Providing Security is Key to Real Estate Development

Billed as a "private city", Paseo Cayalá is the first of several complete urban projects to be developed outside of the capital of Guatemala.

Monday, January 14, 2013

The complex located about seven miles from the capital and is the first of several to be developed which include, in the same place, different types of houses, boutiques, supermarkets, restaurants, parks and even a church, all with security service included.

"El Paseo Cayalá, measuring 14 hectares, is the first of these complexes, including apartments, expensive boutiques, parks, a church, clubs and restaurants, all enclosed within a white stucco wall.

The builders of Cayalá Paseo say it is a site which provides housing for Guatemalans from various social strata. Over the next decade, they hope to build similar projects in another 335 hectares", reported Starmedia.com.



More on this topic

$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.

Environmental Permit for Multi Million Dollar Project

January 2016

Plans are underway to build in Panama City a mini city estimated at $4.1 billion, which will include areas for logistics, commerce, residential development and city utilities.

The Environmental Impact Assessment (EIA) submitted to the Ministry of Environment in October 2015 by PGC Developers, SA, indicates that the development called "Panama Global City" (PGC), and will be located in the districts of Tocumen, 24 de Diciembre and Pacora, in the district of Panama, Panama Province.

Megaproject ‘Paseo Cayalá’ Starts in Guatemala

October 2011

The housing development project will require an investment of $50 million in the first year alone.

The first phase of construction of the mega development, which will incorporate residences, medical clinics, shops and offices, begins shortly.

During this first phase of Paseo Cayalá, complete construction of which will take 15 years and consist of 63 hectares, houses, shops, restaurants, jewelry stores, and barber shops, among other things will be constructed in 7.2 hectares.

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