$57 Million Investment in Multipurpose Complex

On December 27, 2019, construction began on Céntrico, which will be located in Zone 5 of Guatemala City and will consist of four towers, which will house 495 apartments and commercial premises.

Tuesday, February 4, 2020

The project that is being developed by Integro Real Estate will be built in four phases, which will require about $57 million in investment and it is estimated that its construction will be completed in approximately three years.

You may be interested in "Real Estate Supply: How do Prices Behave?"

Jorge Mario Figueroa, general director of Integro, told Prensalibre.com that "... We have four phases, a tower of 138 apartments which is the first phase we are launching and basically it is an interesting project where we take into account a lot the urban theme where we leave wide sidewalks out and we are going to put a lot of urban furniture to leave to the people who live in zone 5'."

The article adds that "... The first tower will be ready by the end of the year and the rest is expected to be completed in approximately three years. The costs of the apartments are in a range of US$54,000 to US$170,000."

According to the developers, each tower will have its own amenities, an event room, children's area, park in the center that connects the four towers, terraces, bar, among others.

CentralAmericaData's "Construction in Central America" platform states that environmental procedures for this project began in June 2019.

¿Le interesan los proyectos de construcción en Centroamérica?

Conozca nuestro servicio de información que detalla las grandes construcciones que se están desarrollando en la región.
Incluye urbanizaciones, edificios, hoteles, locales comerciales, carreteras e infraestructura pública, entre otros.
Ver ahora

More on this topic

Multipurpose Towers: $10 Million Investment

January 2020

A mixed-use complex is planned to be built in the district of San Francisco, Panama, consisting of two towers, which will have commercial premises and will also house 288 apartments.

Bienes Le Parc, S.A. submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) called "P.H. Le Parc Reisdences."

$37 Million in Mixed Use Tower Investment

August 2019

A 55-story tower will be constructed in the town of Bella Vista, in the province of Panama. It will house 148 apartments and will also have space for commercial premises.

Natural & Building Corporation submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the mixed-use project called, "Park & Fifty Residential-Complex Commercial-Residential, Phase One - Tower One".

Guatemala: New Apartment Complex

January 2019

In the coming months, a complex consisting of five residential towers that will house 135 apartments is planned to be built in Zone 16 of the country's capital.

HS International S.A. presented the environmental impact study to develop the project called "Boreal Residences Phase I", which consists of the construction of four towers of 21 levels that will house 40 apartments each, and another building of 16 levels that will house 15 apartments.

More Apartment Towers in El Salvador

November 2018

A 10-floor apartment building with 3 basements for parking was announced. It will be located in San Francisco, San Salvador.

Representatives of Alpha Inmobiliaria, developer company of the residential project called "Tribeca", informed that the condominium will offer 55 apartments and the investment will be approximately $12 million.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

AES Changuinola

In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007. The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year. The construction of the new Changuinola I Hydro Power Plant: * is an asset to Panama * will generate clean and 100% Panamanian energy * will create opportunities for previously excluded populations * will contribute to solve the country's energy situation * will help Panama to continue growing The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama.
Operates in Panama
Phone: (507) 206-2600

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Aug 11)
Brent Crude Oil
Coffee "C"