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Company proposes $65M apartment project in As Matuis

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PACIFIC International Property Management LLC, a real estate and development company, wants to construct a $65 million “Two Towers” residential and multi-family apartment project in an area near the former La Fiesta Mall.

PIPM manager Kenneth Guo on Thursday discussed the proposed project with the zoning board, which is considering the conditional use permit application of the company.

He said the two 15-story structures will have 364 units each and will be located on Lot No. 006 B 11 in As Matuis.

Amenities will include a gym, a gaming room, a coffee shop, a hallway, a lobby area, a retail store, office and lounge, and storage rooms, Guo said.

The zoning board members — Tatiana Babauta, Frank Aguon, Joe E. Ayuyu, Kevin C. Guerrero and Perry A. Inos Jr. — approved the application of PIPM with several conditions.

Zoning Administrator Geralyn Dela Cruz said these conditions include improving the parking area and designating clearly marked parking stalls in front of the establishment. These must conform with the parking requirements of the Saipan zoning law, she added.

 

 The zoning board conducts a public hearing on conditional use permit applications at the multi-purpose center on Thursday.

 

Pacific International Property Management LLC manager Kenneth Guo speaks about the apartment projects of his company. Photos by Junhan B. Todino

Guo said they are now in the process of acquiring additional lots from the Department of Public Lands for parking space.

In an interview, Guo said his proposed project will “create hundreds of jobs and help boost the local economy.”

He said the project involves the “revitalization” of La Fiesta Mall, which shut down in 2004.

“It’s going to be a mall like before,” he told Variety.

Guo said his company also plans to “enhance” the former Plumeria Resort in San Roque. The hotel shut down in 2008.

Guo said the ongoing PIPM project on island is the construction of a condominium in San Roque next to the Saipan Globe Hotel. PIPM, he added, has already spent $100,000 in hiring a consultant who will conduct an archaeological survey in the project area.

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