Group 4M, the developer of the 60-space Chitré Lake Village Center, expects that the first phase will be ready in April of 2010.
Chains such as Grupo Rey, Arrocha pharmacies, McDonald's, Kentucky Fried Chicken, and the bank Banesco will be located in the shopping center. The project anticipates approximately 25,000 people per day in traffic.
In an article in Prensa.com, "Grupo 4M is also building a 240-unit housing project. 'We chose Chitré because Panama is already saturated and there is increasing development, investment, and affluence in the region of Herrera and Los Santos,' said Vice-president Abdiel Suira."
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