Ayala Avenue
Encyclopedia
Ayala Avenue is an avenue
in Makati City
in the Philippines
. It is one of the busiest thoroughfares in Metro Manila
, crossing through the heart of Makati's central business district
. Because of the many businesses located on the avenue, Ayala Avenue is aptly nicknamed the Wall Street
of the Philippines. It is from Epifanio de los Santos Avenue
to Metropolitan Avenue.
, which was the first airport built in Luzon
. Paseo de Roxas's segment from Ayala Avenue to Makati Avenue also used to be a runway of the airport. The airport was blazed by Japanese invaders on December 10, 1941 and resumed operations in 1947. The runways were converted into a road in 1949 when the permanent facilities of the airport was passed on the owner of the land, Ayala y Cia
.
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 J.P. Rizal Avenue to Metropolitan Avenue) at Metropolitan Avenue. The last extension is a northbound lane connecting South Avenue. The EDSA
-Makati Avenue Segment of the McKinley Avenue was acquired by the avenue. Such segment was of McKinley Avenue prior to the 1941 Nielson Airport fire. When the MRT
was established, its flyover was added for left turners to EDSA
heading Monumento at the lane going to EDSA
.
, 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 Shangri-La Makati hotel. It is one of the largest and most famous malls in the Philippines.
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 make their home on the triangle, noted by the many skyscrapers bounding the Triangle. Many exclusive and/or expensive stores make their home there. Ayala Avenue and Paseo de Roxas also house the distinction of being the runways of the former Nielson Field
, Metro Manila's main airport
in the 1930s.
, the tallest commercial building in the Philippines, is located at Ayala Avenue (corner V.A. Rufino Street). It serves as the headquarters of two Philippine bank
s, the Philippine Bank of Communications
, of which the building's name owes it to, and East West Bank
.
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 the most famous statue of assassinated politician Benigno Aquino, Jr.
, located at the corner of Ayala Avenue and Paseo de Roxas.
Street name
A street name or odonym is an identifying name given to a street. The street name usually forms part of the address...
in Makati City
Makati City
The City of Makati is one of the 17 cities that make up Metro Manila, one of the most populous metropolitan areas in the world. Makati is the financial center of the Philippines and one of the major financial, commercial and economic hubs in Asia...
in the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
. It is one of the busiest thoroughfares in Metro Manila
Metro Manila
Metropolitan Manila , the National Capital Region , or simply Metro Manila, is the metropolitan region encompassing the City of Manila and its surrounding areas in the Philippines...
, crossing through the heart of Makati's central business district
Central business district
A central business district is the commercial and often geographic heart of a city. In North America this part of a city is commonly referred to as "downtown" or "city center"...
. Because of the many businesses located on the avenue, Ayala Avenue is aptly nicknamed the Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
of the Philippines. It is from Epifanio de los Santos Avenue
Epifanio de los Santos Avenue
Epifanio de los Santos Avenue , formerly known as Highway 54, is the main circumferential road and highway of Metro Manila in the Philippines. It is an important commuting artery between the northern and southern parts of the metropolitan area...
to Metropolitan Avenue.
History
Ayala Avenue's segment from Paseo de Roxas to Makati Avenue used to be a runway of the Nielson AirportNielson Field
Nielson Field was the location of the Far East Air Force headquarters. Most of the aircraft of the FEAF were based at either Clark Field or Nichols Field.- Laurie Reuben Nielson :...
, which was the first airport built in Luzon
Luzon
Luzon is the largest island in the Philippines. It is located in the northernmost region of the archipelago, and is also the name for one of the three primary island groups in the country centered on the Island of Luzon...
. Paseo de Roxas's segment from Ayala Avenue to Makati Avenue also used to be a runway of the airport. The airport was blazed by Japanese invaders on December 10, 1941 and resumed operations in 1947. The runways were converted into a road in 1949 when the permanent facilities of the airport was passed on the owner of the land, Ayala y Cia
Ayala Corporation
Ayala Corporation is a holding company for the diversified interests of the Ayala Group. Founded in the Philippines by the Spanish and German Ayala, Roxas, and Zobel families during colonial rule, it is the country's oldest and largest conglomerate...
.
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 J.P. Rizal Avenue to Metropolitan Avenue) at Metropolitan Avenue. The last extension is a northbound lane connecting South Avenue. The EDSA
Epifanio de los Santos Avenue
Epifanio de los Santos Avenue , formerly known as Highway 54, is the main circumferential road and highway of Metro Manila in the Philippines. It is an important commuting artery between the northern and southern parts of the metropolitan area...
