click the map for a larger image
After the U.S. military departed
Panama at the end of 1999, they left behind a vast amount of
land, buildings and residential structures. Many sharp
developers have snapped up these properties and have begun
transforming them into residential and commercial developments.
The residential area of Albrook
(formally Albrook Airforce Base) is home to some of Panama´s
most beautiful suburban homes. It features various parks and
green areas, beautiful tropical gardens, and several schools
(including St. Mary´s, an English speaking school).
Also within Albrook one can find such amenities as restaurants
including several which deliver, a bakery, banks, Blockbusters,
Arrocha (local pharmacy chain) medical and vet clinics, as well
as an El Rey Supermarket. Albrook is also
home to a small international airport and full sized-shopping
mall.
Clayton has the Ciudad del Saber
(city of knowledge) which is a former military base converted to
a tax free zone for any education oriented businesses. ILISA, a famous Spanish Language school in Costa Rica, recently
made the move to this zone (
www.ilisa.com ).
Why We Like The Former Canal Zone For Investment:
1. Location -- It's close to
everything. Panama City is just 5
minutes away, the bridge heading to the beaches is 5 minutes,
the Casco Viejo is 5 minutes. Yet this area feels very
lush and residential despite being so close to the city.
2. Suburban Living -- The
Former Canal Zone is the first true U.S. style suburb in
Panama as it was built by North Americans FOR North
Americans. Although it is very near the city it is an
oasis of green yards, winding roads and parks. There
is more spacing between homes and houses in this area are
generally built to U.S. standards.
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