Many Filipino and multinational corporations have acquired properties and have committed to relocate their global, regional or national headquarters in the business district. Developments Bonifacio High Street Bonifacio High Street forms the physical core of Bonifacio Global City and is designed as a three-by-three matrix of high-tech offices and residential buildings, retail outlets and pedestrian-friendly roads and walkways. The grid design ensures a city center that is easy to navigate. 5th and 11th Avenues and 32nd and 26th Streets serve as the boundaries of the city center. At One Bonifacio High Street, the PSE Tower, which houses the unified trading floor of the Philippine Stock Exchange, the Shangri-La at the Fort, Manila and Ascott Bonifacio Global City Manila are also located here. The Retail Promenade which encompasses 29th Street is characterized by landscaped areas. Its design concept is centered on an east–west central access with business establishments and activity pods. It offers retail at the ground level and offices at the second floor. The City Square Blocks feature landscaped areas and parks. Track 30th, an urban park, is located on one side of the High Street. Its amenities include a jogging path and several fitness oriented installations that can be used for exercises such as pull ups. The park can be accessed through a nearby bus stop. North Bonifacio The tower was estimated to start construction by late 2008, by Federal Land, Inc. (led by its president Alfred Ty), on a North Bonifacio district lot (jointly owned by the Metrobank Group of Companies and the Bases Conversion Development Authority). The tower is the 65-storey Metrobank Center which houses the Grand Hyatt Manila hotel and is currently one of the tallest skyscrapers in Metro Manila. Forbes Town Center The Forbes Town Center is Megaworld's 5-hectare township community, where 8 Forbestown Road, Forbeswood Heights, Forbeswood Parklane, and Bellagio condominiums are located. It has a combination of low-density residential development, shopping strip, dining outlets, and other service facilities. Uptown Bonifacio Uptown Bonifacio is a new 15-hectare property located in the northern district of Fort Bonifacio. The Megaworld Corporation plans to build new residential condominiums (Uptown Parksuites, Uptown Ritz, the seasons residence, west central park residences and (One Uptown Residence) and mixed-use business and commercial developments in the area that cater to upper to middle class markets. The area is near the zone where the British, Japanese, and American international schools, and other local