East of the Costa Rican capital, in Curridabat, plans are underway to build a mixed development consisting of an office and apartment tower, and a shopping center with 200 stores, cinemas, food courts plus 1,200 parking spaces.
The project, according to the Environmental Impact Study (EIA) submitted in February of this year to the Setena, also includes expansion and remodeling of the hardware store EPA.
The area of the San Benito neighborhood is one of the areas of the Salvadoran capital that reports great dynamism in the construction of vertical housing, office buildings and shopping centers.
The area has become a tourist center and according to the Zona Rosa Corporation Association, it is expected that at least eight projects will be completed in the coming months that will be destined for different types of uses, and the estimated investment will exceed $166 million.
In the San Benito neighborhood they built a building that will have four levels of offices, three for commercial areas and four basements for parking with capacity for 555 vehicles.
Grupo Agrisal announced that in order to expand the Plaza Mundo shopping center it will invest $7 million in the construction of new infrastructure and remodeling works.
Representatives of the project stated that the investment will include the construction of 4,000 m2and the remodeling 6,000 m2. With the extension of the building that is located in the city of Soyapango, department of El Salvador, 40 new stores will be added and with this increase the shopping center will have a total of 400 stores.
Construction has started in Tola of a mixed tourist complex estimated at $20 million which includes 12 houses, a four-story tower with 18 apartments and a commercial area.
Travis and Lucas Boychuk, promoters of the tourism project that will be located in Gavilán beach, reported that for the tourism development called "Surf Ranch Hotel & Resort-Emerald Coast Popoyo", they will be building condominiums, apartments, restaurants, an events center, commercial premises, swimming pools, a spa, casino, gym and other amenities.
Construction has been announced of a 27 thousand square meter building that will include offices and commercial area and a four-level parking lot in Tegucigalpa.
From a statement issued by the Honduras 2020 Development Program:
Plans are underway to build a 32 thousand square meter shopping center in Managua, which will house around 100 stores, restaurants and a hotel.
Representatives from Grupo Multicentro announced that in two weeks they will start construction of the shopping center called "Centro Mall", which will be located in front of the El Periodistaroundabout and will offer 100 stores, restaurants, cinemas and a hotel.
A wastewater treatment system in Panama, apartment towers in Costa Rica and a shopping center in Guatemala are some of the projects planned for the coming months in the region.
The interactive platform "Construction in Central America" compiled by the Business Intelligence Unit at CentralAmericaData provides an up to date list of public and private constructionprojects for which EIA's were submitted to the respective institutions of each country in September 2017.
In the past 12 months, 165 environmental impact studies, valued at $350 million, were submitted for the development of shopping centers, supermarkets, department stores and other types of commercial buildings in the region.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:
The restaurant area at Galerias Santo Domingo will be expanded by 5,200 square meters, and it is expected that twelve new international franchises will set up in it, including Hard Rock Café.
Fernando Robleto Lang, general manager of Inmobiliaria Santo Domingo, explained to Laprensa.com.ni that "... with the new 5,200 square meter extension, the investment in the shopping center will reach a total of 100 million dollars in 2018."
In the second quarter, the amount of finished construction registered a year-on-year increase of 1.7%, mainly due to construction destined for commercial use and services.
From a quarterly report by the Central Bank of Nicaragua:
A growing trend in online shopping is forcing malls to rethink their business models and renew their strategies for attracting customers.
While Internetshopping trends in Central American countries are still a long way behind more developed markets such as the United States, businesses are already starting to feel the effects of increased consumer interest in online shopping.
Inversiones Simco plans to build a second stage in the Plaza Santo Tomás shopping center, which would include more commercial premises and office space and medical offices.
Grupo Campestre plans to start building a new shopping center in the capital at the end of the year with nine commercial premises and 180 parking spaces.
Sergio Romero, CEO of Grupo Campestre, explained that the company is already working on the layout of the shopping center, which will be built on a plot of land on the old Huizúcar street between Los Próceres boulevard and Los Héroes avenue, in the capital.
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