Panama Pacifico
Panama Pacifico
| |
|---|---|
Location in Panama | |
| Coordinates: 08°54′54″N 079°35′58″W / 8.91500°N 79.59944°W | |
| Country | Panama |
| Province | West Panamá Province |
| District | Arraiján District |
| Construction started | November 13, 2008 |
| Area | |
• Total | 141 km2 (54 sq mi) |
Panama Pacifico is a mixed-use real estate development in Veracruz, Arraiján District, Panama, located on the site of the former Howard Air Force Base (now Panamá Pacífico International Airport). Panama Pacifico is located 30 minutes from downtown Panama City, 45 minutes from Tocumen International Airport, and adjacent to the Pan-American Highway that connects the Americas.
London & Regional Properties and Colombian banker Jaime Gilinski formed a consortium to develop the Panama Pacifico business and residential community. The contract is a 40-year license for the area with an obligation to invest US$405 million over the first eight years from 2007. The development covers 3,450 acres (1,400 hectares) of land.