• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home In Focus: Panama

How Panama’s Corredor Sur Is Paving A Road To The Future

Panama’s Path Of Progress—How The Corredor Sur Is Shaping The City’s Future

Charles Conn by Charles Conn
May 04, 2017
in In Focus: Panama, Panama
0
silhouetted cars driving down a toll road towards the center of Panama city
214
SHARES
3.1k
VIEWS
Share on FacebookShare on Twitter

Since being handed control of the canal from the United States, Panama has blazed a trail of economic advancement and prosperity, a course it’s still on today. The results are plain to see: a recently expanded canal, skyscrapers left and right (and new ones being built), and additional lines for the city metro system getting established… Panama is synonymous with growth.

But to uncover which direction Panama City will be growing next, go east, young man, where all along the Corredor Sur toll road between downtown and the Tocumen International Airport, the last remaining open spaces for development within the city proper are slowly being transformed into a vast logistics center, replete with American-style residential projects, world-class recreation facilities, and expat amenities to support the workers who are driving this sector forward.

For the past decade or so, development in Panama City has been focused west of town, across the Bridge of the Americas following the Pacific coast through La Chorrera and Arraiján, and farther on towards the City Beaches—all forming part of Panamá Oeste (West Panama).

Accelerating this evolution is a Japanese-led public works project tasked with building a fourth bridge over the canal that will trace the route of a new extension of the metro, known as Line 3.Train service established, millions of residents living west of Panama City will obtain relief from one of the country’s most challenging traffic bottlenecks at the Bridge of the Americas. This bodes well for commuters residing in Panamá Oeste, and, though the project is years away from fruition, urban development west of Panama City has been and continues to increase.

All of this began with the master-planned community of Costa del Este, which looks across the curve of the Bay of Panama to the downtown city lights just 10 minutes away. Despite this proximity, Costa del Este is very much a world apart…a “First World” apart.

costa del este - panama city

Costa del Este is Panama’s most valuable, modern, and exclusive area. It features a wide variety of real estate options, including condo skyscrapers, single-family homes, and gated communities. In true American fashion, this suburban neighborhood has wide, smooth, clean roads, and without the canopy of electrical wires that hangs over many other roads in Panama City.

Heading still further east, you’ll encounter Panama’s Premier Business Park, a prominent structure comprising a five-building suburban complex. The center offers 58,000 square meters (624,000 square feet) of office and amenity space with glass and aluminum-clad, Class A architectural standards. Two buildings stand at four stories, and two stand at seven stories high. Restaurant facilities are located in the single-level amenity building, along with a gym.

Santa María is another recent addition to this eastern pathway—this one residential. Situated directly beside Costa del Este is the Jack Nicklaus-designed, resort-style Santa María golf course is impossible to miss if you come into the city from Tocumen airport.

The entire Santa María development is the primo luxury. The ground-breaking for the US$80 million Country Club took place in March 2016 and will feature restaurants, bars, event spaces, outdoor and indoor swimming pools, tennis courts, racquetball courts, basketball courts, and a fitness center. A boutique hotel is being built on the second floor. Family memberships are now available and, unlike with the golf club, you don’t have to own a house in Santa María to become a member.

Down the road a bit further, Costa Sur is a 44-hectare (109-acre) urban development consisting of eight independent gated residential housing estates, with a shopping center, just 15 minutes (without traffic) from both downtown Panama City and Tocumen Airport. Costa Sur is partially built on a landfill and it’s one of the largest single-family housing developments on Corredor Sur.

These 705 family-homes offer contemporary and colonial-design houses, with exceptional environment for family living and unique high-value amenities such as swimming pool, hot tubs, tennis courts, gardens, hiking trails, party room, and 24-hour security for all the residents. Already there is one private school in Costa Sur, the 7.2-hectare (18-acre) Colegio de Panamá, offering bilingual primary and secondary education.

Less than five minutes away from Costa Sur is Versalles, the first master-planned community in the district of Juan Díaz, comprising a gated, American-style, tract housing development and a complement of mid-rise apartment buildings.

