Progress on $70 Million Real Estate Project

The Pradera Vistares shopping centre in Guatemala City is scheduled for completion in October of this year, and construction of the two residential towers that complete the project will begin in 2020.

Friday, January 18, 2019

In October 2017, CentralAmericaData reported that Inmobiliaria Vistares, S.A. had submitted the EIA to build in zone 12 of Guatemala City, two residential towers of 118 apartments and a shopping center. According to the document, the project is called "Construction and Operation of Master Plan Visitares."

See "Construction: $320 Million in New Projects"

Regarding the concept of this new mixed project that is currently under construction, Ricardo Gonzalez, president of Inmobiliaria Vistares, explained to that "... This will be the 15th shopping centre of the Pradera chain, therefore, it could become a flagship project for the construction of other complexes with similar characteristics.

On the other hand, Alfredo Saravia, architect of the project said that "... the architecture is of quality, and the sustainable materials, in addition, of wide and illuminated interior spaces, bring well-being to the people of the community by different factors: The connectivity, the incorporation of green areas, the entertainment offer and the avoidance of travelling long distances to obtain what is necessary."

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The company developing the project reported that in addition to the construction of the shopping center and the two apartment towers, the construction of two more residential buildings is being analyzed.

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More on this topic

New Shopping Center in Guatemala

November 2019

On November 8, the Pradera Vistares shopping center was opened in Zone 12 of the capital, which required a $53 million investment.

Pradera Vistares is part of a mixed-use complex, which includes residential spaces. In October 2017 CentralAmericaData reported that Inmobiliaria Vistares, S.A.

More Apartment Towers in El Salvador

November 2018

A 10-floor apartment building with 3 basements for parking was announced. It will be located in San Francisco, San Salvador.

Representatives of Alpha Inmobiliaria, developer company of the residential project called "Tribeca", informed that the condominium will offer 55 apartments and the investment will be approximately $12 million.

Guatemala: $55 million in Residential Projects

October 2017

In August 2017, three construction projects were processed, comprising seven towers with 547 apartments, all to be developed in Guatemala City.

Data from the interactive information system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData.

$61 million to be Invested in Real Estate Development

September 2017

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.

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.

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