The growth experienced in the area has led to the Unit of Reverted Properties to postpone the sale of lots in Amador and Sherman in order to update development plans anticipated in that area.
It's not just the projected fourth bridge over the canal and the convention center being built in Amador, but also the future Metro Line 3, which connects the east of the city with the districts of Arraijan, Capira, Chame, La Chorrera and San Carlos.
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."
Shopping centers and hotels in the city and on the coast are part of the new projects planned for this year and 2015.
Four commercial and mixed-use projects are predicted to boost the sector in 2015. These are City Mall, City Place in Santa Ana, Ocean Mall in Puntarenas and Jacó Beach Walk in in Jaco beach. City Mall and City Place are currently under construction and are projected to start operations in the middle of this year.
The well positioned area of Coco del Mar, in Panama City, will be designated as high density, allowing the construction of residential and office buildings.
The Ministry of Housing and Land Management has made changes to the zoning of the area adjoining via Cincuentenario, between Calle 50 and Calle Republica de la India, changing its classification to RM3-C2, which allows the construction of high-rise residential and office buildings.
In Panama, the district of Chitre, in the province of Herrera, is becoming a boutique metropolis for trade and tourism.
According to the architect Jose del Carmen Perez, a new zoning plan for Chitre by the Ministry of Housing is on the point of being adopted, which allow the construction of buildings over 10 storeys, something that is not allowed under the current plan.
In light of a better investment climate, construction has resumed of the luxury oceanfront condominium project, after becoming stalled two years ago.
Milagro del Mar was designed to create an exclusive community within the Gran Pacífica, with 122 condominiums, 20 villas, swimming pools with waterfalls and a pool by the ocean, a gym, a restaurant and a convenience store.
In Muxbal, between markers 10k and 13k from the old road to El Salvador, three new shopping centers will soon be opened.
Elperiodico.com.gt reports that " Grupo Pucom is building the ‘Vista a Muxbal’ complex at kilometer 9.5; Grupo Tir is developing Minuto Muxbal at kilometre 13, while MU Inmobiliaria (Mauricio Urruela) is constructing Shops at Muxbal at kilometer 13.5. '
The boom in vertical housing continues in the capital of Costa Rica, where the trend of living near to the down town area is a response to the serious problems of road traffic.
Condominios 6-30, Torres del Lago, Torres Paseo Colón, Vistas de Nunciatura and Condominios Nara are some of the residential-commercial projects currently on offer in the city of San Jose.
A large scale theme park would be located in Guanacaste, on an estate measuring more than 900 hectares, with hotels, shops, offices and function rooms.
The project, developed by Sun Ranch calls for investments of $1 billion over 15 years and the use of 578 hectares.
The complex would be located about 9 kilometers from the city of Liberia, near the Daniel Oduber Airport.
The project Puerta La Palma, developed by the Real Estate division Dueñas Hermanos Ltda., will feature 66 homes, with a construction area of between 265 square meters and 283 square meters.
The project, targeting high income families, will be located in what the developers call "District El Espino", which ecompasses the area from Gran Via shopping center down to La Castellana, Portal Ribera, the residential site El Espino and Portal Canarias.
Project "‘La Hacienda del Comendador", located in the municipality of San Miguel Dueñas, Guatemala, will have church, gardens and a "Commander's House."
According to an article in Siglo21.com the developer is Desarrollos Integrales para el Progreso (D&P), which plans an initial investment of $7 million for the construction of community projects, which will give a colonal character to the entire project.
If all the planned office buildings were constructed, supply would exceed demand.
At the moment, the construction companies involved are ready to begin construction of 180,000 m2 in the Greater Metropolitan Area (GAM) in San Jose, which, if this went ahead, would lead to a situation of market oversupply, reports Elfinancierocr.com.
What is the current situation? At the end of the first quarter (2012) there were 990,721 square meters of office space, of which 9.4% is available. There are 126,909 meters square under construction. Colliers estimates that this supply can be absorbed smoothly by the market within 12 to 18 months.
65 minutes from Panama City, the resort has 227 m2 houses and 117 m2 apartments, a golf course, swimming pools and sports fields.
The project Bijao Beach project has advanced the Villas Miraflores complex with single-family homes and apartments, which occupies 7.5 hectares in an area located 65 minutes west of Panama City.
Newland International Properties has announced that it has approved an agreement that enables the release of company funds in order to finance the works still to be completed.
The company Newland International Properties Corp. announced on Tuesday that it has reached an agreement with the holders of its bonds, which will allow the building the Trump Ocean Club hotel to be finished, reported Capital.com.pa.
In order to attract the attention of investors, entrepreneurs have created a portfolio of six major projects for tourism development.
The Association of Coastal Marine Tourist Developers (Promar in Spanish), led by renowned Salvadoran entrepreneurs, recently presented the Government with an ambitious portfolio of six mega resorts with high potential to attract investment to the country, to be run in the next 14 years, and which is valued at $2 billion.