Last week, I invited a friend for lunch along the Aguirre Food Hub and got caught up when she popped a question not about where to eat (she seemed to trust me enough that I would take her to a yummy restaurant) but rather what does the BF means to BF Homes (she is from Quezon City, by the way). Oops… I’ve been residing here for years and even writing about the community but still uncertain with the meaning of BF (blush). Sure I heard or read it somewhere.
After the sumptuous meal and lovely chat, I promised to text her the BF meaning. I asked help around the neighborhood and most are quite clueless too! Ay.
So I have to formally do a research and gather some relevant trivia. Whether you are from here, a random visitor, or a major fan of the establishments within the village—it won’t hurt to know a little background information about our place.
- BF is an acronym of Banco Filipino
- In 1964, Tomas Aguirre founded Banco Filipino and by around 1966, BF had become the premiere bank in the Philippines.
- Aguirre, figured that with such earnings, it was time to venture into the next phase and to consider land development. With that, he put up the BF Homes Incorporated (BFHI) arm to further realize his goal.
- Tomas Aguirre owned numerous companies dealing in banking, finance, real estate, construction, marketing, insurance, water utilities, among many others.
- Prior to the formation of Ayala Alabang in Muntinlupa, Aguirre already envisioned that a suburban community in the south of Manila would be ideal.
- It was the first gated community of its kind in the 70s.
- The first subdivision to have its own movie house with a bowling alley as well as a few commercial complexes; all unheard of at that time. The now closed Torama Theatre located along President’s Ave., at the back of Tropical Hut.
- It also featured two premiere 4-star hotels developed consecutively: El Grande Hotel and the Tropical Palace Resort.
- In 1978, the Parañaque portion of BF Homes was regrouped with neighboring subdivisions, by decree of President Ferdinand Marcos, as Barangay BF Homes.
- Sometime in 1985, Tomas Aguirre fell out of favor with the Marcos government, and Banco Filipino ceased operations, citing insolvency, causing BFHI to suffer as a result.
- Around that same year, the Tropical Palace, a popular venue for the residents, mysteriously burned down. A year after, the El Grande Hotel (almost abandoned for nine years before once again operating, albeit for a few months) was also damaged by fire, though was not as severe.
- By March 1989, management of BF Homes was then transferred from BFHI to the residents, under the aegis of United BF Homeowners Association Incorporated (UBFHAI).
- With the residents now in control, clusters of streets in the vicinity were split and fenced from each other, forming their respective associations. This caused the subdivision, which was up until then a large community with streets connecting with one another, to become a collective of eighty-two enclaves.
- BF Homes Paranaque is said to be the biggest subdivision in Asia.
- Barangay BF Homes is the largest barangay in the Philippines comprising BF Homes Paranaque subdivision, Tahanan Village, Maywood Village, Jackylou Ville, Goodwill II, Teovile subdivision, Ireneville, RGV Homes, St. Rita Village, South Bay Gardens, Camella Homes Sucat, portions of Sucat road, mission areas i.e. Clinic site, Ipil site, Masville, Sampaloc site and other areas.
Reference: https://en.m.wikipedia.org/wiki/BF_Homes_Para%C3%B1aque http://www.bfhomes.net/bftrivia.htm Photo source: All images courtesy of stockimages at FreeDigitalPhotos.net