Guatemala: Mixed Property Development for $10 million

Reconstruction has been announced of the former Hotel Ritz in Zone 1 of the capital, to turn it into two towers each with 180 apartments, a business center and shops.

Tuesday, August 25, 2015

With an investment of $10 million the company Revive, a company member of Modus Vivendi aims to develop a mixed complex that combines residential and commercial spaces, plus a business center which in the future will house the Ritz hotel, in the capital's historic center.

"... Prices will range between $47,000 and $105,000. There will be over a thousand square meters of business center and a shopping complex on the first floor. The aim of the project is to provide a space within the city where people can enjoy themselves and not spend hours in traffic, said Peter Garavito, marketing manager of Revive Guatemala. "

Elperiodico.com.gt reports that the building "... Centro Vivo is added to the supply of apartments that were started three years ago in the capital's center, a sector that has gained momentum for revitalization projects and transportation which is being promoted by the metropolitan mayor. "

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