Alturas Group launches P25B tourism project

BOHOL-HOMEGROWN Alturas Group has earmarked P25 billion for the development of Panglao Shores, a 57-hectare mixed-use project that is poised to elevate Bohol’s eco-tourism offering.

Conceived by Panglao Bay Premiere Parks and Resorts Corp., a subsidiary of Alturas Group of Companies, the project is located on the southern coast of Panglao, just off the coast of Bohol.

Panglao Shores is one of five flagship projects under the Tourism Infrastructure and Enterprise Zone Authority.

The mixed-use development will have six hotels and resorts; 37,000 square meters of retail and commercial space; over 1,000 residential units; and an international medical facility.

This multi-billion project promised to put sustainability, community and local culture as its guiding principles.

The pandemic created many challenges for businesses that led to hardship and layoffs. Alturas retained all staff, however, repurposing them into sometimes unfamiliar roles as they built South Farm to support local communities.

Over time it became a sustainability incubator, a place to meet, practice, experiment and cultivate resources, plant trees, store materials such as recycled woods and it evolved into a place that simply and most meaningfully represented the essence of the inclusive culture and community ethos of Alturas.

South Farm is the inspiration for the entire Panglao Shores development.

The success and spirit engendered at South Farm left a deep impression on Alturas Group, founded by the Uy family, and from this seed a wider vision for the future was developed with the help of London-based sustainability experts, XCO2, and master planners SCSY who’s head office is located in Singapore.

“It was an epiphany for us, a real moment of awakening,” said Hope Uy, chief executive officer of Panglao Shores, in a statement.

“The realization was that here was an opportunity to create a generational product, inspired by Bohol, on a scale that would enable a fully integrated community to flourish with sustainability at its core.”

The Alturas Group has stakes in retail, commercial and agro-industrial sectors in Bohol.

Already under construction inside Panglao Shores is the 188-room South Palms Resort with completion scheduled in 2024.

At the heart of this project is the Town Square retail mall and night market described to be an indoor-outdoor hub of shopping, dining and entertainment with live performance areas, garden walkways and courtyards.

This will be surrounded by facilities and amenities, including commercial and retail, residential villages, a convention center, co-working spaces, international hotels and resorts, and a beach club, all entwined with lush greenery and natural walkways.

The company said international eco-building standards and materials have been incorporated throughout, such as high-performance glass, natural ventilation and solar harvesting, along with smart technologies, electric transport, water treatment, waste reduction and the removal of all single-use plastics.

Support will also be extended to the community.

The company said local vendors will be supported to sell crafts and native farmers and fishing communities have been built into the supply chain. Children’s education will also be supported as well as protection of coral reefs. (KOC)