Caricias del Sol Casco Antiguo Panama Building Investment

Caricias del Sol Casco Antiguo Location

The Caricias del Sol Casco Antiguo (Old Quarter), or Casco Viejo in San Felipe, Panama City, is the right decision to make investments and receive incentives and tax exceptions. The new Panama City was constructed in 1673 after the pirate Henry Morgan destroyed the first, located 13 kilometers from the first Panama City.

After the Casco Antiguo was designated a World Heritage Site in 1997, the Panamanian government created a law to encourage the development of the Old Quartier. The Casco Antiguo law incentivizes the construction, reconstruction, purchase, and restoration of the Old Quartier estate and commercial activities.

Caricia Del Sol Summary

The Caricia del Sol building sits it’s on 12th Street, near the Ave. A route into Santa Ana & Casco Antiguo. Caricia del Sol is just two blocks away from the iconic Plaza Santa Ana, the heart of this District, and the pedestrian pathway Avenida Central. Two Blocks away from one of the most beautiful Plazas of Casco Antiguo: The Plaza Herrera. There are currently diverse projects in different stages of development within a 15-minute’ walk radius of Caricia del Sol.

This area has become a destination for commercial food & beverage operations, bars, and nightclubs opening in direct proximity. Currently, Caricia del Sol hosts one of the most iconic and alternative nightclubs of Casco Antiguo, with an underground bar style and speakeasy king of experience through a back narrow alley that serves as secondary access to the building.

Caricia del Sol Asset Specs 

LOT AREA:

104.05 m2

CERTIFICATION:

National Heritage Historic Property. Third category.

ZONING:

High-density commercial and high-density Residential

LOCATION:

Calle 12 between Calle 11 Este and Ave. A

Caricia del Sol The Project 

The project consists of the comprehensive restoration of this historic building of nearly 290 existing m2, which currently has a ground floor, mezzanine, and (1) upper.

However, the product of the restoration commercial development restoration of 358m2 construction boasts two spaces for commercial uses. They are on the ground floor with mezzanines and share an internal patio, (2) office spaces on the second floor with mezzanines, balconies, and a rooftop terrace.

Caricia del Sol Area Chart

CONSTRUCTION:

357.78 m2

SELLABLE:

319,36 m2