Alveo Financial Tower
The Alveo Financial Tower, formerly known as the JAKA Tower, is an office skyscraper under construction in Makati, Philippines. The construction of the tower formerly owned by the JAKA Group of the family of Senator Juan Ponce Enrile commenced in 1996 but was halted in 1998. In 2014 it was acquired by Ayala Land which later through its unit Alveo Land relaunched the tower as the Alveo Financial Tower in 2015. Construction As the JAKA Tower Alveo Financial Tower was originally named as the JAKA Tower. The tower's construction commenced in 1996 and was planned to be completed in 1999. Construction was already in its 21st floor when the tower then named as the JAKA Tower was halted, due to the negative financial effects brought upon by the 1997 Asian Financial Crisis. The JAKA Group was forced to surrender its property to lenders. It was planned for works to resume in 2005 or 2006, but it did not push through. The only activity in the past 10 years was the application of protective coating on the exposed structural reinforcement bars of the building. The building was designed by the architectural firm Hellmuth, Obata and Kassabaum, and was to be the