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Ayala Avenue: Wall Street of the Philippines


Ayala Avenue is a major thoroughfare in Makati, Philippines. It is one of the busiest roads in Metro Manila, crossing through the heart of Makati's central business district. A certain part of the Ayala Avenue forms Circumferential Road 3. Because of the many businesses located along the avenue, Ayala Avenue is aptly nicknamed the Wall Street of the Philippines. It is also a major link between Epifanio de los Santos Avenue (EDSA) to Metropolitan Avenue.

by Jhaypee Guia on September 05, 2012
Ayala Avenue: Wall Street of the Philippines

Ayala Triangle

Ayala Avenue is a major thoroughfare in Makati, Philippines. It is one of the busiest roads in Metro Manila, crossing through the heart of Makati's central business district. A certain part of the Ayala Avenue forms Circumferential Road 3. Because of the many businesses located along the avenue, Ayala Avenue is aptly nicknamed the Wall Street of the Philippines. It is also a major link between Epifanio de los Santos Avenue (EDSA) to Metropolitan Avenue.

History

Ayala Avenue's segment from Paseo de Roxas to Makati Avenue used to be a runway of the Nielson Airport, which was the first airport built in Luzon. The Paseo de Roxas's segment from Ayala Avenue to Makati Avenue used to be a runway of the airport. The airport was destroyed during the Japanese occupation of the Philippines on December 10, 1941 and resumed operations after the end World War II in 1947. The runways were converted into a road in 1949 when the permanent facilities of the airport was passed onto the owner of the land, the Ayala Corporation.

The runways' missing part to the main road (now Makati Avenue) was added. It later created new segments from Paseo de Roxas to Malugay Street, Malugay Street to Kamagong Street, and Kamagong Street to the tip part of South Avenue (which is from Rizal Avenue to Metropolitan Avenue) at Metropolitan Avenue. The last extension is a northbound lane connecting South Avenue. When the MRT was established, its flyover was added for left turns onto EDSA heading to Monumento.

Landmarks

The Ayala Center, which comprises eight distinct shopping centers, is partially located on Ayala Avenue, specifically the Glorietta complex, Greenbelt mall, and the 6750 building, as well as the Makati Shangri-La hotel.

  • Ayala Triangle

The Ayala Triangle is a sub-district of the Makati central business district, comprising the parcel of land between Ayala Avenue, Makati Avenue and Paseo de Roxas, as well as the buildings on those streets. Many multinational companies, banks and other major businesses are located within the triangle. Many upscale boutiques are also located in the triangle.

  • PBCOM Tower

PBCOM Tower, the tallest commercial building in the Philippines, is located at Ayala Avenue and V.A. Rufino Street. It serves as the headquarters of two Philippine banks: the Philippine Bank of Communications (the building's namesake), and East West Bank.

  • The Philippine Stock Exchange

One of the trading floors of the Philippine Stock Exchange is located on Ayala Avenue's Ayala Tower One, as well as the old building of the Makati Stock Exchange. Near the building is also a statue of politician Benigno Aquino, Jr., located at the corner of Ayala Avenue and Paseo de Roxas.

Government-owned buildings

  • Makati City Police Station
  • Makati City Fire Station (corner Yakal Street; Brgy. San Antonio)
  • Makati City Post Office

Other famous buildings

Ayala Avenue is home to many other landmark buildings, which house many large Philippine businesses including:

  • Allied Bank Center (headquarters of Allied Bank)
  • Ayala Tower One (headquarters of the Ayala Corporation and home to the Philippine Stock Exchange's Makati trading floor)
  • Bank of the Philippine Islands headquarters
  • Convergys Philippines Services Center
  • The Enterprise Center neoclassical twin towers
  • G.T. International Tower (new headquarters of Metrobank)
  • Insular Life Building (old headquarters of Insular Life)
  • LKG Tower
  • The Peninsula Manila Hotel
  • PeopleSupport Center
  • PLDT Tower (headquarters of the Philippine Long Distance Telephone Company)
  • RCBC Plaza (headquarters of the Rizal Commercial Banking Corporation)
  • Smart Tower (headquarters of the Smart Communications)
  • SSS Makati Building (headquarters of Union Bank of the Philippines)
  • Sycip, Gorres, Velayo & Co. (SGV) Building (a member firm of Ernst & Young Global)
  • Rufino Plaza (headquarters of the Rufino Family)

Other structures

  • The monument of Gabriela Silang

List of Accommodations around Makati

  • Makati Shangri-La Hotel - Ayala Avenue Corner Makati Avenue, Makati
  • LPL Suites Greenbelt - 112 LPL Tower, Legaspi Street, Makati
  • The Peninsula Manila - Corner of Ayala and Makati Avenues, Makati
  • New World Hotel Makati City - Esperanza Street corner Makati Avenue, Makati
  • Hotel Celeste - 02 San Lorenzo Drive Corner A.Arnaiz Avenue, San Lorenzo Village,, Makati
  • Somerset Olympia Makati Serviced Residence - 7912, Makati Avenue, Makati
  • Ascott Makati Serviced Residence - 6Th Floor, Glorietta 4 Ayala Center, Makati
  • Copa Businessman Hotel - 912 Arnaiz Avenue, Makati
  • The E-Hotel Makati - 906 A. Arnaiz Ave., (formerly Pasay Road), San Lorenzo Village, Makati
  • BSA Suites Makati - 103 C. Palanca St. Legaspi Village, Makati

Getting there

The Epifanio De los Santos Avenue (EDSA) passes along the southeast part of Makati and connects the city with Mandaluyong City and Pasay City. The South Luzon Expressway (SLEX) runs through the western part of Makati and connects the city with Manila to the north and with southern Metro Manila. The Skyway, an elevated highway built on top of SLEX, provides residents coming from southern Metro Manila a fast way to reach Makati.

Buses plying the Epifanio de los Santos Avenue (EDSA/C-4) route from Baclaran in Parañaque to Quezon City and Caloocan City pass through the central business/financial district daily. Jeepneys ply Makati's inner roads and connect the city to its surrounding towns and cities. The Metro Rail Transit (MRT-3) on EDSA has four stations located in Makati: Guadalupe, Buendia, Ayala and Magallanes. The Philippine National Railways meanwhile has three stations: Buendia, Pasay Road and EDSA.

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