Where is Costa Del Este?
Costa del Este is a newer neighborhood area located just east of Panama City’s heart.
What are the Homes Like in Costa Del Este?
Some call it a high rise suburb of Panama City due to the numerous high rise condo buildings being constructed. But, here are also high end homes in gated communities with shopping centers and parks in the works.
What is the Neighborhood Vibe in Costa Del Este?
This is a new part of Panama City for mostly families looking to live in a suburban community. You’ll meet a lot of International families living here that work with large international corporations like Proctor and Gamble, Caterpillar, Heinekin, and more. You’ll definitely want to own a car while staying here for your commute to the city center.
What Amenities are close by to Costa Del Este?
To start, Costa Del Este is a great location for a frequent traveler needing to get to and from Tocumen International Airport, just 10 minutes away when you take the Southern Corridor. There are also commercial shopping plazas, schools, parks, gyms,and direct access to major highways and an industrial park.
What is the History of the Costa Del Este Neighborhood?
Don’t be frightened by the history of Costa del Este, this area is now home to many well off Panamanians and International Businessmen.
The idea for the project began in the year 1993, when a group of investors bought land in Costa del Este 300 hectares in size. The land had been unavailable since part of it was being used as a garbage dump for the city for many years.
The process of cleaning the affected area began with the scientific relocation of the garbage to a stuffed hermetic toilet, which allowed for a park to be built on top of it. The next step was to canalize the Matias Hernandez River to increase its volume and prevent floods. Three years later, the Felipe E. Motta Park was completed.
The first stage of the project was the development of the Costa del Este Commercial Park, an area of over 22 hectares protected by a wall of 16 feet of height, as well as a control access. There are currently more than 20 companies with big warehouses and offices available in this area.
Residential Costa Bella was the first residential project in Costa del Este. The construction began in 1996 and it was considered the first project in Panama to offer an attractive American style project, providing more than 110 houses with competitive prices, and has a beautiful central park and controlled access. The project was sold in its entirety. At the moment, there are several independent promoters that have bought parcels of land for the construction of homes and buildings.
Costa Del Este is an option for those looking for a clean safe environment close to the city yet far enough out for a suburban lifestyle.