Investors propose highrises and hotels in david

I doubt seriously that anyone would build a 40 story building in David. If they did you could see the building from here in Boquete. That is nearly as tall as the Mirimar on avenida Balboa, which was one of the tallest in Panama city. Take a look at the renderings here.

Here you go!

New construction in David is at an all-time high, and the local government will do all it can to ensure that it continues, said Ínes María Samudio, municipal engineer of the Chiriquí province.

Already this year, $27 million has been invested in new projects, she added. One of those is a 40-story apartment building that its Panamanian investors hope will be approved for construction in front of the Plaza Terronal shopping mall, on the Inter-American Highway.

"The plan is currently being evaluated and has not yet been offered up for public discussion," said Samudio, adding that once it is approved by the public, the area will then undergo analysis by the Instituto de Acueductos y Alcantarillados Nacionales, a process that is likely to take several months.

The $25 million apartment complex project would necessitate a change of zoning for the land in question, as there has never been such a tall building in David.

Meanwhile in David´s city center, two 5-star hotels have been proposed. The first involves the old Hotel Panamá Rey, which has been sold for $1.5 million to an American investor, who plans to transform it into a modern resort for an estimated $800k.

David´s mayor Francisco Vigil said that all of the projects pending approval will be obligated to provide ample parking.