The Salvadoran group is building 'Plaza Tempo' in Escazu, a shopping center and office complex.
The 16.000 square meters of office complex and the 6.300 of commercial areas will be integrated into the Holiday Inn Hotel, which will open in less than a month.
"The complex will have space for 934 vehicles and the spinal cord of the project will be a pedestrian street crossing the commercial sector and ending at the five-story Office Center," reported the article in Nacion.com.
Its first stage was officially inaugurated yesterday, comprising cinema, food court, coffee shops, businesses, offices and hotel.
The project is being developed by real estate company "Portafolio Inmobiliario" and will generate over 450 direct jobs.
From Elfinancierocr.com: "The architectural design of Avenida Escazú is considered among the country's best, and it won first place in the 2006 Architecture Exhibition.
Grupo Monge inaugurated its third "Play" store in the country; it is located in Escazú, and has 2.355 square meters of commercial space.
The $5 million electronics and home equipment store will offer 9.000 different products.
"Grupo Monge has hired 60 people for administrative and sales jobs. They were trained in the group's other two Play stores: Zapote and Paseo de Las Flores", reported Nicaraguahoy.info.
The 109-room hotel opened on June 12th, and it is the first Residence Inn by Marriott to be built outside the United States and Canada.
The hotel, which is property of Caribe Hospitality, is administrated by Marriott International and required an investment of more than $10 million.
According to Elfinacierocr.com, the hotel “...includes 109 rooms using the concept of “long stay,” 53 of which are studio suites, 46 one-bedroom suites and 10 that have two bedrooms. The novelty of these rooms is that they are 50% bigger than those of a traditional hotel.”
With an investment of $2.4 million, they are building a new Play store in Escazú, and it is expect to be ready in October 2009.
The new Play consumer electronics store in Escazú, the third with this format that M Group has in Costa Rica, will be aimed at a niche market with high purchasing power.
Company president Carlos Federico Monge told Elfinancierocr.com that Play is a store concept that is unique in the region, since it operates as a reference business for electronic products. The store in Escazú 'will be the largest (2,400 square meters for sales, warehouses and parking space) and the best in Central America due to its design and consumer interactivity,’ he said."
This is the first of seven hotels that Agrisal Group, in partnership with InterContinental Hotels Group, expects to build in Central America.
The 10,000 square meter hotel will have 163 rooms, and it is expected to start operations in 2010.
German Rivas, in his article in Laprensagrafica.com, reported statements by Eduardo Quiñónez, director of AGRISAL Group's hotel division: “It's the starting flag in our race for regional hotel leadership.
The real estate project "Avenida Escazú", to be launched in July includes the Residence Inn hotel, an area for movie theaters, shops and offices.
The Residence Inn hotel will open its doors in April with 100 rooms. In July, the first phase of the project, which includes several shops and 13 thousand square meters of office space, will be inaugurated.
The Salvadoran firm inaugurated the third phase of Plaza Roble, an office complex in Escazu, San Jose.
Yesterday the construction of phase five of the Multiplaza commercial center was started. Both projects are developed by the Grupo Roble, a real estate subsidiary of Grupo Poma. Details for the inauguration of 8-floor tower connected to the Intercontinental Hotel.
The company will invest $20.6 million dollars to enter the market with its Embassy Suites. The new six-storey project will be located in Escazú. It will have between 150 and 200 suites.
The hotel group will launch its Embassy Suites project in February 2010. The Embassy Suites brand is aimed at the corporate market.
The company will spend $20.6 million dollars to build its hotel in Escazú across from Plaza Roble and the Multiplaza Shopping Center.