
Iloilo Business Park is a 72-hectare (180-acre) mixed-use master-planned community development in Mandurriao, Iloilo City, Philippines by Megaworld Corporation. It is located on the site of Iloilo's former airport, Mandurriao Airport, which the conglomerate acquired for 1.2 Billion Pesos from the Philippine national government. Megaworld is projected to pour in ₱25 Billion for the entire development in a span of years. It is an integrated township project that will feature a commercial district, a lifestyle mall, office buildings catering to business process outsourcing firms, boutique and deluxe hotels, and a convention center.
Initial development includes construction of a road network, the 12-storey Richmonde Hotel Iloilo and Richmonde Tower, Festive Walk, Two Business Process Outsourcing office buildings. The IT complex has been certified as an information technology park by the Philippine Economic Zone Authority (PEZA), granting locators perks such as tax holidays and duty-free importation of equipment among others.
Megaworld is setting aside a 9.7-hectare lot for the boutique hotel and commercial district which is being offered to interested business owners.
Iloilo Business Park increased by an additional 18 hectares, bringing the project to roughly 72 hectares from its initial 54.5 hectare-size. This is due to the increasing demand for residential and commercial properties and good reception to Megaworld's first development in the region and biggest township in the Visayas, modeled after the live-work-play approach that it claims to have pioneered in the Philippines.
One Madison Place Luxury Residences is Megaworld's 1,700-square meter residential development within Iloilo Business Park. It consists of three 10-story mid-rise towers along Megaworld Boulevard. All towers have layouts ranging from studios to two-bedroom units. Each unit will be pre-furnished and has top-of-the-line amenities separated from the first tower. These include the swimming pool with composite wood deck, aqua fitness pool, outdoor spa, outdoor fitness station, function rooms, children’s play area, reading nook with green wall features, trellised seating area, pocket gardens, and a state-of-the-art fitness gym. An arcade of retail shops is also expected to open at the ground floor.
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