The Urban, Commercial and Business Boom in Chitre


News from Panama / Monday, April 29th, 2013

I often visited Chitre on the way to the town of Pedasi and I could see why this area is now booming.  It is the central city in this region and has a lot of things going for it.

Here is where it is located.

In Panama, the district of Chitre, in the province of Herrera, is becoming a boutique metropolis for trade and tourism.

According to the architect Jose del Carmen Perez, a new zoning plan for Chitre by the Ministry of Housing is on the point of being adopted, which allow the construction of buildings over 10 storeys, something that is not allowed under the current plan.

“Among private sector investments that are under construction, the ones that stand out are the new Mega Mall Azuero, the final stage of the Plaza Azuero, a Super Xtra near the Chitre bus terminal, Lake Village shopping center, the office complex Plaza Moderna, Plaza Tower, the hotel Cubitá Windhand Grand Resort (which includes a shopping center), the hotel La Esperanza, and the Rastar and Novey Tower”, reported Capital.com.pa.

It is also estimated that there will be construction of about 15 mega housing projects in the Monagrillo sector, which has become a residential area. As explained by the engineer of the Municipality of Chitre, Olier Avila, in addition to private investment projects, there are also plans for important works in the public sector, such as sewer extensions for $42 million, which includes a water treatment plant and expanding the drinking water plant for $2.2 million.