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Development rises in the east of Costa Rica

development raises in Costa Rica And not just one or two developers interested in the area east of San Jose. They are numerous projects, some still drawings and other under construction, which together represent investments of millions on this side of the capital.

Perhaps the most recent project delivered is the Business Center of the East, with four individual towers of eight floors and three basements each. The work covers 90 thousand square meters of construction and investment exceeds $ 100 million.

"I have ready plans and environmental permits, I'm waiting for the Development Fund of Banco de Costa Rica to have the project under consideration," said Juan Jose Wedel, project manager and developer, who hopes that in two months, the funding has green light.

Another office building is the Terra Corporate Campus, which is already under construction, consists of two five-story tower adjacent to Terramall. This project would be completed for delivery to clients office in gray work in the first quarter of 2012.

Also in the building process is the Oficentro Condal San Pedro, $ 10 million. A play on the sidewalk eight levels and two underground floors.

But the office projects are not the only ones interested in this area, they added housing and commercial construction.

As for housing projects, the construction Eliseo Vargas SA will start this month building a seven-story tower of apartments, called Real Ayarco by location. The investment is $ 6.5 million.

But commercial construction not far behind. The largest project of its kind in the East is Momentum Pine Plaza. Although the firm behind the project, Development 506, did not disclose the investment amount, your local extension -60, a theater, a medical tower, a hotel and a Oficentro-points to several million dollars.

Other recent commercial projects in this area are Plaza Madrid, The Grove and Three Rivers Plaza.

Why should you investment in this area? One of the main attractions is that "much of its population is highly educated, very important factor for companies seeking office and commercial spaces where established," said Marc Fernandez, director of 4D Real Estate Development, a firm responsible for Terra Corporate Campus.

Another attraction for developers is the presence of universities in this area, as the Latin University, the University of Costa Rica and the Technological Institute of Costa Rica.

On the other hand, is mentioned as a traffic congestion problem, especially near the station La Galera. This advantage despite being the large number of hits you have this area.

Adapted from 'La Republica' Under Construction
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