The realtor El Parque is to develop an apartment block in the La Uruca area of the capital, San Jose.
Construction of the 15-story building is scheduled to begin in December 2011 and take 18 months to complete.
"El Parque group's new project will be located on a 13,000 m2 site near the main highway connecting the capital with the airport, very near the San José Palacio hotel," reports La Nación.