The horizontal residential, commercial and tourist condominium to be developed in Guanacaste, with different amenities and housing units.
CentralAmericaData provides an updated list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
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).
In Santa Cruz the issuance of new building permits for the exploitation of existing water sources has been prohibited due to risk of salinization of near-shore wells.
Until a proper long term water plan has been created, including the construction of a new pipeline, real estate development projects must remain on paper, since new construction permits will not be granted in three districts in Guanacaste most sought out by tourists, Tamarindo, Cabo Velas and Tempate.
A free zone, two hotel developments and a condominium estimated at $185 million and $30 million are part of the works that private entrepreneurs have planned for the province of Limon, in Costa Rica.
With the announcement of the construction of the container terminal at Moin and the extension of Route 32, investors have glimpsed investment and business opportunities in the province, which foresees strong economic development in the coming years.
Preparations are being made in the country for the opening of two high rise condo projects which combine residential units with hotel facilities and services.
The first 'condo-hotel' project called Ocean, located in Jaco, Puntarenas, is expected to start operations in December and includes an infrastructure of 7,200 square meters. The second project will begin the first phase of construction in the Greater Metropolitan Area in 2016 and will focus on the corporate market.
The project consisting of 7 hotels with 855 rooms and condominiums to be built in the Papagayo Peninsula, Costa Rica, will be developed by the Costa Rican company Florida Ice and Farm.
According to a file submitted by the company Florida Ice and Farm (Fifco) to the Technical Environmental Secretariat, the project will require $467 million to be invested in five phases running up to 2022 and includes, in addition to hotels and residences, "...
The tourism developer Gran Pacifica is planning to complete the Gran Pacifica villa with 300 homes, hotels and condominiums, golf courses and parks, according to the master plan for investment.
Laprensa.com.ni reports that "Leveraging the signs of recovery shown in some of the world’s economies, which seem to have withstood the roughest stage of the global crisis, the tourism developer Gran Pacifica is expanding its growth targets toward agribusiness, energy generation and mining, without abandoning its goal of consolidating residential tourism. "
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.
Property Developer Cubitá will begin in September a project by the same name in the Province of Herrera, Panama.
The works include the converting five acres into land suitable for residences, a shopping mall, condominiums and a hotel, the construction of which is expected to be completed in late 2012.
According to an article in Laestrella.com.pa's, "The project includes building 91 houses in the residential area, of which 64 are apartments and 27 will be houses, all within a gated complex with a perimeter wall and security gate. The square, the commercial component of the new concept, will have the capacity to house 17 shops or establishments. "
Grupo Krea plans to have the first phase of the project ready en Playa Monterrico, Santa Rosa by the first quarter of 2012.
The Guatemalan development project consists of hotels, villas and apartments distributed over an area of twenty hectares and will be built over a period of 5 years.
The USA’s emerging economic recovery and the growth in Guatemala's own economy are some of the reasons that have brought Grupo Krea to venture into this tourist development.
Nyesa Valores Corporación has announced the signing of a $330 million agreement with a North American investment fund to finance the construction project.
The complex will be constructed in the Costa Rican Pacific port town of Puntarenas and will feature a world class golf course designed by champion golfer Greg Norman, beach club, sports center and 1,400 residential units including villas, condos and vacant lots.
$20 million will be invested in developing 350 new residences.
Marta Molina, spokesperson for Royal Decameron Golf Beach, Resort & Villas, explained they will also invest in enlarging the hotel and building a shopping center.
Prensa.com reports: “the mall will boast 30.000 square meters of commercial space”.
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".
'Playa Secreta' (Secret Beach), a touristic project located in La Union's coastline is in hold, waiting for environmental permits.
The project comprises resorts, bungalows, marina, golf courses and the development of 11 hotels in the next 10 years.
"We are waiting for environmental permits. Once we have them, we will start the project", said
Mario Guerrero Argueta, president of 'Grupo Guerrero' and project leader.