Ayala Avenue Makati; The Wall Street of the Philippines
Ayala Avenue's Segment 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.
Makati is home to 40% of the Multinational Corporations in the country and Ayala Avenue houses most of the large Philippine bussiness towers such as:
AYALA TOWER 1
BPI HEAD QUARTERS
THE ENTERPRISE CENTER
ALLIED BANK CENTER
RUFINO PLAZA
INSULAR LIFE BIUILDING
RCBC PLAZA
SMART TOWER
Being the melting pot of business and finace Ayala Avenue holds the title of being the Wall street of the Philippines.
references: en.wikipedia.org/wiki/Ayala_Avenue