Vertical Housing: $12 Million in New Investment

The construction is planned to start in the municipality of Santa Tecla, El Salvador, a residential complex of 39 houses of two floors each, which will have three rooms and two parking lots.

Thursday, January 16, 2020

The project called "Residencial Vía del Carmen", whose reserve in plans is 30%, will begin to be built from the first quarter of 2020 and will be developed by the real estate company "3 Torres".

You may be interested in "Residential Construction: Figures in the Region"

Milton Galdámez, Operations Manager of 3 Torres, told that "... We will start with repairs to sidewalks and facades and the projection is to start construction in the first quarter of 2020 and would be completed by the first quarter of 2021, but there is a variation because it will be done with the mode of land plus construction, that is, there are houses that 3 Towers will do immediately and in other cases as the customer orders them."

Galdamez added that "... The style of the condominium is more traditional and architecturally has colonial touches with light colors, wood details, roofs and lots of green areas."

The residential complex will have two models of houses, which range from 182 square meters, and among its attributes are the underground electrical wiring, equipped kitchen, a playground, cisterns and security system.

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Keep track of all the projects that will be developed in the region through our online interactive Construction Platform. More info here

More on this topic

Residential Construction: $30 Million in New Investment

November 2020

Calypso Developments announced that it plans to build a horizontal residential complex in the province of Limón, Costa Rica, which in its first stage will consist of 77 homes.

According to information released by the company developing the project, the new housing complex will be called "Condominio Hacienda Santa Rosa" and will be located in the Southern Caribbean, 15 minutes from downtown Limon, on the road to Cahuita.

El Salvador: $11 million Residential Project

August 2018

Construction has been announced of a horizontal housing complex containing 39 homes, in the municipality of Nuevo Cuscatlán, in the department of La Libertad.

The construction company Algasa stated that it will begin construction of the residential complex called "Altema Family Townhouses" which will be built in two phases, the first one whose works will begin next month includes the development of 19 townhouses that will be ready in the last quarter of 2019

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.

Nicaragua: Residential Complex for $10 million

January 2018

The Guatemalan construction company Spectrum, started construction, in Managua, of a residential complex with 93 homes on two levels.

The guild of developers announced that the first stone was laid yesterday, of the project that will offer five housing models at prices that will range between $100,000 and $168,000.

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