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 residential condominium of 591 houses is planned to be built in the province of Cartago, Costa Rica, which together will total a construction area of 146 thousand square meters.
According to the interactive information system "Construction in Central America" from CentralAmericaData, Cafetalera André, S.A. plans to build a residential complex called "Condominio Sotavento" in the district of Concepción, in La Unión canton.
Between 1990 and 2017, the constructed area of residential complexes in the condominium and apartment format in the Grand Metropolitan Area of Costa Rica grew from 5% to 25% of total space.
The most recent report from the State details that 80% of condominiums are in 24 districts, most of which are in the Western and Northern areas of the Grand Metropolitan Area (GAM).
Construction has been announced of a horizontal housing complex containing 39 homes, in the municipality of Nuevo Cuscatlán, in the department of La Libertad.
The construction company Algasa stated that it will begin construction of the residential complex called "Altema Family Townhouses" which will be built in two phases, the first one whose works will begin next month includes the development of 19 townhouses that will be ready in the last quarter of 2019
In Costa Rica, residential projects aimed at families in the middle socioeconomic segment increasingly tend to be located outside of the greater metropolitan area.
Nacion.com reports that "...Housing options for people and families in the middle-income bracket, a segment also known as the middle class, are increasingly moving to sites farther away from the capital city, according to a survey carried out on Wednesday, August 22 between real estate agents participating in the housing fair Expocasa and Decoration."
Apartment buildings and horizontal condominiums in different regions around the country make up the bulk of the list of real estate projects planned for the coming months.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be built in the region.
In Santa Tecla a real estate developer began the construction of 301 apartments distributed in four towers with six and 10 levels each.
Without disclosing the overall amount of the investment, the developers of the project called "Casas del Árbol" reported that the apartment towers will be built on a 3.5-acre lot located between the Pan-American highway and the Monseñor Romero boulevard, within the Santa Rosa residential complex.
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.
The law reform approved by the National Assembly raises from $32 thousand to $40 thousand the cap to receive a subsidy for social interest housing and up to $50 thousand for housing in condominiums and apartments.
With the reforms, the ceiling for receiving the subsidy for social interest housing is increased from $32 thousand to $40 thousand for a single family dwelling and up to $50 thousand for multifamily housing, the latter is a new feature of this initiative, specifically for condominiums and apartments.
Plans are underway to build a high rise condominium that will include three 14-level towers in Tibás, San José province.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, points out that, in July, Casa Santa María S.A. presented an Environmental Impact Study (EIA) to develop a high rise residential project in the district of San Juan, San José.
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.
In addition to the segment of young people who want apartments in downtown areas in Costa Rica, older adults are also looking for smaller spaces with easy access to services.
Developers of condominiums and vertical housing in Costa Rica assure that it is not only professional couples who are looking for apartments in buildings with amenities, and which are located in more urbanized areas where there are services such as supermarkets and shopping centers in the vicinity.
Plans are underway to build a residential complex composed of eight clusters, each consisting of 98 villas, on a total area of 135 thousand square meters in the municipality of Taxisco, Santa Rosa.
The developer Maria Rosa S.A. submitted to the Ministry of Environment and Natural Resources, an Environmental Impact Assessment (EIA) study to build a beach condo at kilometer 14.5 on the Iztapa road to Monterrico, Aldea Madre Vieja, in Taxisco.
Three bills are being prepared to encourage construction of marinas and condominiums for tourism, and the promotion of sport fishing.
The initiative to reform the Law on Investments in Condominiums is being prepared by the union of construction, tourism and urbanization, and aims to "open the regime of condominiums up to tourism investment"in order to continue forming the basis of infrastructure necessary for the region to consolidate itself as tourism destination.
Vertical and horizontal residential condominiums in the provinces of San José, Heredia and Cartago are some of the projects for which environmental impact studies were submitted in May 2016.
The report"Construction projects in Costa Rica in May 2016"prepared by the Business Intelligence unit at CentralAmericaData.com, provides an updated list of major construction projects for which environmental impact assessment (EIA) studies were submitted to the National Environmental Technical Secretariat (SETENA) in May.