$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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