Esslingerˆ™Wootenˆ™Maxwell (EWM), Realtors, a wholly-owned subsidiary of HomeServices of America, Inc., a Berkshire-Hathaway Affiliate, today announced the launch of The Grand Tower, a luxury oceanfront condominium project in the prestigious neighborhood of Punta Pacifica, located in Panama City, Panama.
Panama is in the midst of a major construction boom, attracting North Americans and Europeans with prices that in many cases are at least one-half what they would pay for comparable products and services in their home country.
The 448-unit, 54-story The Grand, offers luxury condominium residences priced from US $218,000 to US $750,000. Units range from 980 square feet to more than 3,000 square feet. The property features one-, two-, and three-bedroom units, and a select number of sky lofts.
As to oceanfront value, Panama is unmatched. "The apples-to-apples price comparisons are quite compelling," says Ron Shuffield, President of EWM Realtors in Miami. "Oceanfront residences are priced at less than one-half of comparable luxury condominiums in areas such as Brickell Avenue in Miami, and as little as 20% of the prices of coastal residences along the US shorelines. Americans from coast-to-coast are already purchasing."
Located in Punta Pacifica, a 4,000 acre master planned community in the heart of Panama City, The Grand is twenty minutes from one of the most modern international airports in the Americas.
The Grand Tower at Pacific Village itself is an intimate seaside enclave in the heart of Punta Pacifica.
"The Grand is an idyllic location," adds Miro Yohoros, a development partner, and one of Panama's most respected citizens. "We are adjacent to some of the country's most recognized condominium residences, and next door to the luxurious Trump Ocean Club Tower. There is no doubt that The Grand is destined to be one of Panama City's most desirable luxury addresses."
Surrounded by grand views of the Pacific Ocean, The Grand Tower at Pacific Village is minutes from Panama's world-renowned, shopping, as well as minutes from Marinas that provide access to the country's internationally acclaimed fishing. As part of its amenities package, The Grand is providing a dock area where residents can board their vessel.
One of the many benefits of Panama is its wide scenery. Less than an hour's plane ride from your luxury residence at The Grand are some of the world's most pristine Caribbean beaches. A thirty minute drive has you in a rain forest, and amazingly enough, a twenty minute drive and you're in the Panama Canal.
Every inch of The Grand Tower is impeccably designed to cater to the most discriminating tastes and discerning buyer. An individual who is appreciative of those extra touches of luxury such as stunning views and grand balconies and sleek green-glass windows, elegant entrances and 24-hour valet service, and the exquisitely appointed Grand lobby will surely provide the comforts of living in utter style.
Outdoors, lush tropical landscaping adorns the rich oceanfront terrace leading to a lavish infinity pool with cabanas and poolside bar. All interior spaces including the grand lobby and fitness facility have been left in the hands of the innovative design team.
The project is being developed by Panama Developers, S.A. and Pacific Realty, which includes some of the most reputable and recognized names in Central America. These are individuals who have been a part of the infrastructure of Panama City for generations, and have developed ten of millions of dollars of residential and commercial properties.
Every single project led by the team has rapidly sold out and has earned them a stellar reputation for style and luxury. Through their experience and rigorous standards they have raised the bar of condominium oceanfront living.
With near perfect weather year round, Panama is the ideal destination for those looking to escape during those long winter months. English is spoken as a second language and the people of Panama are some of the friendliest in the world. Panama City has often drawn comparison to the cosmopolitan style of Miami-chic with its sprawling urban development and first world infrastructure. Panama is an up and coming destination that is affordable as well as stunning. Today, Panama is considered to be one of the world's top economic, shopping, travel and lifestyle destinations.
And, since Panama is located south of the hurricane track, the country is not affected by tropical storms of major magnitude -- only warm breezes and year-round temperatures in the 80°'s.
For more information, on The Grand Tower, in the U.S. call EWM Realtors at (888) 777-9065 or visit www.grandtowerpanama.com.
