Guatemala City is expected to have a mixed commercial-housing project with a commercial area and apartments of different typologies with one to three bedrooms, providing options for those interested in residences.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
In the first quarter of 2021, 35 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Unit, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
The Íntegro business group announced that it will build a mixed-use real estate complex in Zone 11 of the country's capital, which will house 675 apartments and will also have commercial spaces.
The project is called Villa Mariscal and will consist of four totally autonomous towers. Each building will have its own gym, coworking area, meeting areas and rooftop.
Through solutions based on the analysis of satellite photos and machine learning models, it is possible to optimize the process of identifying the best land uses and analyze the areas where a construction project will be developed with a high level of detail, in order to find the optimal location and minimize investment risks.
The accelerated growth in the availability of data and the solutions and technologies being developed to take advantage of it is directly impacting all industries, and the real estate and construction industry is no exception.
A 14-story residential tower with 62 apartments is planned to be built on a 990 square meter lot located in zone 13 of the country's capital city.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence Unit, Bistal S.A. submitted to the Ministry of the Environment the Environmental Impact Study (EIA) to develop the project called "Construction of the Providencia Building."
In Zone 14 of Guatemala City a 13-level tower is planned to be built that will house 70 apartments, will have four basements and will require an investment of approximately $5 million.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Delfines S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Terra Delfines 2020."
In Zone 16 of Guatemala City they plan to build a residential complex composed of ten apartment towers, which will house 225 housing units of different types.
According to the interactive platform "Construction in Central America" of the Trade Intelligence area of CentralAmericaData, Inmobiliaria Las Lomas S.A., presented before the Ministry of Environment the Environmental Impact Study (EIS) to develop the project called "El Socorro Fase I".
In Zone 9 of Guatemala City, a residential tower is planned to be built that will house 281 apartments and have a parking lot with capacity for 541 vehicles.
According to the interactive platform "Construction in Central America" of the Trade Intelligence area of CentralAmericaData, Las Orquideas S.A., presented before the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "LOZ 9".
In Zone 14 of Guatemala City, the company Desarrollos Quinta S.A., plans to build a 23-level apartment tower that will have a construction area of 40,285 square meters.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Desarrollos Quinta S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called "Avita Quinta".
Torres Natura S.A. plans to build a residential complex consisting of three apartment towers, which will be located in the municipality of Santa Catarina Pinula, department of Guatemala.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Torres Natura S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the residential project.
Although the Guatemalan economy has almost stagnated in recent months, during the first half of the year the number of loans granted for the purchase of residences grew 3%, and by 2021 it is predicted that sales could be similar to those of 2019.
The social distancing measures and the prohibition of several economic activities decreed by the authorities due to the covid-19 outbreak, caused considerable negative effects to the Guatemalan real estate market.
Although at the beginning of the covid-19 outbreak in all the markets of the region the interest for the rent of apartments of residential use diminished, at the beginning of April the fall stopped and in some countries an incipient rise is reported.
Through a system for monitoring changes in consumer interests and preferences in Central American countries in real time, developed by CentralAmericaData, it is possible to project short and long-term demand trends for the different products, sectors and markets operating in the region.
In 2019, 426 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
On December 27, 2019, construction began on Céntrico, which will be located in Zone 5 of Guatemala City and will consist of four towers, which will house 495 apartments and commercial premises.
The project that is being developed by Integro Real Estate will be built in four phases, which will require about $57 million in investment and it is estimated that its construction will be completed in approximately three years.
The renovation of a school in Panama, the construction of a training center in Guatemala and the building of a residential tower in El Salvador are part of the investments announced in Central America for the coming months.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be in the coming months.