It is also home to the Banco de Oro main office owned by mall tycoon Henry Sy, Sr., as is the SM Megamall he owns—one of the largest malls in the nation—along EDSA. Also located near the Ortigas Center is The Medical City, one of the three hospitals in the nation accredited by the Joint Commission on International Accreditation.[2] Ortigas Center is surrounded by Ortigas Avenue to the north, EDSA to the west, Meralco Avenue to the east, and Shaw Boulevard to the south.[3]
History
Ortigas Center began as the 4,033-hectare (9,970-acre) "Hacienda de Mandaloyon",[4] an estate from the Augustinian Order that spanned the present-day cities of San Juan, Mandaluyong, Quezon City, and Pasig. On January 20, 1920, the Augustinian friars sold this property to Dr. Frank W. Dudley and Don Francisco Ortigas. Dudley later surrendered his interest to Phil C. Whitaker, and the company became known as Whitaker and Ortigas. In the following years, there were several changes of partners. Then, on July 10, 1931, the company was incorporated as "Ortigas, Madrigal y cia., S. en C." as a limited partnership by shares (Spanish: sociedad comanditaria por acciones). The parties to the partnership were Francisco Ortigas (Don Paco), Vicente Madrigal, B.C.M. Johnston, Fulgencio Borromeo, Clyde A. Dewitt and future PresidentManuel L. Quezon.[5]
When Ortigas & Company acquired the estate, it was a virtual wasteland. The vision of the management, headed by Atty. Francisco Ortigas Jr., who was president and chairman at that time, turned it into a progressive industrial, commercial and residential urban complex.[citation needed]
It would only take until the 1960s for development to begin in the district with the building of the first structures.[citation needed]
The eastern extension areas of Ortigas Center are Ortigas East located at Barangay Ugong along C-5 Road and Capitol Commons located at Barangay Oranbo.
This article uses material from the Wikipedia article Ortigas_Center, and is written by contributors.
Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.