FOR IMMEDIATE RELEASE
December 3rd, 2007
Latin America’s First “Branded City” Planned for Panama Gold Coast
Meneren Corporation, a US-based international project development/project management company today announced that it expects to resume completion of the detailed master plan for a 3,000 Hectare waterfront community along the Gold Coast of Panama, in Cocle Province.
The preliminary master plan for this new community was crafted by internationally recognized North American master planning firms in 2006. It provided for 10,000 residential units situated on a series of golf courses, fresh and salt water marina’s, and an equestrian center.
The incorporation of a Village Center, with commercial and retail space, an Ecological Center, several resort hotels, casino’s and spa’s, combine to create what is called a “Branded City” in booming overseas markets. Branded Cities have been very successful because their Developers have the ability to plan, design and build a fully sustainable community from the ground up. Grand Panama, as it is being called, will have an ultimate population of 25,000 and provide post-construction employment for an estimated 5,000 Panamanian’s.
Grand Panama, will be designed and constructed using important “Sustainable Development” principles. Meneren Corporation was previously selected by the United Nations to complete a specialized development master plan to protect one of the most sensitive ecological treasures in the Eastern Hemisphere, and Meneren hopes to make Grand Panama one of the “greenest” large scale projects in the America’s—something that the people of Panama can be especially proud of.
Meneren Corporation and its technical team have global experience in planning commercial marina’s and commercial cruise terminals, and believe that integrating a “mega-yacht” harbor into the Grand Panama master plan will benefit locals and international visitors to Panama and the region.
The initial master plan effort for Grand Panama was suspended when the land which had been sold to Grand Panama International Ltd, Meneren’s Client, became entangled in one of the most contentious Probate Court disputes in Panama’s history. After a year and a half of intimidating charges and counter charges between the Legatees and the Executor of the estate, Meneren is now hoping that the land purchase can be allowed to go forward by the Panama’s courts in order to finalize the master plan and Government permitting process over the next months.
Point of Contact: Bill Tolbert, 1-303-221-3369Full text in http://www.meneren.com/news.htm
Grand Panama Project