Araneta City
Also known as: Araneta City · Araneta Center · Araneta Cubao
Definition
Araneta City, formerly known as the Araneta Center, is a 35-hectare transit-oriented commercial, entertainment, and residential district located in Cubao, Quezon City, Metro Manila, Philippines. Owned and developed by the Araneta Group (led by the Araneta family) starting in the 1950s, the district is situated at the crossroads of two major transit systems (LRT-2 and MRT-3) and two major highways (EDSA and Aurora Boulevard). It hosts the historic Smart Araneta Coliseum, major retail malls, office towers, BPO centers, and high-rise residential condominiums. (Wikipedia, Araneta City Govt)
Identities
| Source Type | Identity |
|---|---|
| Wikipedia | Araneta City |
| Wikidata | Q4784061 |
| DBpedia | Araneta_City |
| ProductOntology | N/A |
| Wiktionary | N/A |
| Library of Congress Subject Headings (LCSH) | N/A |
| MeSH | N/A |
| NCBI Taxonomy | N/A |
| AGROVOC | N/A |
| Google Scholar | Araneta City Cubao real estate transit oriented development coliseum |
| ConceptNet | N/A |
| OpenCyc | N/A |
Also Known As
- Araneta City
- Araneta Center
- Araneta Cubao
Examples and Analogies
- Smart Araneta Coliseum: The iconic indoor arena, colloquially ‘The Big Dome,’ serving as the central landmark of the district.
- Manhattan Garden City: A massive multi-phase residential condominium development in Araneta City, featuring direct elevated walkways to transit stations.
Usage Scenarios
1. Purchasing a Condo in Cubao
A commuter buys a unit in Manhattan Plaza to live near the intersection of the MRT-3 and LRT-2 transit lines.
2. Opening a BPO Office
A call center company leases office space in the Cyberpark office towers to leverage Cubao’s abundant commuter workforce.
Strategies
- Focus property investments near the transit terminals to capture the highest commuter passenger traffic and rental demand.
- Leverage the district’s entertainment and commercial heritage to build food, beverage, and retail services.
Security and Safety Measures
- Verify all Condominium Certificates of Title (CCT) at the Registry of Deeds of Quezon City before transaction.
- Ensure that properties near high-density public areas incorporate strong physical security and access systems.
Historical Context
In 1952, J. Amado Araneta purchased 35 hectares of land in Cubao to build a commercial hub. The Araneta Coliseum opened in 1960 as the world’s largest indoor dome, anchoring the development of theaters, shopping centers, and bus terminals. The center underwent a major redevelopment master plan in the 2000s, rebranding to Araneta City in 2019 to emphasize its transition into a high-density mixed-use cyberpark and residential center. (Wikipedia)
Challenges and Controversies
Severe Vehicular Traffic
The intersection of EDSA and Aurora Boulevard causes severe traffic bottlenecks, impacting road travel times.
High Density Urban Vacancies
High concentration of residential units in Cubao can lead to competitive leasing pressures among unit owners.
Related Topic
- EDSA
- MRT Line 3
- LRT Line 2
- Zoning