Royal Palm, the twin-towered residential complex under construction in Nueva Gorgona, is currently on schedule and is expected to begin accepting new residents in the first quarter of 2018. Individuals will be able to take possession of their new one-, two- or three-bedroom units as soon as the building occupancy permit is obtained.
“Everything is on track for the building to be completed by the end of December,” said Liz Larroquette, the lead sales agent for Empress Bern, the real estate company developing Royal Palm. “We don’t have any concerns about the building occupancy permit and all the materials to finish the entire structure are on-site. There will be some very happy people starting the new year in what are really stunning condominiums.”
The nautical inspired building boasts two towers with 19 and 24 floors, multiple social areas and pools, a fitness center along with a multi-purpose basketball and tennis court. The oceanfront two-bedroom models feature wraparound balconies which look out over the Pacific Ocean. The other units all have ocean views and easy beach access. Designed to mimic the hull of a ship, the towers jut out toward the ocean, while tucked next to mountains, providing stunning views in every direction.
The absolute beach-front condominiums Royal Palm are nearing completion and residential occupancy is expected as soon as January 2018.
According to Larroquette, the first ten floors are currently being tiled, have electrical cabling and plumbing completed, insulation and balcony treatments are being installed. “The chief engineer on the project said even some of the windows have been sealed, which is often one of the last steps in completing a unit,” she explained.
Units located on the first ten floors are nearing completion including water tight floor-to-ceiling windows.
“The elevators are ready to go in as soon as the machine rooms are completed and the emergency generator is installed,” Larroquette said. “Another nice thing about this complex is the rooftop reserve water tank,” she said. “In Gorgona, the area is protected by mountains and located in the ‘dry arch’ so always having access to clean fresh water is a necessity.
The residents will absolutely enjoy living here and I’m so excited about it all coming together. It’s actually more beautiful than I imagined when we first introduced this project,” she continued with a slight laugh.
Royal Palm is located on the Pacific Ocean just 50 minutes from downtown Panama City and 10 minutes from the well established beach community of Coronado. Located within a few minutes’ drive are several grocery stores, a variety of restaurants and physician offices along with a well-equipped clinic.
The Third Floor Social area foundations are laid, with the finishes to be completed by the end of December 2017
“You have absolutely everything you need right here,” said Larroquette. “Furniture stores, salons, fast-food and casual sit-down restaurants, the local fish co-op is right here with daily catches that have been pulled from the water hours before. One of Panama’s largest malls is located just down the PanAmerican Highway and yet, with Royal Palm, you are right on the beach and off in another world,” she explained.
“It’s hard to imagine that you have both an almost meditative beach environment, yet are so close to everything to maintain an easy lifestyle,” she said.
“Because there are a wide variety of price points available from $220,000 to the high $400,000s, many units have been sold, but we do have a few side-by-side options still available so larger families can combine the units to increase the residential space,” said Larroquette. “Investors have also been very keen on this project as the units are an attractive option for the booming Panama rental market,” she explained.
Workers are busy keeping the project on schedule for completion at the end of December 2017.
“It’s also a perfect way to pay for your retirement home,” said Larroquette. “People in their 30s and 40s are buying units, planning to rent them and making mortgage payments years ahead of their plans to retire. Property values continue to increase and the view never goes away,” she said.
“Once you have an ocean view, you always have that view!”
In addition to the finishing touches going into the individual units, the foundations for the pools on the ground and third floors have also been completed. “We are just waiting for the final touches and then it will be a matter of adding some water and waiting for the first residents to jump in, beach ball and all,” said Larroquette. “It’s a very exciting time at Royal Palm.”
The absolute beach-front condominiums of Royal Palm stand majestic over the Pacific Ocean coastline.
To learn more about Royal Palm, Liz Larroquette can be contacted via email at liz@empresasbern.com or phone, 507-6981-1717 in Panama or 214-736-9253 in the US.
Being paralyzed my vehicles in the US have hand controls thus Kenda must drive when we are away so Coronado is a better match than Royal Palm. Been working with Sarah to come for a visit in Feb.Maybe you can help. Thanks,Steve & Kenda
Hi Steve,
Great news that you are working with Sarah to come for a visit in Panama and see how it suits you, you’ll be in good hands! Royal Palm is only a short distance from all the amenities of Coronado but once you are here you will be able to see which location suits you best. If you do want to have a look at the Royal Palm property with Sarah while you are visiting, it would be my pleasure to show you around. Cheers, Liz
Hi Liz, can you send me more info on the royal palm. We will be making our second visit to playa Blanca at Christmas are interested into this option. We only need one bedroom but would also have to have ocean front.
Sure thing Dave!
Liz, in your convenience, would you please send me the details on the Royal Palm project if it is available before we see you. Thanks.
Of course Alice!
Hi liz. Please send me details on this project
Cheers
Glenn
Sure thing Glenn!
me gustaria recibir mas informacion del proyecto Royal Palm.
Hola Carlos, muchas gracias por su mensaje. Le voy a mandar mas informacion por email. Saludos, Liz!
interested in Royal Palm. retire 2020! looking for 2/2 beach/ocean view – Price points/info needed.
Sure thing Chris, let me email you some info!
Would love to see the way they will look and the price points and what is included. Is there a monthly maintenance fee?
Hi Karen, I’ll send you an email with some more info. The monthly maintenance fee is $1.50 per m2, so for one of the 70m2 apartments its only $105pm, which includes access to all the amenities, security, maintenance and water.
Please keep posted
Hi there Roy, I see that you are on the subscriber list so you’ll be sure to get all my updates on this and other projects! Cheers, Liz
Looks great! Wish I could afford one.
Hi Gregory, Bern offers developer financing with only a 30% deposit which helps some people take possession of their beachfront apartment without needing the full purchase amount. If that is something that would interest you, let me know and it would be my pleasure to send you some further information. Liz