The project is to be built on an artificial peninsula on the Panama Bay and will cover an area of 140,000 sq. ft. The property will be 855 ft. tall and the total construction area will be more than 2.4 million square feet. The $220-million development will offer many high-end amenities including a 45,000 square-foot casino, spa, pool deck, a private beach club on Contadora island in the bay, a 24-hour yacht club consisting of 500 one, two and three bedroom condominiums, as well as 300 hotel rooms, which will also be sold as furnished condominium properties.
The construction on the ultra-luxury property should begin by the end of the year and the development is expected to be completed by 2009. And, as for the pricing, the one to three bedroom condominium units will be priced at $250,000 to $450,000 and the hotel condominium properties will be priced for around $250,000.
Fuente: NYTimes.
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