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.
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.
Costa del Este (Panama City) Wikipedia
Costa del Este is located in the province of Panama and also in the district of Panama. Costa del Este borders with Panama Viejo to the West, Pacific Ocean to the South, the mangroves and the Tocumen airport to the East, and to the North the South Corridor and Chanis. Costa del Este is located in the Eastern part of the city, and is 12 km away from the Tocumen International Airport. Costa del Este is in the township of Juan Diaz. 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.
Costa del Este is divided into 10 different zones:Costa del Este
The Commercial Park
The Office Park
Heavily populated Residential Areas
The Felipe E. Motta Park
The City Center
The Central Plaza
Low density Residential Zone
Public Service Areas.
Low density residencial Zone is divided in 3 sections:
In Costa del Este there are three residential zones: West, Middle and East.
In the West section there are six residential complexes: Costa Azul, Costa Bay, Costa de las Perlas, Costa Dorada, Costa Serena and Costa Bella. In the Middle section, there are two other complexes that are called Antigua and Palmeras del Este, in the middle of San Agustin Avenue and Marina del Norte Avenue.In the East section there are nine other complexes: Magnolias, Balmoral, Toscana del Este, Veranda, Puertas del Mar, Villas del Mar, Royal Pacific, Begonias and Camelias.One exit of Costa del Este is connected to the city by a marine bridge of 2 km of length part of the South Corridor.
Its principal avenue was named Centenario in honor to celebrate the 100 years of the República de Panamá.