In the time since the first houses in Versalles came on the market, an El Rey supermarket opened, as well as a few restaurants, and little other businesses. This was in 2012. ­­

Little under five years later, the neighborhood today boasts American-style amenities similar to Costa del Este’s, with a growing number of casual dining options, more banks, and several clinics treating minor ailments and offering dentistry.

Like its cousin Costa Sur, Versalles’ success hinged on its proximity to the Corredor Sur freeway, with easy access to both Panama City and the Tocumen Airport, each a short, 15-minute ride away in opposite directions.

tocumen airport - panama

Continuing on from Costa Sur, you’ll come across several new business parks: Metro Park, Parque Sur Industrial Park, Pana Park Free Zone, Parque Industrial de las Américas, and Global Business Terminal. And Tocumen itself is still undergoing a massive expansion, planned to open in 2022.

Panama still has a ways to go, but it’s well on the way to achieving its goal of becoming the logistics and transportation hub par excellence for the region.

The elements are falling in to place, all of which can be seen from one end of the Corredor Sur to the other, be it new places to live, work, or play. With the completion of the Metro’s Line 2 set for 2019, in time to receive the influx of visitors expected for the Catholic Church’s World Youth Day celebrations, the east side of the city will continue to expand, along with areas outside the scope of this paper.

With all the international attention this small country has been justifiably receiving in terms of investment, infrastructure, and finance for the past several decades, Panama will soon be riding into the sunset of its own bright future.

Charles Conn
Panama Insider

Tags: corredor sur panamain focus panamapanama corredor sursouth corridor
Share86Tweet54
Previous Post

How Raising Your Kids In Panama Could Be A Big Advantage

Next Post

Da Nang, Vietnam: An Entrepreneurial City Poised For Success

Charles Conn

Charles Conn

Charles Conn is a Canal Zone-born world traveler with a film degree from the University of Southern California and a passion for all things Panama. When he’s not scouting isthmian locations far and near, Charles can be found at his farm on the outskirts of Panama City where he likes to read, do yoga, and listen to dance music.

Related Posts

A view of the colorful buildings in Panama City, Panama during a sunny afternoon
In Focus: Panama

This Apartment In Panama City, Panama Is Your Key To Residency

by Lief Simon
May 12, 2022
0

I've lived in Panama for about 15 years... And I've invested more money here than anywhere else... From farmland and...

Read more
A small house in Cerro Punta, with bright green grass and blue skies

Tierras Altas: The New Expat Haven In Panama

May 10, 2022
Panama Is A Land Of Opportunity For Investors, Entrepreneurs, And Job Seekers

Panama Is A Land Of Opportunity For Investors, Entrepreneurs, And Job Seekers

April 29, 2022
A beach with a palm tree in Puerto Armuelles, Panama

Why Living In Puerto Armuelles As Retiree Is A Dream Come True

April 28, 2022
A view of Cinta Costera in Panama City, Panama

One Of The Greatest Melting Pots

April 25, 2022
A relaxing Panama shoreline

Is Retiring In Panama Still A Good Choice? If So, Where?

April 24, 2022
Panama City, Panama to theleft and Tavira, Portugal to the right

Panama Vs. Portugal: Comparing The Five Flags

April 18, 2022
Next Post
a few tall buildings next to the water's edge with small ferry boats

Da Nang, Vietnam: An Entrepreneurial City Poised For Success

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

Start Your New Life Today, Overseas

Get Your Free Panama Report Today!

​​Simply enter your email address below and we'll send you our FREE REPORT - 101 Things You'll Wish Someone Had Told You About Panama.
 

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2022

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

The World’s Best Places To Be In 2022?

Discover Them Here…

WANT TO RETIRE OVERSEAS?

Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll immediately send you a free report on the 10 BEST PLACES TO RETIRE in style overseas. Each day you’ll learn about the best opportunities for international living, retiring overseas, offshore diversification and asset protection, and investing in real estate around the world.

Get Your Free Panama Report Today!
 

​​Learn more about ​​​PANAMA and other countries in our free, daily Overseas Opportunity Letter​​, as well as our ​In Focus: ​Panama ​newsletter​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​101 Things You'll Wish Someone Had Told You About Panama.