CRESIA officially begins construction on Paseo Boquerón, its new residential project in Ciudad del Este

With a symbolic event attended by leading figures from the regional business and real estate sectors, CRESIA broke ground on Paseo Boquerón, officially marking the start of construction on its new residential project in Ciudad del Este. The ceremony took place last Wednesday on Pantaleón Aguirre Street, just a few meters from Lago de la República, one of the city's most cherished natural settings. The event was attended by representatives from Codas Vuyk, directors of the Ciudad del Este Chamber of Entrepreneurs, and various commercial partners of the project.

Paseo Boquerón is the second project CRESIA has developed in conjunction with Codas Vuyk in Ciudad del Este, following the sales success of VIVO Área 1, an exclusive residential building that already has more than 90% of its units sold. Paseo Boquerón, for its part, has already reached 80% of its units sold in the pre-construction phase. The excellent market response to both projects positions CRESIA as one of the main players in real estate development in Ciudad del Este, demonstrating its ability to identify opportunities, develop high-demand products, and consolidate a modern, functional residential offering adapted to today's lifestyle.

In this new proposal, the developer is opting for a mid-scale building, comprised of 11 floors of apartments, with a total of 84 one- and two-bedroom units, designed to respond to a modern, functional lifestyle connected to its surroundings.

One of the building's distinctive elements is its contemporary architectural design, with a dynamic and modern façade characterized by curved parapets reminiscent of waves, a tribute to its proximity to Republic Lake. These curved bands alternate throughout the levels, providing movement, originality, and a youthful identity, all framed by glass railings and metal profiles that balance functionality and aesthetics.

The building will feature a wide range of amenities, distributed across the ground floor and terrace. These include a multipurpose room, gym, swimming pool, meeting room, game room, and sauna, all designed to enhance the residents' experience. The project also includes parking spaces distributed between the ground floor and two basement levels, with a hierarchical general access on the ground floor, reinforcing the urban and contemporary character of the project.

From an investment perspective, Paseo Boquerón represents an attractive opportunity for both traditional and short-term rentals. Thanks to the functionality of its units, its strategic location, and its comprehensive service offering, the project is emerging as an excellent option for those seeking rental income in one of the country's most promising markets. The high demand for the development is already reflected in the market: more than 80% of the units are sold in the pre-construction phase, consolidating Paseo Boquerón as one of the best-selling properties in the region.

The actual start of construction is scheduled for late May 2025, and delivery of the units is planned for May 2028, with an estimated completion period of 36 months.

CRESIA is a real estate development company created by the partnership of Pridelta Capital SA and Codas Vuyk SA, comprised of a team with extensive training and experience in the sector. Its work philosophy is based on being a connector between real estate projects and clients, committed to vertical growth that not only drives infrastructural development but also social progress. "We believe in the future and we bring it to life through concrete projects," the firm summarizes.

With Paseo Boquerón, CRESIA reaffirms its commitment to the urban development of Ciudad del Este, offering a product that combines quality design, housing efficiency, and a proposal that embraces today's lifestyle. More than just a project, this project seeks to become a new way of living and experiencing the city.