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Project P1-B will create jobs in Naga City.

One of the biggest developers in the country will build a PHP1 billion mixed-use real estate complex along Roxas Avenue in Barangay Triangulo, Naga City.

In an interview on Wednesday, Mayor Nelson Legacion stated that the Filinvest Land Incorporated project is in line with the city government’s goal of offering more contemporary and environmentally friendly lodging options to residents as well as those who frequently travel to or visit the city.

In addition to strengthening the socio-economic climate of the city, the project is anticipated to create job possibilities for the locals, he said.

Legacion claimed that the project’s scale model revealed that a smart-value residential condominium would be built on a 1.9-hectare property using four eight-story structures.

According to a post on the Teodoro Realty website, Tristan Las Marias, president and chief strategy officer of Filinvest Land, “Naga is one of the country’s fastest-growing cities and is without a doubt the center of commerce and culture of Bicol. Our investment in Naga not only demonstrates our unwavering dedication to realizing the Filipino dream throughout the archipelago, but it also solidifies what we anticipate will be a long-lasting close connection with Naga.

According to a statement from City Councilor Jose Perez, who serves as the chair of the Sangguniang Panlungsod’s Committee on Investment, Trade, Industry, and Economic Enterprise, the city’s good peace and order situation has facilitated the growth of investments, allowing it to create more job opportunities and draw in more tourists.

He also acknowledged the existence of various educational institutions that can quickly meet the demand for human resources from various businesses and ventures.

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