The 85-apartment complex is built on El Carmen Street, in the Escalón colony, San Salvador.
Bolivar Investments will allocate $15 million for the construction of the apartment tower Avitat Unique, the sixth complex in the Avitat series that the group launched to promote vertical housing in the Greater San Salvador.
The building will be located on Calle El Carmen, final extension Juan Pablo II, Escalón colony, whose first construction stone was placed this Thursday by Diego de Sola, CEO of Grupo de Sola, accompanied by Luis Rodríguez, executive director of the Office of Promotion of the Metropolitan Area of San Salvador (Opamss), as well as Escar Cornejo, general director of Inversiones Bolívar and José Velásquez, president of the Salvadoran Chamber of the Construction Industry (Casalco).
De Sola said the complex has an architectural design that adapts to the demands of modern life of young families, in apartments ranging from $120,000. “We try to maintain a fairly close relationship with our clientele, how the trend of what people need evolves to live,” he said.
Avitat Unique will have a building of 85 apartments, distributed on 15 levels and two for parking lots. The tower incorporates the typology “Indie Duplex,” a design that has two connected floors, in addition to ‘penthouse’, which are units located on the last level of a building and usually have privileged view.
The tower will feature only rooftop amenities, such as pool square, zen zone, jogging track, flexi terrace, and inspiration space (coworking), designed to offer a perfect balance between modern life, comfort and creativity allowing you to enjoy stunning views of the city and the majestic volcano of San Salvador. On the roof will build a swimming pool, as well as an area for meditation (zen zone), a runway and a space for outdoor work.
The group plans to deliver the tower by the end of 2025 or the beginning of 2026, in whose construction stage more than 500 direct and 1,500 indirect jobs will be generated.
For more information on AVITAT Projects, visit www.projectsdevida.com/avitat-unique. Or you can also contact 6009-0307 or 7842-4007.
Diego de Sola, CEO of Grupo de Sola, ruled out that the construction industry faces a real estate bubble, but there is an “awaken” of demand for high housing. /Francisco Valle
Demand ‘interesting’
Bolivar Investments fine-tune the details to launch four additional projects on the market because the demand is interesting. “Many people ask me if there is a bubble, everyone is watching, I think here we are genuinely seeing an awakening of interest from a wide segment of the population and particularly in the multi-level product,” said the group’s spokesman.
Bolivar is one of the heavyweights in the construction of vertical apartments in the Gran Salvador, with the series Avitat One, Avitat Joy, Avitat Fit, Avitat Link, Avitat Unique and Avitat Lift, as well as with Tr. Lum, Casas del Árbol, Casas del Arlo, Casa 5.
They also have Craft and Pasares, which are for commercial use, while Kinetika is corporate.
The director of Opams reiterated that in the first two months of management at the head of the office, permits were released for projects that exceed the$1,000 million, between housing, hotel, industrial and commercial investments.
Facade of the apartments Avitat Unique.
Opams has identified between 35 and 40 projects under construction, of which 80 per cent corresponds to high-rise housing. “We are sitting with investors to see how we are already creating in 15-minute citizen controlled spaces,” added the head of the office.
For his part, the president of Casalco was optimistic about the dynamics of the construction industry by 2024, with a private investment projection close to $700 million, of which 80 per cent corresponds to the housing sector.