Apartment buildings, gated communities and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform "Construction in Central America", 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 in September 2017 to the respective institutions of each country.
Apartment buildings, condominiums and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform"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 June 2017.
A logistics distribution center, a building for government offices, a school, a hotel expansion, and electrical infrastructure are some of the projects which submitted environmental impact studies in March in Costa Rica.
The report "Construction Projects in Costa Rica - March 2015", prepared by the Business Intelligence Unit at CentralAmericaData.com, provides a list of major construction projects which in March submitted environmental impact studies (EIS) to the National Environmental Technical Secretariat (SETENA).
Development Groups are preparing to build four new high rise luxury apartment buildings in the northwest area of San Pedro Sula.
Private developers announced the launch, in the coming months, of the implementation of high rise construction projects, which will mean an investment of more than $42 million .
"A businessman in construction and infrastructure and advisor to the Mayor of San Pedro Sula, Ernesto Lazarus reported that the minimum investment is $8 million for the construction which is a strong investment in an average of two years during the construction."
The search for safe habitats and the shortage of land in the central areas of Tegucigalpa and San Pedro Sula, is driving the construction of high rise apartments and gated communities.
The phenomenon occurs mainly in Tegucigalpa and San Pedro Sula. "The projects being constructed in the new development areas have emerged in recent years following the decline of the historic center of Tegucigalpa, another trade hub of the city, which has been losing its glamor coupled with a lack of planning policies and a commercial road," reported Laprensa.hn article.
The Trujillo Beach Eco-Development has been announced, with an investment of $50 million in an 600 hectare area which will feature residences for Canadian and Israeli citizens, in the form of condominiums and a hotel.
To date 40% of the total planned cost has been invested, which is $50 million. The "Trujillo Beach Eco-Development" project will be developed in a 600 hectare area in the area of Viejo Marañones, in the vicinity of Lake Guaymoreto.
Along with construction of a cruise terminal, there are also housing projects.
The residential projects, among them Alta Vista Beach, are being developed by Desarrollos Vision de Vista.
This project, as well as the Banana Coast cruise terminal, which is developed by "Grande Trujillo Autoridad", is sponsored by the Canadian company Fast Track Capital.
Pristine Bay Resort, a touristic complex spanning 180 hectares, is being built in Roatán.
The project will be developed over the next 10 years, and includes a golf course designed by Pete and Perry Dye, two five star hotels and residential units.
Pablo García Salas, sales manager, told Elperiodico.com.gt: "The first phase, currently under construction, consists of 70 lots, 30 villas and 16 condos. It is almost completely sold".
In November, the Honduran Tourism Institute will hand the completed infrastructure of the public-private venture.
With a $15 million investment, Honduras government developed the project's infrastructure, including paving, water supply, sewerage and the sanitation system.
"According to the Honduran Tourism Institute, it would be Hilton, through its Westin brand, the company operating 'Bahía de Tela' (Tela Bay).
American real estate company, RKI, presented a tourism development project for the island of Guanaja to the Government of Honduras
RKI (Richard Knorr International) presented the project, called Arrow Green, to the Minister of Tourism for Honduras, Ricardo Martinez, at a meeting of Honduran and American officials and business persons on September 24 in Chicago.
The "Key View Hotel and Condominiums" project, located in La Ceiba, includes a condominium tower and a five star hotel.
The company in charge of the construction is Inmobiliaria Turística del Caribe, which has more than 10 years of experience in this type of work.
The bank that is financing the tourism project is Wachovia of New York and Ficohsa in Honduras.
Works projects are about 15 percent completed on the tourist development of Bahía de Tela, on the Caribbean coast of Honduras.
So far the project managers have spent about five million dollars (98 million lempiras) on the mixed public-private project. Total cost is estimated to be 133 million dollars.
Bahía de Tela will have two five-star hotels each with 150 rooms, with an option of 40 condominiums, 250 residential villas, and an 18-hole golf course.