Business and Economy
SM Property firm granted zoning exemption
The Quezon City Council has allowed SM Development Corp. to construct Time Residences Building, a residential complex in Barangay Nagkaisang Nayon after passing a resolution from the city’s comprehensive zoning ordinance. (Photo: SMDC The Good Guys/Facebook)
MANILA—The Quezon City Council has allowed SM Development Corp. to construct Time Residences Building, a residential complex in Barangay Nagkaisang Nayon after passing a resolution from the city’s comprehensive zoning ordinance.
The city Resolution 7056-2017, introduced by Councilor Marvin Rillo, declared that SMDC has complied with all the necessary requirements prescribed by law and after determining that the project, “will not affect public health and safety, and welfare, and in keeping up with the general pattern of development in the community.”
The Time Residences is located inside a Medium Intensity Industrial Zone along Reliance Street in Sitio Kapre, Barangay Nagkaisang Nayon. The residential complex is composed of seven 6-storey and four 5-storey buildings.
The resolution also authorized the city government to issue a Certificate of Exception to the SMDC, allowing deviation from the parking requirements provided under Ordinance No. SP-918, S-2000, otherwise known as the Quezon City Comprehensive Zoning Ordinance, as amended.