-Makati Avenue Segment of the McKinley Avenue was acquired by the avenue. Such segment was of McKinley Avenue prior to the 1941 Nielson Airport fire. When the MRT
Manila Metro Rail Transit System
The Metro Rail Transit is Metro Manila's third rapid transit line. It forms part of the Strong Republic Transit System, which includes the Manila Light Rail Transit System. The line operates under the name Metrostar Express and is colored blue on rail maps.The line is located along the Epifanio de...
was established, its flyover was added for left turners to EDSA
Epifanio de los Santos Avenue
Epifanio de los Santos Avenue , formerly known as Highway 54, is the main circumferential road and highway of Metro Manila in the Philippines. It is an important commuting artery between the northern and southern parts of the metropolitan area...
heading Monumento at the lane going to EDSA
Epifanio de los Santos Avenue
Epifanio de los Santos Avenue , formerly known as Highway 54, is the main circumferential road and highway of Metro Manila in the Philippines. It is an important commuting artery between the northern and southern parts of the metropolitan area...
.
Ayala Center
Ayala CenterAyala Center
The Ayala Center is a commercial complex operated by Ayala Land Incorporated located in the central business district of Makati in Metro Manila, Philippines.-About the Center:...
, which comprises eight distinct shopping centers, is partially located on Ayala Avenue, specifically the Glorietta
Glorietta
Glorietta is a large shopping mall in the Ayala Center in Makati City, Metro Manila, Philippines. The mall is owned by the Zobel de Ayala family and its holding company, Ayala Corporation...
complex, Greenbelt mall, and the 6750 building, as well as the Shangri-La Makati hotel. It is one of the largest and most famous malls in the Philippines.
Ayala Triangle
Nielson Field
Nielson Field was the location of the Far East Air Force headquarters. Most of the aircraft of the FEAF were based at either Clark Field or Nichols Field.- Laurie Reuben Nielson :...
, Metro Manila's main airport
Airport
An airport is a location where aircraft such as fixed-wing aircraft, helicopters, and blimps take off and land. Aircraft may be stored or maintained at an airport...
in the 1930s.
PBCOM Tower
PBCOM TowerPBCOM Tower
The Philippine Bank of Communications Tower, more commonly known as PBCom Tower, is an office skyscraper that currently holds the title, since 2000, of the tallest building in the Philippines. It has a total ground to architectural top height of , with 52 storeys including an 8-level radio tower...
, the tallest commercial building in the Philippines, is located at Ayala Avenue (corner V.A. Rufino Street). It serves as the headquarters of two Philippine bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s, the Philippine Bank of Communications
Philippine Bank of Communications
The Philippine Bank of Communications , more commonly known as PBCom, is one of the largest commercial banks in the Philippines, ranking nineteenth in terms of assets...
, of which the building's name owes it to, and East West Bank
East West Bank (Philippines)
EastWest Bank, more formally known as East West Banking Corporation, is a medium-sized commercial bank in the Philippines and the first commercial bank to be licensed in twenty years...
.
The Philippine Stock Exchange
One of the trading floors of the Philippine Stock ExchangePhilippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
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 the most famous statue of assassinated politician Benigno Aquino, Jr.
Benigno Aquino, Jr.
Benigno Simeon "Ninoy" Aquino, Jr. was a Filipino Senator and a former Governor of Tarlac. Aquino, together with Gerry Roxas and Jovito Salonga, formed the leadership of the opposition to the Marcos regime in the years leading to the imposition of martial law in the Philippines...
, 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, of which some are in turn home to some of the biggest names in Philippine business. Some of these famous buildings include the following:- Allied Bank Center (headquarters of Allied BankAllied BankAllied Bank, formally known as Allied Banking Corporation, is one of the largest banks in the Philippines, ranking tenth in terms of assets...
) - Ayala Tower OneAyala Tower OneTower One & Exchange Plaza is one of the tallest and most well-known skyscrapers in the Philippines. It has a height of 160 metres . The building has 35 floors above ground level, and is originally planned to be the first of three towers for the Ayala Triangle...
