Auction of Lots in Amador for $8 and $12 million


News from Panama / Tuesday, April 24th, 2012

This is a great opportunity to invest in an area that is certainly going to be a hub of activity as Panama builds the new convention center here.  The  tip of the causeway on the Pacific is the entrance to the Panama Canal. It is also home to the main cruise ship port in Panama, and minutes away from Panama’s Soberania National Park, a lush rain forest preserve that is immediately adjacent to Panama City.
This area has a rich history; it originally consisted of a series of islands that were linked by a causeway created from rocks dug out during the creation of the Panama Canal. The Smithsonian Tropical Research Institute (STRI) has a marine research station in one of the islands, and there is a beautiful marina as well as shops and restaurants.  Amador offers visitors to Panama an unparalleled opportunity to experience the best of what this country has to offer.   Soon to be open will be the Frank O. Gehry & Associates  Bridge of Life Museum.  With the creation of the Bridge of Life museum, it will also offer an exciting window into Panama’s rich natural life.

In order to best display the diversity of life in Panama, the Bridge of Life museum is nestled in a park-like setting that highlights the natural diversity of Panama in an accessible and easy-to-visit space. The landscaping of the park is designed by world-renowned landscape designer Edwina von Gal & Company. Ms. von Gal and her team produce landscapes that are clearly structured, yet loose, making them an ideal complement to the design of the Bridge of Life building.  For more on the museum click here

Here is the story of the sale.

The Unidad de Bienes Revertidos (Department of Reverted Property, Panama) has announces the upcoming auction of plots in Amador, classified as High Density Urban Tourism.

The main activities that can be develop in the areas on offer are: casino, hotel, theater, museums, boutiques, theme park, resort, restaurant, cafés, bars, convention centers, recreation centers and the like.

Plot number 14 is 8.247 meters square, with an approximate value of $11,876,328, while plot number 17 is 5,276 meters square and its value is estimated at $7,598,433.

The Administration at the department of reverted property’s mission is “To promote the economic development of reverted properties so as to obtain the optimum use of resources, increasing investment and maximizing benefit for the entire Republic of Panama.”

Source: UABR