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Yacht Club Tower

Avenida Balboa already boasts some amazing views. One of the most prestigious avenues in Panama City, Panama, Avenida Balboa is in sight of the Bay of Panama and the Pacific Ocean, as well as some of the city’s most glamorous districts. Enhancing this already exceptional address is the Yacht Club Tower, a luxury condominium tower that when completed in 2011, will provide breathtaking views of the ocean and the city. 

David Azrak is general manager of EFC Group, an active partner on the project with Panama-based developer Zoom Development. He says the Yacht Club Tower will be one of the most unique projects in Panama City once it is completed for a number of reasons, not the least of which is its location. “It had to be located here to be really appreciated,” he says. “The views, because of the way it’s shaped, you’re not facing the street, you’re over it.” 

In addition to the development’s address, Azrak says the Yacht Club Tower is unique because of the amenities it will offer residents as well as the construction techniques used to bring it to life. He says that once it is completed, the Yacht Club Tower will represent a watershed for Panama City as well as Zoom Development and its partners. “We wanted to make a statement with it,” he says. 

Rising 57 stories above Panama City, the Yacht Club Tower will consist of 210 luxury condominium units. Each condo unit is “fully equipped,” Azrak says. Penthouse units include private terraces and their own private pools that overlook the bay. Shared amenities include an Infinity Edge heated pool, reflecting pools, a banquet hall and convention center, a gymnasium, a spa and a two-level fitness center. Residents also will have access to the building’s Nautical Club, which provides them with boating and fishing vessels. 

Azrak says the property is being built mostly with an eye on attracting Europeans and Latin Americans who have regular business in Panama or want a part-time vacation or seasonal property.

Unique Construction

The Yacht Club Tower will stand apart from the rest of the Panama City skyline, but it won’t be only because of its striking design. “The foundations are not in the bottom,” Azrak says, explaining that the building uses a transfer slope construction to support its weight. Because of its shape, the structure offers ocean views in every one of the units. 

“In the Yacht Club Tower, every unit is in the front,” he stresses.

The transfer slope is 3 meters of steel and concrete that sit above the parking level of the structure. Azrak says this is the largest project of its kind in Panamanian history, and as such came without any precedent as to how to accomplish it. “It wasn’t at all what we expected in terms of cost and the time that it would take to develop,” he says. “However, with time and dedication, we managed to get it through.” •mt

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