Now this is what inner city oceanfront estates used to look like and one can still find a few if you look. It is sad, but the reality is that as a City grows, proper rezoning needs to prevent urban sprawl and up-zoning this neighborhood is inevitable. So now we go to living as we say “as a balcony baby” .
The well positioned area of Coco del Mar, in Panama City, will be designated as high density, allowing the construction of residential and office buildings.
The Ministry of Housing and Land Management has made ??changes to the zoning of the area adjoining via Cincuentenario, between Calle 50 and Calle Republica de la India, changing its classification to RM3-C2, which allows the construction of high-rise residential and office buildings.
“Yasmina Pimentel Miviot, head of the MIVIOT, justified the decision by pointing out in Resolution 471-2013 that the change is being made in order to “harness the potential and the trend present in the sector”as well as seeking “to curb population growth in the periphery of the metropolitan area. ”
“The aim is to create a balance between housing and employment sources in order to provide greater opportunities to live within the sector,” indicates as the reasons for the decision.
Source: Prensa.com
The Ministry of Housing and Land Management has made ??changes to the zoning of the area adjoining via Cincuentenario, between Calle 50 and Calle Republica de la India, changing its classification to RM3-C2, which allows the construction of high-rise residential and office buildings.
“Yasmina Pimentel Miviot, head of the MIVIOT, justified the decision by pointing out in Resolution 471-2013 that the change is being made in order to “harness the potential and the trend present in the sector”as well as seeking “to curb population growth in the periphery of the metropolitan area. ”
“The aim is to create a balance between housing and employment sources in order to provide greater opportunities to live within the sector,” indicates as the reasons for the decision.
Source: Prensa.com