Portalmar Breaks Ground on Towers 1 and 2: A Major Milestone for Panama’s Caribbean Coast

The wait is over. After months of behind-the-scenes progress—site grading, foundational prep, infrastructure rollout the massive Caribbean project Portalmar has officially gone vertical.

As of this week, construction has begun on Towers 1 and 2, marking a significant milestone in what we believe is the most transformative project on Panama’s Caribbean coastline.

These aren’t just any buildings. Towers 1 and 2 are the centerpiece of Phase One, now over 80% sold out, and set for delivery in Q1 of 2028. For those who’ve already secured a unit, this is the update you’ve been waiting for. For those still considering—this is your signal that momentum is real, and the window to buy early is starting to close.

From Siteworks to Skyline

Before we get into what’s next, here’s a quick recap of what’s already been accomplished on the ground:

• Pile trimming (descabezado de pilotes) is in progress for Towers 1 and 2, the necessary step before slab work and vertical structure begin.
• Piling is now complete for the hotel zone.
• New pile driving has begun for the future Beach Club and Arrival Center, both major lifestyle anchors for the community.
• The signature Portalmar Boulevard, the project’s central roadway, is already paved from the entrance gate through the first two roundabouts, setting the stage for circulation and future development phases.

This is not the beginning. This is the next chapter.

Portalmar: A Master-Planned Community

Portalmar is more than a beachfront condo project—it’s a fully master-planned community set along one of Panama’s most pristine and untapped stretches of Caribbean coastline, the Costa Arriba.

Here’s a snapshot of what’s coming in Phase 1 & 2:

• Three residential towers, offering ocean-view condos built for comfort and long-term value
• A boutique hotel to bring foot traffic, tourism, and lifestyle to the area
• A full-service Beach Club for residents and guests
• An Arrival Center and future commercial zones for retail, dining, and shared services
• Miles of walkable internal roads, landscaping, and bike trails

Towers 1 and 2 kick off a much larger vision, one that ties directly into the future of the Costa Arriba region.

Enter the Corredor Ecológico: A Game-Changer for Access

The launch of vertical construction couldn’t be better timed. Just as Portalmar’s first towers are rising, Panama’s new Corredor Ecológico highway is advancing quickly and bringing improved access, smoother logistics, and massive upside for anyone investing in the area now.

This new road will eventually link the coastal areas of Colón province with Panama City in less than two hours. That kind of accessibility is what moves the needle: not just for tourism, but for long-term livability and property values.

When Portalmar delivers in 2028, it won’t be a remote outpost. It’ll be a well-connected beachfront community, already established and on the map.

Why This Update Matters (Even If You’re Just Learning About Portalmar)

For early buyers, this construction milestone is a confirmation that everything is moving forward as planned.For others watching from the sidelines, it’s a moment to revisit the project with fresh eyes. Pre-construction pricing won’t last forever, and the next tower (Tower 3) is expected to launch construction shortly.

What’s Next?

The team behind Portalmar is moving forward with pace and precision. Expect to see:

• Foundation work and above-ground structure for Towers 1 and 2
• Continued progress on internal roads and infrastructure
• More updates on the Beach Club and Arrival Center construction
• Tower 3 breaking ground later this year
  

At Panama Equity, we’ve had boots on the ground since day one. We’ve toured the site, met with the developers, and understand the full arc of the vision here. And we’re excited—not just about what Portalmar is becoming, but what it’s unlocking for Panama’s Caribbean coast as a whole.