An office building, an apartment tower, the expansion of a shopping center and a supermarket are some of the projects for which environmental impact studies were submitted in August 2016.
The report"Construction Projects in Guatemala - August 2016",prepared by the Business Intelligence Unit at CentralAmericaData.com, provides an up to date list of major construction projects for which environmental impact assessment (EIA) studies were presented in February to the Ministry of Environment and Natural Resources of Guatemala.
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 construction projects for which environmental impact studies (EIS) were presented to the National Environmental Technical Secretariat (SETENA).
It has been reported that in the last year the inventory of commercial real estate market grew by nearly 7%, and projections are that in the near future this rate of growth will be maintained.
Quarterly report up to June 2016by Colliers Costa Ricaentitled "Commercial Real Estate Market":
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 Supreme Court has temporarily suspended a Miviot resolution approving the zoning change to "high density" in Obarrio, Bella Vista.
Thechange in the zoning code for 42 lots in Obarrio had been authorized by the Ministry of Housing and Land Management (Miviot) in March, and made the change from low to medium density, to residential "high density" and "urban commercial mixed high density".
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.
The Bureau of Foreign Assets has extended the license to facilitate the sale of the shopping center in Panama, after authorization was given last month for the transfer of the property to a trust.
Prensa.com explains that "...If the sale of assets involves businesses or citizens, the transaction must be authorized by the OFAC, through the issuance of another license. "
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".
In Panama an environmental impact study has been submitted for construction of a shopping center measuring 129 thousand square meters in Penonomé, Cocle province.
The Environmental Impact Assessment (EIA) study was presented by Grupo ZS, S.A. to the Ministry of Environment of Panama in May 2016, as revealed by the report "Construction Projects in Central America" by CentralAmericaData.com.
Construction plans for the province include 150 thousand square meters in construction of commercial and residential centers in the coming months.
Of the eight planned projects, four are mixed-use complexes combining residential, commercial and entertainment buildings, and another two are the mega project called Oxigeno and San Francisco square.In the residential segment, the other two projects, Las Flores, and Bambu, amount to 40 thousand m2 and 17,600 m2, respectively.
The value of construction projects, additions and repairs reported between January and May 2016 fell by 9% compared to the same period in 2015.
The district of San Miguelito was the area that recorded the greatest reduction in the value of construction in the first five months of the year, falling by 80% compared to the same period in 2015.At the other extreme is Colon, where there was an increase of 143%, followed by David, Santiago, Chitre, Aguadulce and La Chorrera.
A mall, a highway and a stadium are some of the projects for which environmental impact studies were presented in May 2016.
The report"Construction Projects in Panama - May 2016",prepared by the Business Intelligence unit at CentralAmericaData.com, provides an up to date list of major construction projects for which environmental impact assessment (EIA) studieswere submitted to the Ministry of Environment in Panama in May.
Office buildings, shopping malls and apartments make up the list of projects that the construction union envisages undertaking in the second half of the year.
Although there are still delays in granting permits and other arrangements which have to be undertaken before launching construction projects, the union for this sector foresees a second half with better results.This year there are plans to implement projects worth between $500 million and $750 million in private works.