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Costa del Este

The beginnings

of this exclusive area


Costa del Este is an exclusive area of real estate development in Panama City that is located in the Juan Diaz district, near the border with Parque Lefevre. It was designed with first world standards, completely underground wiring, restricted access urbanizations, independent plant for wastewater processing, etc. It is mostly inhabited by upper class families.

The Costa del Este Project was presented to the public in 1995, since then it has become one of the areas with the highest real estate development in Panama City and with the greatest human development in Panama. This 310 hectares is an area that has become an important and exclusive place in the city.

It is crossed by the South Corridor, connected to the city by a two kilometer long marine bridge, which communicates it in a few minutes with the city’s downtown and the Tocumen International Airport. It has large sidewalks, parks, recreational places, a huge central plaza, resting places and a boardwalk almost 4 kilometers long, similar to a Balboa avenue.

Residence Department

One of its sections, where the Industrial Park is located, was known as the "Old Panama Landfill", since it is a piece of artificial land created with the deposit of the material that was extracted for the construction of the Panama Canal, for years this large land area was neglected, but recently it has become the Industrial Area (Used for Merchandise Distribution Centers). The rest of the sections were mangroves and virgin forest, where the most modern buildings of this city are built. In order to enable the mangrove lands, millions of tons of earth and rocks were poured, most of them coming from a hill near the Villa Guadalupe area, which was completely eliminated.

In terms of valuation of residential projects, it is the second most valued area, just below Balboa Avenue.

Royal Square

 

The beginnings of Costa del Este  - February 10th, 2017

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    Luz Carbono | Realty & Attorney Panamá. Website developed at MGPanel by MiGuayaba.com © 2018