Description:

Titled development site in El Chorrillo, Panama City, with 1,082 m² of usable area and three street frontages: Avenida A, Calle 19 Oeste and Calle 20 Oeste.

The project keeps its rights under RM3-C2 zoning (High-Density Residential and High-Intensity Commercial), certified under transitional provisions. Current zoning in the area (ZM3) limits new projects to 6 floors. B4 has an approved concept for ground floor + 13 levels, more than double the height, plus an ATP tourism endorsement as a 172-unit Aparthotel. This development capacity can no longer be replicated in the area.

The scheme includes approx. 172 units, ground-floor retail, basement parking and a rooftop pool deck.

Located between Casco Viejo, Amador and Cerro Ancón, a short walk from Plaza Amador, Cinta Costera 3 and the 5 de Mayo Metro station.

Sale or Joint Venture: the property is available for outright sale. We're also open to joint ventures and other structures with developers and investors, such as land contribution or co-development.

Highlights:
• 1,082 m² usable area · 3 frontages · double corner
• Grandfathered RM3-C2 zoning (transitional certification)
• Approved concept: ground floor + 13 levels
• Ground + 13 approved vs. 6 floors allowed today for new projects
• ATP tourism endorsement · 172-unit Aparthotel
• Ground-floor retail · basement parking · rooftop pool deck
• Outright sale or Joint Venture

Plans, certifications and full documentation available to qualified buyers and investors. Message us on WhatsApp.

Renders and images are conceptual, for illustrative and volumetric estimation purposes only. The design can be modified to suit the buyer's project.