The number of square meters of shopping centers and malls under construction amounts to 538,000, most of which is concentrated in the east of the capital and surrounding areas.
Tuesday, August 30, 2016
Restaurants, pharmacies, supermarkets, banks and other premises predominate in the shopping centers and malls that are being built mainly on the outskirts of the city, where the supply of residential property is increasing, leading to a need for complementary commercial services.
Martesfinanciero.com reports that"... according to CBRE Panama, in the second half of 2015 the market for these projects grew by 11.2% compared to the previous halfyear, totaling 449 million 449 thousand square meters. At present there are 538 thousand 383 square meters under construction and they predominate in the eastern outskirts of the capital inthe areas adjacent to the via Tocumen, Juan Diaz, Villa Lucre, Las Mananitas, La Doña and Brisas del Golf; and in the capital in the area of San Francisco."
"...Towards the east sector of Panama City the Brisas Mall project is being developed, located in the Brisas del Golf residential complex.Jimmy Yohoros, director of Emporium Developers, S.A., the real estate developer promoting the project, indicated that the opening of the shopping malls is due to demand from residents to have everything closer to their homes.This trend is result of the distances involved and vehicular traffic. "
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East of the Costa Rican capital, in Curridabat, plans are underway to build a mixed development consisting of an office and apartment tower, and a shopping center with 200 stores, cinemas, food courts plus 1,200 parking spaces.
The project, according to the Environmental Impact Study (EIA) submitted in February of this year to the Setena, also includes expansion and remodeling of the hardware store EPA.
Plans are underway to build a shopping center in an area measuring 85 thousand square meters, which will have parking for 1,000 vehicles, cinemas and restaurants, located in Penonome, Cocle province.
The company Grupo Z, S.A.plans to invest $16.2 million in construction of the mall, for which an Environmental Impact Assessment (EIA) study was submitted to the Ministry of Environment in November 2016, indicating that the project will be called Penonomé Mall.
An environmental impact study has been presented for the construction of a 13 story mall and 103 shops in the city Las Tablas, province of Los Santos.
The company GOLF REALTY INC. presented to the National Environmental Authority of Panama an environmental impact study to develop a commercial building on 13 levels containing 103 shops, called Hacienda Plaza.
Following the rise of the complexes that combine commercial spaces with offices and residences, two new projects are being developed west of the capital.
It is expected that the Escazu Village complex will be ready in late 2016, and Las Terrazas Lindora November 2015, two mini-cities which offer housing, retail stores, offices, parks and entertainment areas in the same place.
Comercialization of Urbanization
Commercial Mall construction and Comercialization
Construction and comercialization of Industrial and logistic buildings.
Housing Construction Projects
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