Tallest builiding in CA to be built
A news story in El Diario de Hoy reports that the Grupo Roble real estate firm will build the tallest building in Central America (outside of Panama) in San Salvador. The 28 floor tower will contain 88 luxury apartments starting from $348,000 and will be located next to the Multiplaza shopping center.
You could dismiss this story because this housing is well out of the financial reach of the vast majority of Salvadorans. But a sizable construction project always brings with it paying jobs and an investment in the local economy.
You could dismiss this story because this housing is well out of the financial reach of the vast majority of Salvadorans. But a sizable construction project always brings with it paying jobs and an investment in the local economy.
Comments
But... I can't avoid mentioning the fact that those apartments will be located nearby a zona marginal. Making the contrast of the rich and the poor more obvious.
The zona marginal I'm referring too is the one located between the two lanes of the Carretera Panamericana, which is kept out of sight by some tall bamboo trees and is located on both sides of the gully.
Fortunately Grupo Roble is a corporation that is actually helping El Salvador with their responsabilidad social programmes, like their contributions to Salvanatura or their sponsorship of ESEN scolarships.
Nothing wrong with that. Contrast generates envy and hope. Envy and hope generates ambition. Ambition generates progress.
Would we rather have a zona marginal in front of a zona marginal?
What ambition for a young kid in a hopeless world?
Also even if oil continues to skyrocket, people in developing countries that already have mass transit systems in place that move people fairly cheaply should be affected a lot less than say in the States where if you can't afford gas, you're only other option is walking. My observation already has been that the traffic in San Salvador has lessened and there are fewer cars on the road. If you can't buy gas you just park it and ride the bus. You lose time and it's a little more risky, but in the long run it's actually cheaper than driving your own car.
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Maybe truth and justice will come, and real important issues will be discussed, and openly debated in Cuscatlan.
NEVERFORGET
And up yours yo camino, I am sure you call the zona marginal the area of the indios. Grupo Roble is made up of the original 13-20 Oligarch families that exploit the poor and rape the ambienete natural with there new malls right SPLAT in the middle of the forest.
OILGAS__Where El Sal get?@!
From 12 cent Venezuelan gas.
Chavez..sells to ORtega -cheap solidarity. Then, it goes from there across the gulf to La Union, where American Companies then mark it up as if it is coming from the states to 5-6 dollars a gallon.
Cashing in on Socialism, to enhance exploitive capitalism.
You all think El Salvador really gets it's petroleum from TExas?
Salvadorans wanting to retire back to their home country were also buying these properties - as a short term rental property, a medium term investment, and a long term place to live.
Nowadays with the terrible economy in the U.S. and the pressure on illegal immigrants, a less money is coming here. Combine that with an oversupply of rental units and I think that the condo market here is going to go through an adjustment. I don't think it is bubble that is going to burst but there are going to be fewer home buyers, fewer rental property investors, and fewer speculators. So I won't be surprised if some of these buildings are put on hold or are very late due to financing problems and weak sales. I also think properties are going to start dropping in value ... like the SUV's in the sales lots. Forces of supply and demand.