[5][6] Under the administration of President Fidel V. Ramos, the farm was opened for joint development with the private sector and the government-owned property was placed for bidding.

This led to the opening of the Spectrum Linear Park and the Northgate Cyberzone district cooling system by early 2018.

Under the joint agreement with the government, the FAI owned 74 percent stake in Filinvest City.

Key district areas in Filinvest City include the shopping centre Festival Alabang and public spaces like The River Park, Spectrum Linear Park, and the Filinvest City Event Grounds, the last of which has hosted the Wanderland Music and Arts Festival since 2017.

[13] The district is also accessible to the Alabang–Zapote Road and transportation services are available in South Station and Festival Mall.