Grupo Los Pueblos who built the Albrook Mall in Panama City, announced that the Federal Mall is a go in Boquete/David. This project will follow the same concept as the Albrook Mall. A huge mall next to a key transportation center.
There has been lots of speculation whether the project located on the expanded road between Boquete and David would actually happen. Construction of the mall had stopped casting doubt on the project. But, now the earth movers are back.
Grupo Los Pueblos estimates completion some time in mid to late 2017 and explained that the company had been awaiting the necessary permits to proceed. They stated that no anchor tenants had yet been established so look for announcements over the next year about which major retailers sign on.
The Federal Mall site is located on over 20 hectares of land (about 50 acres) a few minutes from the Pan American highway on the new four lane highway that joins David to Boquete. The transportation center will be on an additional 5 hectares (about 12 acres).
The investment for construction of the project is estimated to be $180 million with an anticipated permanent employee base of 4,000 and 120,000 square meters of commercial space with seven large department stores, approximately 400 total stores, training centers, and 3,000 parking spots.
Chiriqui Province, is seeing rapid commercial development.
There has been lots of speculation whether the project located on the expanded road between Boquete and David would actually happen. Construction of the mall had stopped casting doubt on the project. But, now the earth movers are back.
Grupo Los Pueblos estimates completion some time in mid to late 2017 and explained that the company had been awaiting the necessary permits to proceed. They stated that no anchor tenants had yet been established so look for announcements over the next year about which major retailers sign on.
The Federal Mall site is located on over 20 hectares of land (about 50 acres) a few minutes from the Pan American highway on the new four lane highway that joins David to Boquete. The transportation center will be on an additional 5 hectares (about 12 acres).
The investment for construction of the project is estimated to be $180 million with an anticipated permanent employee base of 4,000 and 120,000 square meters of commercial space with seven large department stores, approximately 400 total stores, training centers, and 3,000 parking spots.
Chiriqui Province, is seeing rapid commercial development.
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