$8 million has already been invested for the completion of the first of four stages, expected to be completed in ten years. The total investment will be $50 million.
The corporation Madreluz is in charge of the first stage of the project, which involves the development of ten stories, a commercial floor and nine floors of offices and medical clinics.
According to an article in Siglo21.com.gt: "The second phase will consist of two buildings, one for clinics and the other for a hospital. In the third phase a 14 story tower will be built for offices, medical clinics, apartments and 625 parking spaces. The fourth stage will be the building of a luxury hotel for patients'.
Source: sigloxxi.com
More on this topic
November 2010
Three new developments are in their final stages of construction in San Pedro Sula.
One of the completed projects is the Altia Business Park Tower, a 14 floor business center.
The other project, with an estimated investment of $ 25 million, is Rio Piedras a 21 floor condominium.
March 2011
"Torres Las Tablas" are two eleven story apartment buildings to be built in San Juan del Sur, which include shopping areas, terraces, pools and meeting rooms.
The first two floors will be used for parking space, shopping center and pools, while a observation deck will be placed on the uppermost story.
January 2011
Trinity Real Estate Corporation began work on its third mall in Coatepeque.
The works of the first stage of the mall, which has 28 thousand square meters, will be completed in November 2011.
Antonio Ralda, CEO of Trinity Real Estate Corporation, told Elperiodico.com.gt "...
May 2012
4D Real Estate Development has inaugurated the first phase of the Terra Campus Corporate office center, adjacent to the mall Terramall in Costa Rica.
From the press release by 4D Real Estate Development:
San Jose, Costa Rica, May 3rd , 2012 - 4D Real Estate Development has announced the opening of the first stage of the TERRA Corporate Campus, a Class A office center, located in East San Jose, a sector with the most development and economic dynamism in the greater metropolitan area.