Today at Coronado Escapes, we will discuss the commercial growth in Coronado. Every day, more aspects make us fall in love with our locality. Keep reading and discover one of the reasons that make this place ideal for your retirement or quality family time.
History of Coronado’s Growth
The Pacific coast of Panama has a standout: Playa Coronado. This area represents the most important beach area, popular and populated in the country. Its growth in tourism, culture, and commerce has made this place a favorite among new Panamanian families and both national and foreign retirees.
Birth of Coronado
Playa Coronado was established on the Pacific coast of Panama in 1941 when Roberto Eisenmann founded the town. Immediately, the place became a significant job creator and was responsible for part of the country’s progress.
Thus, the Eisenmanns became the most important family for the emergence of the Pacific coastal beach region in Panama. In 1972, they were the founders of “Desarrollo Golf Coronado, S.A”; a cornerstone company in the planning and structuring of the city.
Coronado, a Place to Live
Also, in 1972 the rise of the town’s condominiums began. Later, the country’s best golf course, the “Coronado Golf Club,” was built there.
The Golf Club was designed by George and Tom Fazio, who are considered the best golf course designers in the world, giving the place considerable value. The features of the course are:
- 18 holes
- Par 72
- 7,116 yards
- 138 slope
In the nineties, condominium projects continued and hotel tourism growth began. By 1994, the affiliation of the Coronado Golf & Beach Resort with a vacation exchange system representing one of the world’s largest chains was finalized.
Important Constructions for Panama
In that same year (1994), the “Club Ecuestre de Coronado” was built. This space became famous thanks to its design and high-quality structures created for various sports.
Thus, step by step, the Pacific Coast of Panama became the ideal place to spend the golden years. It also became the most important place in this coastal area and the first tourist city in the country.
Today, Playa Coronado is more than just a travel destination; it’s a place to settle down. This is evidenced by the young families who have decided to buy homes in Coronado, as well as the many retirees who have chosen this location to spend their golden years by the Pacific.
Commercial Growth in Coronado
Undoubtedly, Playa Coronado is a coastal city that, besides being a tourist center, is the perfect place to live. This brings inevitable commercial growth.
This has been a significant aspect of Coronado’s popularity as an investment destination and a place to settle. Commercial growth has allowed greater proximity to establishments and important places for day-to-day life, such as:
- Supermarkets
- Banks
- Schools
- Medical centers
- Beaches
- Recreation and entertainment venues
- Shopping centers
The sectors with the most growth that have allowed for sustainable commercial development over time have made Coronado the most populous beach area in Panama. This has created significant job opportunities for nearby localities such as San Carlos, Chame, and Antón.
Shopping Mall Boom
Shopping malls in Coronado have considerably multiplied in recent years. In fact, it is the Panamanian locality with the most shopping centers per kilometer in the country. This has generated a significant offer of jobs for the coast.
One of the goals of these projects is to cover the commercial needs of Penonomé, Valle de Antón, Santa Clara, and other nearby places. The stores meet a considerable demand that competes with establishments in the capital.
Despite the number of shopping centers, the partners’ promise is the guarantee of business operations. This is because they are committed to maintaining a balance and control of the premises that are sold and/or rented.
In this way, direct competition is avoided, and diversity of options is promoted. How is this possible? The strategy is simple: each mall is created for a specific target, similar stores are not allowed in the same shopping center, and the offers of those nearby are known to avoid repeating the same option.
These tactics have enriched the commercial growth of malls in Coronado. In turn, they benefit both investors and users.
High Supply and Demand in Hospitality and Tourism
The hotel and tourism industry is the most present in the region. Playa Coronado has become the most important coastal city in the country, making it an attraction for foreign visitors and citizens from other parts of Panama.
This has increased the number of hotels and lodgings in the city. The variety of options is incredible, and there are alternatives for all tastes, budgets, and guest requirements.
From short-term accommodations in Coronado to luxury hotels by the beach, this sector has enriched over the years, and there are already various successful cases of hotel investments that also provide thousands of jobs for the locality.
Creation of International Schools
When families decide to move to Coronado, the main concern for parents is the education of their children. However, the city boasts excellent options for international schools, such as the Coronado International School.
In addition to schools, there are also academies for extracurricular activities for children in Coronado. This means that the young ones can develop comprehensively in the area.
Commercially, this represents a significant contribution to the growth and progress of the locality and a solution that improves the lifestyle of both parents and children.
Hospitals within the Community’s Reach
Just like education, health is a crucial aspect when choosing a place to live. In Coronado, there are top clinical options available for its citizens.
A clear example of this is the Clínica Hospital San Fernando. This health center prioritizes providing comprehensive and personalized care; as well as maintaining modernization, innovation, and technological updates. This ensures the best medical service for patients and the best working environment for doctors.
Development of Condominiums
The increasing desire to live in Coronado for retirement, business, or job opportunities has driven the growth of condominiums in the area. These buildings have been designed for those wishing to permanently move to the city, own a vacation home, or plan property purchases for investment.
Whether you want to acquire a property by the beach or near the golf course, you will always find the ideal option for you. Residential complexes, like Coronado Escapes, feature excellent social areas, a perfect location, and easy access and transit from and to Panama City.
These complexes are comparable to those in California and are positioned as an excellent choice for those wishing to live a luxurious life by the beach. This is due to their considerable resemblance to the American locality and more affordable prices.
The increase in housing demand has also contributed to the commercial growth of Coronado. As investments increase, which are monetarily revalued, direct and indirect jobs are created that contribute to the progress of the locality.
The coastal city becomes more valuable and significant in every way, each day. Commercial growth in Coronado is inevitable and at Coronado Escapes, we are witnesses to it. Contact us, and we will help you choose the best investment, retirement, and/or primary residence option in the area.
