$61 million to be Invested in Real Estate Development

An environmental impact study has been submitted for the construction in San Miguelito, Panama, of a mixed complex consisting of six apartment towers and a tower for commercial use.

Friday, September 1, 2017

Data from the Interactive System "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, indicates that in June Inmobiliaria Panamá Bella S.A. submitted an Environmental Impact Study (EIA) to the Ministry of the Environment.

According to the EIA, the company will develop a complex combining residential use with commercial use consisting of six residential buildings. Tower 1, Tower 2 and Tower 3 will have 12 blocks with eight apartments per block. Tower 4, Tower 5 and Tower 6 will have 24 blocks with eight apartments per block and a commercial building with three levels and fifteen premises per level approximately.

A total of 864 housing units or apartments are planned, as well as each tower having parking spaces in three levels of semi-basements, a large green area and recreation area, access roads and a security guard house.

The development will be located in the Town of Rufina Alfaro, San Miguelito District, Province of Panama, and according to the document an investment of $61.3 million is estimated.

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In the village of Mañanitas, Panama, a residential and commercial use complex is planned to be built with four towers of eight levels each.

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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.

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Plans have been drawn up to build in the center of San José, Costa Rica, a complex made up of three towers, each with 21 floors, and spaces for residential, commercial and office use.

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Panama: $15 million Residential Project

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An environmental impact study has been presented for the construction of a residential complex composed of eight apartment buildings in David, Chiriqui.

The company CAMPO CHIC SA submitted to the National Environmental Authority of Panama in October an environmental impact study for the development of a residential complex consisting of eight apartment buildings called LUA AT RIO MAR in David, Chiriqui.

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