I recently learned more about the new Federal Mall. What I now understand is that it is scheduled to be built in four phases, each adding 100 stores. That may paint a different picture than many have in mind now.
This is essentially what occurred with Plaza Terronal. It took two phases to get to its current point. If you remember that development, it took years before all of the locations had stores in them. Plaza Terronal was scheduled to be a three phase development.
Therefore, no one should assume that there will be a 400 store mall in David in a couple years.
Yesterday, I took part of my morning driving around David and taking some snapshots of a small fraction of the building that is underway or recently completed. My mind is boggled by enormity of change in the time I have lived in Chiriquí.
When you add the new Federal Mall on top of the current construction, you have to wonder who and what is going to fill all these spaces.
Now let me pose a different thought. All of this construction has provided a tremendous opportunity for construction laborers. This includes those working on the InterAmerican Highway.
One of these days the InterAmerican Highway will move out of the construction phase and into the maintenance phase and require less laborers.
One of these days all of these current constructions will get to a point of completion where they need to be occupied and start paying for the investment required to build them.
One has to wonder where these laborers will go following the construction currently in progress. Of course this is be several years out. Continue reading Construction in David