Plaza Novena

Plaza Novena — 12 Oceanfront Apartments in Casco Antiguo

Plaza Novena is a boutique residential building by Casco By Valor, the Casco Antiguo brand of Valor Development, on Avenida Demetrio Brid in Casco Antiguo, Panama City's historic quarter. It has only 12 apartments and 2 commercial units over three levels served by an elevator, and faces the water beside the neighborhood's mangrove. Delivery is scheduled for 2027 and prices start at $286,653 in pre-sale.

Apartment types

• Type 1: one bedroom, one bathroom, 66.42 m², corner unit with a wrap-around oceanfront balcony.
• Type 2: one bedroom, one bathroom, 61.40 m², south-facing oceanfront balcony.
• Type 3: one bedroom, one bathroom, 47.15 m², south-facing oceanfront balcony — the entry unit.
• Type 4: two bedrooms, two bathrooms, 78.39 m², south-facing oceanfront balcony.
• East Penthouse (183.25 m²) and West Penthouse (163.56 m²): two storeys, a vaulted loft-style living area, en-suite bedrooms and a full-width terrace with a raised wooden sun deck and private pool.

The building

The project blends new construction with the character of the historic district: wrought-iron balconies, a brick-walled lobby, patterned tile floors and planted open-air corridors. The ground floor holds two commercial units of about 119 and 120 m² with private patios.

Location

According to the developer, a park and restaurants are about 100 m away, public parking about 50 m, a supermarket and a bank about 200 m, a pharmacy and a theater about 300 m, and the nearest airport about 2 km. Casco Antiguo is a UNESCO World Heritage site where the streets, plazas, cafés and cultural venues are walkable. See more listings in Casco Viejo.

For investors and buyers

The entry point is a compact one-bedroom with an ocean-facing balcony at $286,653, in a building of only a dozen homes in a protected historic district where new residential supply is limited. It is a pre-sale purchase with delivery planned for 2027; the building's published material does not mention private parking. Panama uses the US dollar as legal tender. Contact the Life n’ ROI team for pricing by unit type and the payment plan at Plaza Novena.