Boyd's Realty with the spirit of being at the forefront in the Panamanian and international real estate sector and with the aim of providing you, our valued clients, the best and most profitable investment opportunities, on this occasion we have visited the vicinity of Porta Norte , to know and understand first-hand with Henry Faroop, Co-founder and CEO of this impressive project in development.
Panama Norte is projected as a Zone of Ecological and Tourist Interest and of Ethnocultural and Historical Protection, among other provisions.
It is a project that will undoubtedly have a positive impact in the region and internationally, because it guarantees sustainable development based on responsible community tourism activity, which promotes the development of entrepreneurial capacity in the communities, in accordance with the use of resources. responsible responsibly.
By way of knowledge, we share with you that the Porta Norte City represents an evolution in the history of Panama City, where the first city was what we know today as Panama Viejo. Later, the city moved to where the Old Town is and today it would be moving to Ciudad Porta Norte. With this, the city evolves once again, rescuing those values of yesteryear and the sense of neighborhood and community with the neighbors through the concept of the New Urbanism with which the project is developed.
Porta Norte will be built in an environment of 262 hectares. It will have an investment of approximately 500 million dollars. It contemplates in its Master Plan multiple public spaces (for the comfort of the pedestrian, as the main priority), creating a diverse, mixed city, focused on allowing people to enjoy an active life, full of culture and with a close bond with nature .
Already in the progress of construction of its first stage, the sanitary, rainwater, drinking water, electricity and communications, road network has been buried. Now comes everything that will be seen with the naked eye: the streets with their bike lanes, huge sidewalks, squares and lush trees.
As in a real city, it needs to be filled with residential, educational, work, institutional, health center, hotel and recreational components. It will incorporate its own Market Plaza Porta Norte, a different shopping center that will become an icon of the sector.
There will be spaces for small, medium and large developers to join to be part of this new community, where they can leave their mark.
Access is very convenient and fast, thanks to the outstanding infrastructure of large works; like the majestic Vía Panamá Norte and the termination of line 2 of the metro.
Residential megaprojects such as Paseo del Norte, Green City, Green Valley, La Foresta and the future development of Grupo Shahani are also being built. All having the Panama Golf Club as a neighbor.
In addition, this sector has become the most important educational hub in the country, where more than 15 schools of the highest academic level are present.
The magnitude of growth that is taking place in the North Panama area; It is considered as the new development pole of the capital of Panama.