Urbánica has announced that it is planning to start building the first of three 14-storey buildings and 112 apartments in Antiguo Cuscatlán at the end of this year.
The developer plans to start building the first of the towers later this year, and construction of a second and third will depend on the sales process.According to Alejandro Duenas, executive director of Urbánica, in the first phase of construction $24 million will be invested.
Urbánica announced the construction this year of a 130-room Marriott Fairfield hotel in downtown La Gran Vía, and plans to start operations in 2017.
The real estate developer announced the construction of the Urbánica Marriott Fairfield hotel, located in the shopping center La Gran Vía in San Salvador, for an investment of approximately $17 million. The property will focus on the business tourism segment as does the Marriott Courtyard, developed in the same area.
The project Puerta La Palma, developed by the Real Estate division Dueñas Hermanos Ltda., will feature 66 homes, with a construction area of between 265 square meters and 283 square meters.
The project, targeting high income families, will be located in what the developers call "District El Espino", which ecompasses the area from Gran Via shopping center down to La Castellana, Portal Ribera, the residential site El Espino and Portal Canarias.
Portal del Casco is a new residential project by Urbánica, the real estate division of Dueñas Hermanos Ltda.
The project will comprise 92 lots over 30 squares, in a nature friendly environment. 60 lots will be up for sale in the first phase.
“$25.3 million will be invested in the project: $10 million in infrastructure costs, and the rest in land value. They will build ‘town house’ residences”, reported Laprensagrafica.com.