A secure, high-end building in the heart of Panama City, Panama. Situated in one of the most prestigious locations, on Avenida Balboa, the city's iconic waterside thoroughfare. The building is just steps from the Club de Yates y Pesca, and overlooks Panama Bay. The building is 180 meters (almost 600 feet) and 50 floors tall, designed by one of the city's leading contemporary architects. Direct ocean views, and just a few blocks from the best restaurants, shops and entertainment in Panama.
All the facilities you'd expect from a premier apartment building:
- Dramatic entrance and lobby with concierge and 24 hour security
- 8th floor social area with large (7,000 sf) fully-equipped gym, squash/racketball court, hot tub, sauna, 25m lap pool
- 9th floor social area with large sala de fiesta, games room, private movie theater
- 50th floor social area with sala de fiesta, covered BBQ and lounge area, rooftop pool, incredible views of the entire city
- Visitors parking in front, with 7 floors of residents' parking
- Private elevator to each apartment with key-card access, 3 apartments per floor
- Secure building, CCTV on every floor, controlled access to lobby, elevators and parking
- Mailboxes Etc on ground floor for mailboxes, courier service, and more
- Retail banking next door with large new branch of Caja de Ahorros.
The building is just 3 years old, with a further 17 years property tax exoneration. Monthly maintenance fees (managed by residents) of $1.90 / m2, inclusive of gas and water. Rental demand is strong, with many international companies now choosing Panama City as the site for their Latin American regional HQ. Fully-furnished rental apartments available for around $2,800 per month. For stylish waterfront living in a dynamic capital city, Panama and Sky Residences is hard to beat!
Recent apartment sales on Avenida Balboa average around $2,200/m2, while Yacht Club Tower (Sky's neighbor) is over $2,500/m2. This part of the city has billions of dollars of infrastructure investments including the metro system (Bella Vista stop behind Sky), Panama Bay cleanup, Parque Urraca upgrade, Ocean Reef Islands, and extensive development of the Cinta Costera. Both the economy and tourism are showing close to 10% annual growth, with significant immigration from Venezuela and North America, and the huge $5 billion project to double the size of the Panama Canal due to be finished in 2014.