Blue Wave-Marikina
Encyclopedia
Blue Wave-Marikina, also known as Blue Wave at Marquinton, is a mall and office complex in Marikina City
, Metro Manila
, developed by Federal Land. It sits on a 2 hectares (4.9 acre) site just off the Sumulong Highway
, at the northwest corner of the intersection with Mayor Gil Fernando Avenue.
.
In August 2008, an armed robbery occurred at the Metrobank
branch on the mall's ground floor. By a few days later, three of the five robbers had been caught. Police stated they were part of the Ampang-Colangco gang, which had committed a number of payroll, bank, and armor van robberies in Metro Manila.
, permanent reduced rate of corporate income tax, and other incentives. Tenants there include the NCO Group
, who opened their fourth Philippine call center there in June 2009 with 650 employees. , it is the only FedLand project to have this status, and one of only two in Marikina City (the other being Riverbanks Center
). However, PEZA also lists FedLand's Blue Wave-Metropolitan Park project in Pasay City
as an "economic zone being developed".
project in Pasay City
. It opened in August 2005, at a time when there was already a glut of retail space in Metro Manila and vacancy rates were expected to edge as high as 17%; nevertheless, it achieved nearly full occupancy by the month prior to its opening. It was the first new major retail development in Marikina City in over a decade. It formed part of a trend at the time of building smaller district and neighbourhood "niche retail" centers, of around 25000 square metres (29,899.8 sq yd) in floor area, in response to the overbuilding of larger shopping malls.
Marikina City
Marikina, officially the City of Marikina, known as the Shoe Capital of the Philippines, was former capital of the province of Manila during the declaration of Philippine Independence and one of the sixteen cities within the Manila Metropolitan Area. Marikina is part of Eastern Manila District of...
, Metro Manila
Metro Manila
Metropolitan Manila , the National Capital Region , or simply Metro Manila, is the metropolitan region encompassing the City of Manila and its surrounding areas in the Philippines...
, developed by Federal Land. It sits on a 2 hectares (4.9 acre) site just off the Sumulong Highway
Sumulong Highway
The Sumulong Highway, constructed in 1960, is the highway that connects Marikina City with Antipolo City and the municipalities of Teresa and Morong in the province of Rizal....
, at the northwest corner of the intersection with Mayor Gil Fernando Avenue.
Mall
The mall is a three-storey structure. It is located near the Marquinton residences, a medium-rise planned residential community which primarily targets families and is said to be the first of its type in Marikina. Despite that location, the mall itself targets a younger, upwardly-mobile customer segment, according to FedLand Brent Retail President Edward Tan. It features a four-screen cinema and a Robinsons SupermarketRobinsons Supermarket
Robinsons Supermarket is a supermaket chain in the Philippines a division of Robinsons Retail Group a subsidiary of J.G. Summit Holdings. It's competitorof several supermarket chains in the Philippines like SM, Rustans, Ever and other supermarket...
.
In August 2008, an armed robbery occurred at the Metrobank
Metropolitan Bank and Trust Company
The Metropolitan Bank and Trust Company , commonly known as Metrobank. It has a diverse offering of financial services, from regular banking to insurance. Metrobank is the second largest bank in the Philippines.-History:...
branch on the mall's ground floor. By a few days later, three of the five robbers had been caught. Police stated they were part of the Ampang-Colangco gang, which had committed a number of payroll, bank, and armor van robberies in Metro Manila.
Offices
Blue Wave-Marikina IT Center is listed as an approved IT Center by the Philippine Economic Zone Authority (PEZA), making export-oriented companies located therein eligible for temporary tax holidayTax holiday
A tax holiday is a temporary reduction or elimination of a tax. Programs may be referred to as tax abatements, tax subsidies, tax holidays, or tax reduction programs. Governments usually create tax holidays as incentives for business investment...
, permanent reduced rate of corporate income tax, and other incentives. Tenants there include the NCO Group
NCO Group
NCO Group, Inc. based in Horsham, Pennsylvania, is a business process outsourcing company that provides accounts receivable management , customer relationship management and back office solutions for its clients...
, who opened their fourth Philippine call center there in June 2009 with 650 employees. , it is the only FedLand project to have this status, and one of only two in Marikina City (the other being Riverbanks Center
Riverbanks Center
Riverbanks Center is a mall and office complex located off of Andres Bonifacio Avenue in Barangay Barangka, Marikina City, Metro Manila, near the Marcos Bridge over the Marikina River.-History:...
). However, PEZA also lists FedLand's Blue Wave-Metropolitan Park project in Pasay City
Pasay City
The City of Pasay is one of the cities and municipalities that make up Metro Manila in the Philippines. It is bordered on the north by the country's capital, Manila, to the northeast by Makati City, to the east by Taguig City, and Parañaque City to the south.Pasay City was one of the original four...
as an "economic zone being developed".
History
Blue Wave-Marikina is a follow-on project building on the success of FedLand's earlier Blue Wave-Metropolitan Park strip mallStrip mall
A strip mall is an open-area shopping center where the stores are arranged in a row, with a sidewalk in front. Strip malls are typically developed as a unit and have large parking lots in front...
project in Pasay City
Pasay City
The City of Pasay is one of the cities and municipalities that make up Metro Manila in the Philippines. It is bordered on the north by the country's capital, Manila, to the northeast by Makati City, to the east by Taguig City, and Parañaque City to the south.Pasay City was one of the original four...
. It opened in August 2005, at a time when there was already a glut of retail space in Metro Manila and vacancy rates were expected to edge as high as 17%; nevertheless, it achieved nearly full occupancy by the month prior to its opening. It was the first new major retail development in Marikina City in over a decade. It formed part of a trend at the time of building smaller district and neighbourhood "niche retail" centers, of around 25000 square metres (29,899.8 sq yd) in floor area, in response to the overbuilding of larger shopping malls.