Costa del Este (Panama City)
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Costa del Este is an upscale area of real estate development in Panama City, Panama, located in the township of Juan Díaz near the border of Parque Lefevre. It was designed with first-world standards with completely underground wiring, residential areas of restricted access, a separate plant for processing waste water, etc..
The Costa del Este project was presented to the public inn 1995, and since then it has become one of the largest real estate developments in Panama City. The 310-hectare area has become an important and unique place in the city, where several skyscrapers are being constructed.
It is crossed by the Corredor Sur (Southern Corridor), a highway that connects it to the city centre and the Tocumen International Airport. It has sidewalks, parks, recreational areas, a huge central square, resting places, and a boardwalk of almost 4 kilometres long, like the Avenida Balboa.
One of its sections, where the Industrial Park is now located, was known as the "Vertedero de Panamá Viejo" because it is a piece of land created by an artificial deposit of material that was extracted to build the Panama Canal for years. This large tract of land was neglected, but recently it has become the Industrial Area (used for distribution centers and merchandise). The remaining sections were mangroves and jungle, where the most modern buildings in this city were constructed. To enable the land of mangroves, millions of tons of earth and rock were poured, mostly from a hill near the Villa Guadalupe area, which was removed completely.
In terms of value of residential projects, the Costa del Este is the second-most valued area in Panama City, behind the Avenida Balboa.
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