Urbanica announced that from November will begin construction of the second apartment tower of the residential project "Puerta del Alma", located in Antiguo Cuscatlan, El Salvador.
In the first quarter of 2020, the Urbánica construction company plans to begin construction of a corporate center composed of four towers, in the district of El Espino, San Salvador.
Representatives of the company informed that the new corporate center will be called "Capital Business Campus", and that soon will begin with the commercialization of the spaces.
Urbánica is building in the El Espino district, in Apopa, a three-level commercial complex that will have 55 commercial premises and parking for 360 vehicles.
Representatives of the developer of the project whose investment will reach $12 million, informed that they are in the construction phase and that they expect that the new shopping center will be ready for Easter next year.
In El Salvador, a construction project has been announced for 2019 which consists of building a mini-city, whose master plan will be developed over a period of 15 years.
According to representatives of Urbánica, the developer that is promoting the mega project, it will be located in the Norponiente sector of Greater San Salvador, in the municipality of Apopa in the area known as El Ángel, and the project is currentlyin the phase of negotiations with government authorities.
The construction of a ten story residential tower, estimated at $16 million, has been announced. The building will house 96 apartments and will be located in Colonia San Benito, in San Salvador.
The construction company Urbánica Desarrollos Inmobiliarios reported that it will start, in December of this year or in January of 2019, construction on a housing complex called "AM Tower", which is expected to be ready in the second half of 2020.
Construction work has started on a residential complex estimated at $60 million, which will be composed of three apartment towers and will be located in Antiguo Cuscatlán.
The housing project being developed by the construction company Urbánica is called "Puerta del Alma".It will have 304 apartments and 709 parking spaces which will be distributed in an open area and twobasements, and the condominium will be located on Calle El Pedregal in front of the Multiplaza shopping center.
The 130-room Marriott Fairfield hotel started operations at the La Gran Vía shopping center in San Salvador.
With an investment of $17 million, the developer Urbánica opened the doors of the new Marriott Fairfield hotel.The property will focus on the business tourism segment as does the Marriott Courtyard, developed in the same area.
Urbánica has announced that it is planning to start building the first of three 14-storey buildings and 112 apartments in Antiguo Cuscatlán at the end of this year.
The developer plans to start building the first of the towers later this year, and construction of a second and third will depend on the sales process.According to Alejandro Duenas, executive director of Urbánica, in the first phase of construction $24 million will be invested.
Urbánica announced the construction this year of a 130-room Marriott Fairfield hotel in downtown La Gran Vía, and plans to start operations in 2017.
The real estate developer announced the construction of the UrbánicaMarriott Fairfieldhotel, located in the shopping center La Gran Vía in San Salvador, for an investment of approximately $17 million. The property will focus on the business tourism segment as does the Marriott Courtyard, developed in the same area.
Two years after its approval, the law streamlining procedures for construction does not operate, delaying projects which are in process and preventing the onset of new ones.
Added to this is lack of investment in public infrastructure, which is preventing the private construction sector from developing new projects, particularly in areas where there is not adequate road infrastructure.
The developer Urbánica in San Salvador has started construction of 57 apartments in two towers each with 11 floors.
The towers will be built within the Conjunto Condominal Portal Canarias residential project, which with this new stage, will complete a total investment of $60 million, said Alejandro Dueñas, executive director of Urbánica to Elsalvador.com.
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.
The company Urbánica Desarrollos Inmobiliarios plans to develop an residential project, known as Portal Canarias in a 15.7 hectare area in El Espino.
The project, which includes four residential condominiums, will generate about five thousand jobs both direct and indirect, said Alvaro Barraza, Commercial Manager of the project.
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