(headquarters of the Ayala CorporationAyala CorporationAyala Corporation is a holding company for the diversified interests of the Ayala Group. Founded in the Philippines by the Spanish and German Ayala, Roxas, and Zobel families during colonial rule, it is the country's oldest and largest conglomerate...
and home to the Philippine Stock ExchangePhilippine Stock ExchangeThe Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
's Makati trading floor) - Bank of the Philippine IslandsBank of the Philippine IslandsBank of the Philippine Islands is the oldest bank in the Philippines still in operation and is the country's third largest bank in terms of assets, the country's largest bank in terms of market capitalization, and the country's most profitable bank...
headquarters - ConvergysConvergysConvergys Corporation is a corporation based in Cincinnati, Ohio that provides solutions in customer management and information management. Customer management solutions include agent assisted, self-service and proactive care solutions tailored to the communications, financial services,...
Philippines Services Center - The Enterprise Center neoclassical twin towers
- G.T. International TowerG.T. International TowerG.T. International Tower is an office skyscraper located in Makati City, Philippines. The "G.T." in the name stands for George Ty, the building's owner and chairman of the Metrobank Group. Standing at 217 meters , it is currently the second-tallest building in the Philippines...
(new headquarters of MetrobankMetropolitan Bank and Trust CompanyThe Metropolitan Bank and Trust Company , commonly known as Metrobank. It has a diverse offering of financial services, from regular banking to insurance. Metrobank is the second largest bank in the Philippines.-History:...
) - Insular Life Building (old headquarters of Insular Life)
- LKG TowerLKG TowerThe LKG Tower is an office skyscraper located in Makati City, Philippines, and is one of the tallest and most well-known buildings in the city. Standing at 180.1 metres , the building has 38 floors above ground, and 5 basement levels for parking....
- The Peninsula ManilaThe Peninsula ManilaThe Peninsula Manila , is a 5-star hotel in the Philippines. It is located on the corner of Ayala Avenue and Makati Avenue in the central business district of Makati City, wherein it is now a landmark because of its majestic fountain and falls in Metro Manila. It is located also in Barangay Urdaneta...
Hotel - PeopleSupportPeopleSupportAegis Limited is a multinational outsourcing company that provides customer lifecycle management services, technology solutions, Finance and HR outsourcing services, transcription and captioning, and back office support...
Center - PLDT Tower (headquarters of the Philippine Long Distance Telephone CompanyPhilippine Long Distance Telephone CompanyThe Philippine Long Distance Telephone Company commonly known as PLDT, is the largest telecommunications company in the Philippines. PLDT is also the largest company in the Philippines, ranked 1138th in the April 2009 update, and 1080th in the April 2010 update, of Forbes' Global 2000 list...
) - RCBC PlazaRCBC PlazaRCBC Plaza is an office skyscraper complex located in Makati City, Philippines. It is home to the offices of the Rizal Commercial Banking Corporation and is composed of two buildings: the taller RCBC Plaza Yuchengco Tower and the smaller RCBC Plaza Tower 2...
(headquarters of the Rizal Commercial Banking CorporationRizal Commercial Banking CorporationThe Rizal Commercial Banking Corporation was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas for both commercial and investment banking...
) - Smart Tower (headquarters of the Smart CommunicationsSmart CommunicationsSmart Communications is a wholly owned mobile phone and Internet service subsidiary of the Philippine Long Distance Telephone Company .On June 30, 2010 the company reported that it had over 45 million cellular subscribers.-Brands:...
) - SSS Makati Building (headquarters of Union Bank of the PhilippinesUnion Bank of the PhilippinesUnion Bank of the Philippines more commonly known as UnionBank, is one of the largest banks in the Philippines, ranking seventh in terms of assets after its successful merger with smaller competitor International Exchange Bank...
) - Sycip, Gorres, Velayo & Co.Sycip, Gorres, Velayo & Co.SyCip Gorres Velayo & Co. is the Philippines' largest multidisciplinary professional services firm with eight offices across the country...
(SGV) Building (a member firm of Ernst & YoungErnst & YoungErnst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
Global) - Rufino PlazaRufino PlazaRufino Pacific Tower or more commonly known as Rufino Tower or Rufino Plaza is an office skyscraper and is one of the tallest in the Philippines. It remains as the tallest steel-framed building in the country. It has a ground to architectural top height of 161 metres , which is the basis of...
(headquarters of the Rufino FamilyRufino FamilyThe Rufino family are a wealthy and influential dynasty of business owners, politicians, and philanthropists in the Philippines. Prominent members of the family include Forbes richest Filipina Marixi Rufino-Prieto, celebrity socialite Tessa Rufino-Prieto Valdez, artist Maria Victoria "Marivic"...
)