New Exclusive Project in Casco Antiguo/Panama City

:🏙️ Plaza Novena – Casco Antiguo (Panama)

Project Overview

Location:
In the heart of Casco Antiguo, facing the sea and next to the mangroves, at the intersection of 9th Street and Av. Demetrio B.

Style:
Boutique low-rise building (4 floors plus a central tower), blending classic architecture with modern touches.

Main Features

• Exclusive Units:
  Only 12 residential beachfront apartments, plus 2 commercial units on the ground floor.
• Sizes:
  From 47 m² to 183 m².
• Prices:
  Starting around $300,000 (1-bedroom), up to $1.1M for the penthouse.
• Estimated Delivery:
  Year 2027.

Unit Types

• 1 Bedroom / 1 Bathroom:
  Between 47 m² and 66 m², with sea-facing balconies.
• 2 Bedrooms / 2 Bathrooms:
  Approximately 78 m², also with sea views.
• East Penthouse (183 m²):
  Two levels, terrace with deck and pool, multiple en-suite bedrooms, elevator access.
• West Penthouse (164–165 m²):
  Two levels, terrace, pool, spacious interiors, en-suite bedrooms.

Finishes and Features

• Imported wood floors and handcrafted ceramic tiles; high-end materials throughout.
• Italian kitchens with quartz countertops and BOSCH appliances; bathrooms with porcelain tiles and KOHLER fixtures.
• Tempered laminated glass windows; ventilation system for exhaust and dryer.
• Large balconies and French doors to maximize light and sea views.

Neighborhood

• Located in a UNESCO World Heritage Site, with high rental demand, strong expected capital appreciation, and cultural charm.
• Surrounded by cafes, restaurants, galleries, historic plazas, and a vibrant nightlife scene.
• No internal amenities like a gym or pool — designed for enjoying the neighborhood lifestyle.

Services & Accessibility

• Walking distance (50 to 300 m) from supermarket, bank, pharmacy, park, and theater.
• Excellent connectivity: just 30 min drive  from the international Tocumen airport , 15 min drive from  Marcos A. Gelabert International Airport and 15 min walking distance from Cinta Costera (coastal beltway).

Commercial Spaces

• Ground-floor commercial units:
  • One is 119 m²
  • The other is 120 m²
    Both include patio and street access — ideal for a boutique or café.

Investment Info

• Sales Price per m²: $6,200–$7,000 (depending on unit size and view).
• Estimated Rental Rate: $22–$25 per m².
• High projected capital appreciation due to limited new construction in Casco and heritage protections.