Bringing a new project to market in Panama takes between 1-2 years for the entitlement process, which is why we are pleased to be offering this 100% shovel-ready project for sale.
Zoned with the highest possible usage RM3-C2, this project was originally designed to have two towers of 81 units each for a total sellable square meterage of 15,000m2 of apartments and 3,500m2 of commercial space.
The property is sold with all plans and approvals, all of which are current and in good standing.
For the well capitalized buyer looking to develop, this could be the perfect opportunity to enter the Panama real estate market in one of the most developed areas of the city.
The lot is adjacent to several 30+ story high rises as well as some boutique shops and restaurants.