The Bureau of Foreign Assets has extended until March 10, 2017 the license for Soho Mall and up until July 13th the license for the newspapers La Estrella and El Siglo belonging to the Gese Group.
The extended license for Soho Mall will facilitate the sale of the shopping center, which will continue operating with US companies and will have access to the country's financial system until March 10, 2017.
Construction has started of a shopping complex that will include a hotel, a 23-story tower for offices and a shopping center opposite the hotel Sheraton Presidente.
The complex comprises a 23 story tower with a shopping centre, corporate offices, a hotel and parking lot. The development is being run by Bosh Inversiones S.A. de CV, and Elsalvador.com reports that "... it will require an estimated investment of $85 million."
Of the 255 complex business operating in the greater metropolitan area, 11 are in the regional center format, 42 community, 75 neighborhood, 134 strip, 21 are urban, 7 lifestyle and 5 entertainment.
The figures from Colliers Costa Rica indicate that shopping centers in small formats, called life style and strip centers are those that are beginning to predominate in the metropolitan area.There are currently six projects under construction in the strip format and another 12 which are planned to be developed, according to Colliers.
Mántica Group plans to invest $25 million in the construction of a shopping center on the road to Masaya and $21 million in an office building and commercial premises in the area of Villa Fontana, Managua.
The first project is scheduled to start in March 2017 and consists of a two-story shopping center, in which the company announced it will be investing $25 million. It will be completed in December of the same year.
A convention center and hotel are part of the expansion works scheduled for the Galerías Santo Domingo shopping center, as part of an investment of $20 million.
One thousand additional parking spaces, a new area for restaurants and shops, a convention center and hotel are some of the works that Inmobiliaria Santo Domingo announced will be carried out in GaleríasSanto Domingo from 2017.
A wind farm, buildings for office and commercial use and residential developments are some of the projects for which environmental impact studies were presented in July 2016.
The report"Construction Projects in Costa Rica in July 2016," prepared by the Business Intelligence Unit at CentralAmericaData.com, provides an updated list of major constructionprojects for which environmental impact studies (EIS) were presented to the National Environmental Technical Secretariat (SETENA).
A new environmental impact study has been presented for a project to build a mini city in the eastern area of Panama City, valued at $4.1 billion.
The consortium Consorcio PGC Developers, S.A. submitted the new Environmental Impact Assessment (EIA) study in August for the multipurpose project to be developed in Panama City, and which will cover three districts: Tocumen, 24 de Diciembre and Pacora.
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.
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.
An environmental impact study has been submitted for construction of a mixed-use building complex in the former Howard base, in Panama Pacific.
The Environmental Impact Assessment (EIA) was submitted by London & Regional Panama S.A. to the Ministry of Environment in Panama in June 2016, as revealed by the report entitled "Construction Projects in Central America"compiled by CentralAmericaData.com.
An Environmental Impact Study has been submitted to build, in Zone 10 of Guatemala City, a building on twelve levels with spaces for shops and offices.
The developer Inversiones y Construcciones Inmobiliarias submitted to the Ministry of Environment and Natural Resources (MARN) an Environmental Impact Study to build the project called "Grand Reforma 10".
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Comercialization of Urbanization
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Latinamerica Title Co. is an agent of Chicago Title. Our company offers customers the most comprehensive and accurate title and escrow related services in the region, enhancing real estate transactions with a group of services that minimize the risk of investing in a foreign country.
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