The Maritime Authority of Panama (AMP) has ruled that the real estate projects Ocean Front and Sea Point in Paitilla are being constructed legally.
This was the conclusion of a technical report submitted on Sept. 14 to the Panama City Mayor's Office.
The document indicates that both projects "are being raised within their respective properties."
Ocean Front will be a 40-story building with two level apartments, while Sea Point will be composed of three towers of 30 floors and 108 apartments.
The projects have been opposed by some residents of the area. The group Soy Paitilla issued a statement yesterday that said the AMP has "facilitated the appropriation of the sea." It also criticized the report, saying it ignored evidence and was done to support the promoters of the projects.
They said the project will be to the detriment of the community, the environment and the interests of the state. They plan to hire a company to do an independent study to dispute the findings of the AMP.
Mayor José Isabel Blandón said that the result of the study was clear.
Lawyer Jorge Gavrilidis, who represents Ocean Front developer Pacific Hills, said the results of the study should bring a close to the opposition to the project.
"We already have more than one year of facing an administrative process of the AMP, and our position has always been the same, we're not invading maritime space," he said