The horizontal residential, commercial and tourist condominium to be developed in Guanacaste, with different amenities and housing units.
CentralAmericaData provides an updated list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
A multi-purpose project is to be built in Costa Rica that will include a hotel, commercial premises, offices and apartments.
The interactive platform "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
In El Salvador, an environmental impact study has been presented to build a 18 story shopping center with 13 thousand m2 of leasable area in the San Benito neighborhood, which will be connected by means of a walkway to the Sheraton Presidente Hotel.
Hoteles y Desarrollos S.A. de C.V. submitted an environmental impact study (EIA) in San Salvador to construct a building with 18 stories, 100 meters high, and 5 basements with capacity for 870 vehicles.
Construction has started in Tola of a mixed tourist complex estimated at $20 million which includes 12 houses, a four-story tower with 18 apartments and a commercial area.
Travis and Lucas Boychuk, promoters of the tourism project that will be located in Gavilán beach, reported that for the tourism development called "Surf Ranch Hotel & Resort-Emerald Coast Popoyo", they will be building condominiums, apartments, restaurants, an events center, commercial premises, swimming pools, a spa, casino, gym and other amenities.
Plans are underway to build a 32 thousand square meter shopping center in Managua, which will house around 100 stores, restaurants and a hotel.
Representatives from Grupo Multicentro announced that in two weeks they will start construction of the shopping center called "Centro Mall", which will be located in front of the El Periodistaroundabout and will offer 100 stores, restaurants, cinemas and a hotel.
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."
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.
The project Parque Industrial del Caribe in Costa Rica, includes the construction of an industrial free zone measuring 41,000 m2, an 8,300 m2 office center and an 11 000 m2 shopping center, as well as Ofibodegas and a hotel.
The companies behind the project announced plans to begin construction of the Caribbean Industrial Park (PIC by its initials in Spanish) in the first quarter of 2016.
Grupo Roble has announced it will build a shopping mall, of the Multiplaza brand, connected to a Marriott hotel, near the highway to El Salvador.
It is expected that by 2016 the first Multiplaza will be built in Guatemala operating in an area of high value, on the highway to El Salvador. The mall will feature terraces connected to a Marriott Hotel and a mix of shops, restaurants, entertainment and services.
Shopping centers and hotels in the city and on the coast are part of the new projects planned for this year and 2015.
Four commercial and mixed-use projects are predicted to boost the sector in 2015. These are City Mall, City Place in Santa Ana, Ocean Mall in Puntarenas and Jacó Beach Walk in in Jaco beach. City Mall and City Place are currently under construction and are projected to start operations in the middle of this year.
The mini city has become a target for locating companies in offices which now cost $3000 per square meter.
According to an article in Prensa.com "Up to the second half of 2012 there were 139 shops in Costa del Este, with an unemployment rate of 2.23%, one of the lowest in the capital, according to figures from CBRE Panama, consultant real estate. "
During that same period, there were 50,539 meters square under construction, representing one of the submarkets with the greatest amount of development in this location.
Grupo Karim's has began construction of Altara, the first technology park in San Pedro Sula, Honduras, which includes a shopping mall and a hotel.
The President of Grupo Karim’s, Yusuf Amdani said that in the future the project will include construction of a residential condominium and a hospital.
The business center is adjacent to Altia, the first technology park in San Pedro Sula, Honduras.
Grupo Karim´s has announced an investment of $15 million in a service-oriented shopping center, which includes a seventy room hotel.
Kathia Yacamán, marketing director at Altia, said the Altara mall, on two levels, will be built on an area of 21,500 square meters, and the hotel Altia Place Hotel will have 70 rooms on eight levels.
Construction of the center will generate 200 direct jobs and is expected to be in operation by the end of next year, the executive added.
The $360 million project by Grupo Wisa includes luxury brand stores, a 5,000 square meter casino, and the first Ritz Carlton hotel in Central America and the Caribbean.
Although figures currently show a decrease in hotel occupancy in Panama City, due to the significant increase in the number of rooms supplied by the hotel industry, there is still room for luxury end projects like the Grupo Wisa building on Calle 50.