More High Rise Housing in El Salvador

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.

Wednesday, April 25, 2018

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.

See "Central America: $265 Million for Residential Projects"

Regarding details of the work, Elsalvador.com reports that the " ... first building will have 14 levels and a total of 112 apartments. The dimensions range from 95 to 135 square meters.  The second and third tower will have 96 apartments each. " 

See also "Central America: $47 million in Vertical Housing"

For its part, the commercial manager of Urbánica, Álvaro Barraza, explained that " ... Puerta del Alma is the first condominium complex created under the concept known in the United States as "Urban Core Apartments", a trend that is becoming more and more popular due to the convenience of living in the epicenter of the socioeconomic activity of large cities." 

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$500 million Real Estate Investment Announced

September 2018

In El Salvador, a construction project has been announced for 2019 which consists of building a mini-city, whose master plan will be developed over a period of 15 years.

According to representatives of Urbánica, the developer that is promoting the mega project, it will be located in the Norponiente sector of Greater San Salvador, in the municipality of Apopa in the area known as El Ángel, and the project is currently in the phase of negotiations with government authorities.

El Salvador: Greater Supply of High Rise Housing

August 2018

The construction of a ten story residential tower, estimated at $16 million, has been announced. The building will house 96 apartments and will be located in Colonia San Benito, in San Salvador.

The construction company Urbánica Desarrollos Inmobiliarios reported that it will start, in December of this year or in January of 2019, construction on a housing complex called "AM Tower", which is expected to be ready in the second half of 2020.

Construction: $350 million in Residential Projects

February 2018

Apartment buildings and horizontal condominiums in Panama, Costa Rica and Guatemala feature heavily in the list of real estate projects planned for the coming months in the region.

The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country in November 2017.

More Vertical Housing in El Salvador

January 2018

In Santa Tecla a real estate developer began the construction of 301 apartments distributed in four towers with six and 10 levels each.

Without disclosing the overall amount of the investment, the developers of the project called "Casas del Árbol" reported that the apartment towers will be built on a 3.5-acre lot located between the Pan-American highway and the Monseñor Romero boulevard, within the Santa Rosa residential complex.

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URBANICA

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

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