Casco Life

Panama Real Estate: Cinta Costera moving forward.

Panama, Casco Viejo
Casco Antiguo, San Felipe

Every Sunday I do my grocery shop trip to the “outsides”. “Las Afueras” in Spanish,
were all the areas outside Casco Viejo. They used to be a mix between country houses
(Bella Vista), cattle farm (Paitilla) and mangrove. Either riding on a bus or in a
car, I pass by Avenida Balboa which was built on top of all these beauties in the
name of progress. My mind wanders back to the historic picture I have in my office
and how different both landscape and culture where changed when the city grew.

Finally, and almost with 50 years delay, the country decided to build a coastal park
to recover some of the green spaces we lost as a city. And maybe even the beach culture?
well, only time will tell.

An ambitious project no one really knew if the company would be able to deliver in
three years. But to our surprise, the Cinta Costera (coast strip) at Panama´s Balboa
Avenue is moving forward and fast. Regardless of the many comments regarding the percentage
of actual green area vs cement and plazas or the origin of the funding for the huge
work, I have to say that Odebrecht has done a great job getting things done on 
record time.

Passing by Avenida Balboa yesterday, you could see the huge pipes on site, ready to

From Paitilla to Casco Viejo, this project aims to build a huge strip with extra traffic
lanes but also with parks and other recreational areas. But the true underlying value
of the cinta costera is that it will cover all the pipes to re direct the sewer system
and clean Panama´s bay. In the last few weeks, the project has been in the eye of
the hurricane because of a re design of the percentage of green areas vs cement areas
(parking and plazas). It has also been claimed that the government intends to charge
a tax to the areas that benefit directly from it. Both issues have been in the papers
non stop, as the civil society and the government look for a middle point, but the
one undiscussed benefit is the cleanning of the bay, which will benefit the entire

Once the cinta costera is completed, it is just a matter of time to be able to enjoy
the coast as our parents did in the fifties. Back then, there was a strip of beach
and residents could go for a swim or just a relax afternoon. For Casco Viejo, where
we still have beaches (Panama´s best kept secret!) and even a small surf break this
is nothing but good news.

Live, Work,

in Casco.
Arco Properties is the leading real estate agency focused exclusively on residential and commercial properties in Casco Antiguo since 2005. We are the only real estate company specializing in Casco Antiguo that donates 10% of its profits and 5% of the time of its staff in volunteering to non-profit organizations dedicated to the revitalization of the Human Heritage of the Casco Antiguo.
Arco Properties is an affiliate of Grupo Conservatorio. We are committed to inclusive and sustainable urban revitalization. We believe in the value of socially diverse communities and in building one affordable apartment for each high-end apartment.

For more information

  • Panamá: +507-228-6650
  • Calle 4a y Ave A, Edificio Cuatro Casas,
    Planta Baja, Casco Antiguo.