The state firm Clark Development Corp. (CDC) said the South Korean project is dubbed The Sharp Clark Hills which is expected to be Clark’s first premium residential town with five 21-storey condominium buildings each having 508 units.
The Sharp Clark Hills is set for completion by year 2020, CDC said. CDC said the project is a joint venture of South Korea’s POSCO Engineering and Construction Co. Ltd., (POSCO E&C) and JB Cresta which will merge as the Sharp Clark Hills Corp. (SCHC).
“The company will be in charge with the development and construction of the stateof- the-art condominium buildings, including support amenities such as a clubhouse, swimming pool, gym, spa and other related facilities, “ the CDC noted.
It also noted that POSCO Engineering and Construction Co. Ltd. is one of the largest construction firms in the world and is known to also design highways, bridges, roads and airport On the other hand, JB Cresta Corp. is a Clark locator since 2007 as tourism, leisure estate developer.
POSCO E&C’s website notes “ our success in new city and complex development projects, including the Songdo International Business District in South Korea and the North An Khanh New City in Vietnam, as well as in renewable energy projects, including solar, wind and tidal energy.”
Present during its groundbreaking ceremonies recently were: Yong Il Lee, executive vice president of POSCO E&C; Seung Sik Shin, representative of JB Clark Hills Corp.; Jung Hyub Lee project manager of SCHC and Evangeline Tejada, CDC vice president for business development and business enhancement.
The project is expected to employ 500 construction workers during construction and 50-70 regular workers once fully operational.
