Santo Domingo East experience the process of urban transformation deepest in its history. What for decades was considered a dormitory municipality, today is consolidated as the new axis of the vertical real estate growth of Greater Santo Domingo, driven by large projects, new urban regulations and a sustained revaluation of the land.
The evidence of habitability development is concentrated in four areas: Alma Rosa I, Spain Avenueand they project the Ecological avenue and the Ozama widening. In Alma Rosa I there are six towers 25 levelsothers of 20 and 12, but the highest will be the “Laura Michel 38“.
The usage regulations of land for the tallest buildings are in Alma Rosa Iwith 38 levels. In the area of the Spain Avenue There has been a provision since 2017 that allows the construction of buildings up to 50 levels.
In the Spain Avenue the tower already exists “Civil Tower Oceance” of 25 levelsa project exclusive for living in front of the sea, also for business. Another ambitious project will begin in the same area: “Coralia”, a megaproject real estate made up of 3,318 homes and a luxury urban hotel.
In that municipality, between Charles de Gaulle Avenue and the Americas, another mega-project is planned with an investment of 700 million dollars: the “City Center by Lady Lee“, a complex of nine towersfour of these with 20 levels for residences, two with 10 levels for hotels and two others with 20 levels for offices, in addition to the shopping center.
A vision municipal
With 170 square kilometers extension and more than 1.3 million inhabitants, Santo Domingo East It has one of the largest reserves of developable land in the country. That combination, territory, strategic location and connectivity, has been key to attracting large real estate developers who no longer see the municipality as an alternative, but as the new center of gravity of urban growth.
This is how he explains it Jesus Columbusgeneral secretary of the Mayor’s Office Santo Domingo Eastwho highlights that construction in the demarcation has not stopped and, on the contrary, has become more sophisticated:
“We have just approved regulations for towers up to 38 levels in Pink Soul and there is even 50 levels in the Spain Avenue. Santo Domingo East “It has the urban, technical and territorial capacity to build buildings of that magnitude.”
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The municipal vision is clear: densify in an orderly manner, make better use of the land and convert the coastal strip into a modern, competitive and visually iconic development axis, a process that began during the administration of former mayor Alfredo Martínez (El Cañero) and that has been developed with the support of current mayor Dio Astacio.
The value of land and apartments
The impact of vertical development is directly reflected in the land value. In sectors like Alma Rosa Ithe square meter of construction is around 32,000 pesoswhile in areas like the Ozama widening and the Italia urbanization the prices range between 19,000 and 25,000 pesos.
In terms of sales, the apartments in Alma Rosa I and the Ozama widening They are quoted at a price of 2,000 dollars per square meter, with units ranging from 170,000 to one million dollars, in the case of penthouses and complete apartments with sea views.
What makes the area attractive?
Riubell Montes De Ocapresident of the Builders Association of Santo Domingo Easthighlights that the characteristics that make attractive Alma Rosa I and other areas of SDE are: the width of the streets, the flatness of the land, the avenues that surround it, the proximity to the National District and the sea, and the commercial attractions such as those established on Av. Coronel Fernández Domínguez.
It stands out that another attraction is the security and the cleaning (in the case of Alma Rosa I), lighting, improved drainage and the upcoming entry into service of the expansion of the Salinity Barrier aqueduct, will increase the water supply.
As a contribution to the development of the municipality, the Builders Association of Santo Domingo East hired an urban planning company, which carried out a survey to modernize and impact the vertical growthin regards to the construction regulations: ” Today, Santo Domingo East he stopped looking at the District: now he looks at the sky and towards the sea.
Despite the development real estate who experiences Santo Domingo Eastthe president of Acosde expresses concern about the slowdown in the construction sector, attributed to high interest rates, increased taxes and the decline in real estate sales, which have fallen between 30% and 40%.
“He real margin of the builder is between 15% and 18%. With high rates and older tax burdensthe sector is seriously affected,” he warned, while calling on the State to create incentives, streamline procedures and facilitate financing to maintain construction as one of the pillars of the national economy.
The tallest tower
For investors like Felix Rodriguezpresident of the Rodríguez Aquino construction company, the vertical growth It is not a fashion, but a need: “The great cities of the world grow upwards because this is how services, energy, and communication are optimized. Santo Domingo East It’s going in that direction.”
Engineer Rodríguez assured that the project meets all technical studies necessary to guarantee the water supplysanitary drainage and land sustainabilitywhich is rocky, favoring infiltration.
Likewise, he indicated that the building height is within the parameters approved by the urban planning for First Rose Soul.
The businessman positively valued the support and monitoring of the Mayor’s Office of Santo Domingo Eastheaded by Dio Astaciohighlighting his vision and collaboration in orderly development of the city.
His projectthe tower Laura Michel 38 -of 38 levels and 130 meters in Alma Rosa I— It would be the tallest building in the district when its projected construction ends in about 36 months. It is conceived as a “urban resort“with luxury amenities, multiple levels of parking, social areas, cinema, gyms, bar, swimming pools, walking tracks. It symbolizes the new profile of the buyer: families and businessmen who previously invested in the National District and today are betting on Santo Domingo East.
Towards new areas
Investors’ projections are focused on other areas with a vocation for vertical urbanismlike the Ozama widening and the journey of the Ecological avenue. But in the latter there are limitations on buildings taller than five stories because there are regulations that prohibit them due to the requirements demanded by the proximity of the San Isidro Air Base, for the correct and safe takeoff and aircraft landing.
However, from the side of The Friars from now on the land use allows for taller towers.
Today, Santo Domingo East He doesn’t sleep anymore. Produce, build, invest and dream big. the city growsHE verticalize and redefines your identity.
