Property Information

ONE OF A KIND PROPERTY: Tucan Real Estate Holding, Inc. (landowner) has a property with an area of approximately 105 hectare (74 ha existing + 31 ha new expansion areas) of prime development land. It is a unique property in a one-of-a-kind location adjacent to the west bank of the Panama Canal, immediately outside the center of Panama City. 

Tucán is within easy access to downtown Panama City, and aims to become one of the most appealing places to live with the highest occupancy rates. Tucán has existing residential structures developed between 2004-current connected to a renovated golf course with world class professional amenities located adjacent to the Panama Forest Reserve. Tucán is the only development with a mixed-use, commercial-residential expansion with a scalable size, next to the famous Panama Canal.

FOR SALE: Tucán 2.0 is the name of the new development. 31 hectare (23ha + 8 ha) of new land has been acquired and the property has expanded. The long term vision behind Tucán 2.0 is to structure the entire property with a chic tropical lifestyle and destination format. Over the next decade, a tropical haven will emerge on the Tucán plateau that includes residential, retail, entertainment, commercial offices, activities center, recreational areas, public event grounds, church, and assisted living residences. 

Tucan is on its way to becoming a tropical haven.

A LUSH GREEN PLATEAU WITH CHIC TROPICAL STYLE ARCHITECTURE

The new expansion development, Tucán 2.0, is pivoting towards a modern-chic open tropical architecture style. The new investment in existing and expanded areas focus on curating a diverse collection of buildings for residential and mixed use. Over 45 new residential buildings have a functional focused design that creates a more harmonious relationship between the lush green tropical outdoors and indoors by opening up to merge the interiors with the exteriors. The new architecture embraces nature. The topography of the property is the key element for Tucán 2.0 to transform the Tucán property into a magical destination. Everywhere you look is green. The buildings float amongst the tree tops and merge softly into the hillside jungle. Coming and going you are sheltered from the scorching sun and tropical rainfall. Entrances and driveways to buildings are beautifully lit and designed. Open convertible terraces make the built structures blend organically with the terrain. Rooftops are open social dwell spaces with cover and 360 ̊ uninterrupted views, surrounded by infinity pools on the perimeter edges with vegetation and lounge seating to create tropical havens.

EXOTIC LANDSCAPE BY THE GATEWAY TO THE PANAMA CANAL

Tucán is one of those rare properties where the world renown Panama Canal and the Panama City skyline are at sight in a scenic view from this lush tropical plateau, and untouched jungle is on- site. Tucán 2.0 plans to include a variety of urban conveniences and attractions to be available by the main entrance to the property on the 1st street promenade, an outdoor shopping street called Tucán Village. A new style of chic tropical architecture will be used to build new mixed use buildings in Tucán Village, residential apartment buildings on the golf course, terrace apartment buildings up in the hillside oasis, and staggered apartment buildings by the riverside lake. A collection of entertainment and activities will be available high up in the air in the exotic jungle landscape bordering the Panama Forest Reserve. –Everywhere you look is green.

A NEW CHIC TROPICAL OUTDOOR DESTINATION IN A WORLD CLASS EXOTIC LOCATION

Tucán Village is a mixed-use development with a bespoke walkable outdoor shopping street that will be center for over 40 uniquely curated boutiques, entertainment and fresh-food experiences. This new attraction will be situated at the entrance of Panama City’s lush tropical and stylish Tucán property overlooking the nation’s most picturesque and heritage-rich Panama Canal. Tucán Village feature a re-imagined classic drive-in movie theater at the foot of the scenic plateau location poised to become a visitors favorite. The main street is made up by a row of fine small facades that wraps around an event plaza with trees and water pound framed by a signature two-story glass greenhouse oasis with a butterfly garden.

Tucán Village will be the location for over 240 residential loft-style apartments. Tucán Village is designed with a timeless chic tropical flavor and oriented around a main street avenue lined with royal palms, wide open park style walkways, street-scaping, benches, curb-side parking, curb level retail stores and residential units on the upper floors. The architecture of the buildings is in a timeless chic tropical style with living spaces that open up to transform closed apartments to bring the exotic flavor outdoors to the inside.

DISCLAIMERS & AGENCY DISCLOSURE

• Earnest Money: Total earnest money is to be negotiated at the time of offer and to be agreed upon in writing in a Purchase Contract by the Buyer and Seller.
• Brokers and agents are fully protected end encouraged to participate.
• RealtyHive & Micoley.com, LLC are licensed auction firms working for the seller of said property, performing auction and auction marketing services as a part of this transaction.