Projects
SM Manila Bay | manila
This project is a major waterfront reclamation for an extension of the city into Manila Bay. Lying just outside an existing reclamation from the 1980s, 3 new islands will be created, separated by canals and connected with bridges in a way that preserves existing waterfront property.
Any development of this size will have the entire complement of land uses found in a city, with residential being the largest use, but the plan is for the area to become a new central business district for the city, comparable in size to some of Manila's existing business districts. Hotels, marinas, a cruise terminal, and various entertainment attractions will also be provided.
The development will feature significant open space both at the water's edge and in major civic parks at the center of each island. A new transit system will also circulate throughout and connect back to the rest of the city.
The projected population of the district is over a half a million people; in the daytime, this will increase further with almost 400,000 employees expected to work in the area. Manila is already one of the largest urban areas in the world and it continues to grow. Detailed projections were made to ensure the development reflected the market potential and covered what was required to be financial feasible.
Role: Brian Jennett led the economic portions of the project, which consisted of real estate market analysis, land use planning, development strategy, financial feasibility, and economic/fiscal impact assessment.
Key Facts:
726 hectares
Reclamation project: new land created on 3 new islands
16 million square meters of development
45 year development timeline
Population: 575,000 residents; 375,000 employees
Projected Cost: $34 billion
Scope of Work included Real Estate Market Analysis, Development and Planning Strategy
Completed while a Director of Economics + Planning at AECOM