$58 million Residential Development Project

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.

Tuesday, July 18, 2017

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.  

See also: "The Projects Being Built in Central America"

Dueñas explained to Elmundo.sv that "... the project has been put together as a condominium complex with three residential buildings, each with 14 storeys and 112 apartments, measuring from 95 to 135 square meters. These buildings will have a maximum capacity of 709 parking lots, deployed in two basements and in an open air space."

"... Currently, the project is in the marketing stage.  Construction of the first tower is planned to start the before the end of 2017, and will be finished in a period of between 18 to 22 months. Of the projected $58.4 million, Urbánica will execute $24 million in this first phase of construction."

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More on this topic

Residential Building: More Investments Prepared

September 2019

Urbanica announced that from November will begin construction of the second apartment tower of the residential project "Puerta del Alma", located in Antiguo Cuscatlan, El Salvador.

This is the second phase of the vertical housing project, estimated at $18.5 million, because in April 2018 began with investments that included the construction of the first tower of 14 levels and that houses a total of 112 apartments. The dimensions range from 95 to 135 square meters.

More High Rise Housing in El Salvador

April 2018

Construction work has started on a residential complex estimated at $60 million, which will be composed of three apartment towers and will be located in Antiguo Cuscatlán.

The housing project being developed by the construction company Urbánica is called "Puerta del Alma". It will have 304 apartments and 709 parking spaces which will be distributed in an open area and two basements, and the condominium will be located on Calle El Pedregal in front of the Multiplaza shopping center.

El Salvador: Residential Project for $14 million

May 2015

The developer Urbánica in San Salvador has started construction of 57 apartments in two towers each with 11 floors.

The towers will be built within the Conjunto Condominal Portal Canarias residential project, which with this new stage, will complete a total investment of $60 million, said Alejandro Dueñas, executive director of Urbánica to Elsalvador.com.

$25.3 Million in Salvadoran Residential Development

May 2010

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.

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URBANICA

Organization that operates in El Salvador.
Phone: (503) 25100600

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