| Famous real estate developer, Donald J. Trump of | | | | of Punta Paitilla, on land that was reclaimed from the |
| the Trump Organization and Mr. Roger Khafif, | | | | sea. It neighbors high-end malls, high-rent offices and |
| President of the K Group (A Panama Resort | | | | other luxurious high-rise condominiums. It is linked |
| Developer), unveiled a $220 million, mixed-use | | | | directly to the rest of the city by the new highway |
| development to be named Trump Ocean, | | | | called 'Corredor Sur' that guarantees accessibility to |
| International Hotel and Tower in Panama City, | | | | any area, including the airport, in less than 15 minutes. |
| Panama. The project has been expanded from | | | | The project is to be built on an artificial peninsula on |
| 1.8-million-sq.-ft project to a 2.4-million-sq.-ft, 65 story | | | | the Panama Bay and will cover an area of 140,000 sq. |
| waterfront condominium tower development that will | | | | ft. The property will be 855 ft. tall and the total |
| include 300 hotel condominium units, 500 condominium | | | | construction area will be more than 2.4 million square |
| units, 1500-1700 parking spaces, retail shops, an | | | | feet. The $220-million development will offer many |
| International Casino, a private beach club on | | | | high-end amenities including a 45,000 square-foot |
| Contadora Island, a 24-hour Yacht Club and Pier, | | | | casino, spa, pool deck, a private beach club on |
| world-class wellness spa, state-of-the-art gym, pool | | | | Contadora island in the bay, a 24-hour yacht club |
| deck, full-service meeting and event spaces, and a | | | | consisting of 500 one, two and three bedroom |
| business center. It is expected to be completed in | | | | condominiums, as well as 300 hotel rooms, which will |
| 2009. This is the Trump Organization's first real | | | | also be sold as furnished condominium properties. The |
| estate investment in Central America. | | | | construction on the ultra-luxury property should begin |
| The Trump Ocean Club, Panama, is being built on a | | | | by the end of the year and the development is |
| beachfront lot with views of the Pacific Ocean and | | | | expected to be completed by 2009. And, as for the |
| the Panama Bay, in the district of Punta Pacifica. | | | | pricing, the one to three bedroom condominium units |
| Punta Pacifica is a newly developing area on a | | | | will be priced at $250,000 to $450,000 and the hotel |
| peninsula that extends into the Pacific Ocean, | | | | condominium properties will be priced for around |
| bordering the financial center and the residential area | | | | $250,000. |