$130 million Shopping Center in Costa Rica

A company from Honduras is developing a mall measuring 200 thousand square meters in the city of Alajuela.

Wednesday, February 26, 2014

Next month the Lady Lee Corporation will begin construction of City Mall in Alajuela, measuring 200 thousand square meters, and having 300 commercial premises and parking for 2,700 vehicles.

Enrique Rodriguez, head of Public Relations and Communication of the new complex, told Crhoy.com that "the earthwork has already been done and now, in March, we will begin building the huge structure, a project which is being managed by the Honduran company Postensa".

The spokesperson said in the article in Crhoy.com that "there is a special area that is sought after by many coffee chains, both local and international ones."

"So far the mall has 75% of the premises confirmed. Among the brands are Express, MNG, Springfield, Internacional, OVS, Aliss, Universal, Johnny Rockets, Buffalo Wings, Inka Grill, Chichis, Coleman, New Balance y iCon, among others.

More on this topic

Major Real Estate Projects Announced in Costa Rica

February 2014

Shopping centers and hotels in the city and on the coast are part of the new projects planned for this year and 2015.

Four commercial and mixed-use projects are predicted to boost the sector in 2015. These are City Mall, City Place in Santa Ana, Ocean Mall in Puntarenas and Jacó Beach Walk in in Jaco beach.

Commercial Real Estate Market in Costa Rica

February 2014

There is Increased investment in medium-sized commercial developments in the vicinity of residential areas.

Changes in people's habits, looking to cut commuting time from their place of work to their homes is influencing the investment decisions made by real estate developers who are focusing on building medium sized malls (between 1,000 and 5,000 m), located in the vicinity of residential areas and at high traffic points.

Panama: Shopping Center in Costa del Este

July 2013

Benzar Holdings has invested over $40 million in Atrium Mall, which will boast 14,500 m² to retail space.

The new mall, construction of which is expected to be finished in about two years, will also have seven rooms for art cinemas, a play area, a spa, restaurants and bars.

Oversupply in housing in Guatemala

February 2009

Zone 14 in the capital has the highest number of available apartments - 798 units valued at $249.95 million.

ElPeriodico.com.gt reports: "In the last three years, there was a boom in zone 14 with the expectation that people who grew tired of the traffic on the road to El Salvador, would return to the city.

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