The 1st international modern indoor Mall opened its doors to Chitre residents on February, 2011.
The large retailer, Madison was among the first to acquire a prime spot on the 1st floor, and offers everything from clothing and shoes, kitchen supplies, home decor and furniture. Since then, Chains such as Grupo Rey Supermarket, Lumicentro, Pharmacia Arrocha, McDonald’s, Kentucky Fried Chicken, and the Banesco Bank have populated the brightly colored structure. The project anticipates approximately 25,000 people per day in traffic which will consist of locals and through traffic to and from Pedasi.
With Panama City being quite saturated already, Chitre seems to be the logical choice for expansion with the increasing development of Apartments and Houses in Chitre, investment, and affluence in the region of Herrera and Los Santos, Increased commercial investment and development such as this is anticipated in Chitre and the Los Santos area for years to come.
There are a number of Chitre commercial real estate and residential opportunities in construction right now and we expect the prices to increase as many people are moving to the countryside to escape the hustle and bustle of the Panama City way of life.
Author: Knightsbridge Panama, Chitre