In the heart of 50th Street in Panama City, adjacent to the financial district, Soho Panama emerges: a multi-use complex with several components, including two office towers, a shopping center, casino and the first Ritz Carlton hotel in the isthmus.
Soho Panama is Wisa Group’s real estate development calling card. With an investment of $360 million, construction began in 2010 and the final phase is expected to be complete by mid-2014. This construction project will generate 3,000 direct jobs and 2,500 more when it opens.
According to Roberto Fasquelle, Executive Vice-President of Soho Developers Inc., a project like this is easily adapted to Costa Rica, Peru and Brazil. Fasquelle is especially proud of the fact that it is the first of its kind in Central America and the Caribbean.
The idea of the developers is not to create structures similar to those already existing in the country, but do it following a differentiated, specialized vision. Therefore, they have brought on professionals of the highest reputation and spared no cost; every detail is exquisite.
Convinced that Soho Panama is the largest private complex in the region, its operators announce that it will host the first Ritz Carlton in Central America and the second in Latin America, towering at 145 meters, with 24 floors, 226 rooms and 80 properties at the top of the hotel.
In addition to the hotel, Egnasa, the second largest casino operator in the world, will open a casino with an area of 5000 meters on two levels. Other components of the complex are HSBC tower and Soho Mall.
Source: Summa Magazine; article: “Gigantes de concreto y lujo se levantan en Panamá”, written on Thursday November 15, 2012 by Johana M. Camargo. Photo: Summa Magazine.