CRESIA of the Codas Vuyk Group begins the construction of Vivo Los Naranjos, its Third Project in Ciudad del Este

A new development that consolidates the evolution of Barrio Área 1 towards orderly densification, preserving its residential character and responding to the new housing needs of Ciudad del Este.

Yesterday, CRESIA, the real estate development arm of the Codas Vuyk Group, officially launched construction on Vivo Los Naranjos, its third project in Ciudad del Este. The symbolic groundbreaking ceremony brought together executives, strategic partners, and clients, marking a milestone in the firm's expansion in eastern Paraguay. This expansion reinforces a strategy that is transforming the way people live in the capital of Alto Paraná through residential projects with a human scale, contemporary design, and high-quality construction.

The choice of Barrio Área 1 as the new site for expansion is no coincidence. Vivo Los Naranjos is located on the corner of Los Naranjos and Los Guayabos streets, in one of the most established residential corridors in Ciudad del Este, a neighborhood traditionally associated with families connected to Itaipu and characterized by spacious houses and a strong residential identity. Over time, this area began to undergo a process similar to that experienced by Asunción more than a decade ago: family homes ranging from 1,000 to 3,000 square meters whose owners now face a different life cycle, with children leaving home and housing needs shifting towards more practical, efficient, and secure spaces. This demographic and urban transition opened the door to new low- and mid-rise residential developments that allow families to remain in their neighborhood, adapting to a different scale.

It was in this context that CRESIA identified two key lots within Area 1, strategic enclaves that remained vacant within a consolidated urban fabric, offering services, clubs, cafes, low-traffic restaurants, and an atmosphere of tranquility uncommon in Paraguayan cities. The developer's response was immediate: to acquire both lots and design two complementary projects. The first, Vivo Los Guayabos, has a limited number of units available, reflecting strong demand in the local market. The second, Vivo Los Naranjos, is the one whose construction begins today. It is a building specifically designed to meet the real needs of the neighborhood, its residents, and the new generations seeking to remain in the area.

The project is conceived as a six-story residential tower offering a product geared toward the end consumer, primarily consisting of two- and three-bedroom units ranging from 80 to 150 square meters. This proposal caters to two distinct market segments: young adults who wish to live independently within the neighborhood where they grew up and for whom purchasing a house is no longer feasible; and parents who find apartments a more functional and easier-to-maintain alternative. The architecture prioritizes warmth, functionality, and a contemporary design that integrates natural light, well-proportioned spaces, and environments designed for everyday living.

A distinctive feature of the project is its commercial ground floor, with three units dedicated to essential daily services, such as a café, a pharmacy, and other local businesses that complement the neighborhood without creating an intrusive commercial flow. This integration reinforces the residential character of the area while providing convenience and added value for residents.

Vivo Los Naranjos incorporates a full range of amenities designed to complement routines of relaxation, connection, and social life. The tower will feature a swimming pool with a deck, a fully equipped gym, a barbecue area, an outdoor living space under a pergola, restrooms and showers in common areas, and a children's play area. Each of these components is integrated into an architectural style that prioritizes the well-being and quality of life of families.

In terms of construction, the project is estimated to take 30 months. Prices range from USD 100,000 to 180,000, not due to a luxury positioning, but rather to the spaciousness of the units and the quality of the selected materials. As the developer of the project itself, Codas Vuyk prioritizes premium materials, low-maintenance solutions, and finishes that extend the lifespan of the construction, maintaining the durability standards that characterize the firm.

Gonzalo Codas, Director de Codas Vuyk y CRESIA

The launch of Vivo Los Naranjos confirms the dynamism of CRESIA's model in Ciudad del Este, where it is already registering significant sales results. Vivo Los Guayabos has surpassed 90% of its units sold, and Paseo Boquerón has already sold more than 75%, indicators that reinforce the strength of this growing residential area and validate a strategy based on identifying real needs and offering products consistent with the character of each neighborhood.

With over 350,000 m² developed in Asunción, Ciudad del Este, and Encarnación, CRESIA is part of the Codas Vuyk Group, which boasts more than 47 years of experience in innovation, design, and construction. This track record is now complemented by the participation of Pridelta Capital SA in the creation of this project, a partnership that combines the fund's financial and strategic vision with the group's technical and construction capabilities. In addition to joining the project as a partner, Codas Vuyk will oversee the building's construction, guaranteeing the quality standards that have defined its presence in the Paraguayan market.

Vivo Los Naranjos thus represents more than just a new building: it is a piece within a broader urban vision, driving the evolution of Ciudad del Este towards models of balanced densification, orderly growth, and the development of new residential hubs. CRESIA and its partners are committed to vertical growth that not only provides infrastructure but also social and urban change: people who remain in their neighborhoods, families who find contemporary alternatives, and projects capable of bringing about that transformation.

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