Pacific Hills' second tower on Panama City's waterfront corridor — directly across from Parque Urracá and the Cinta Costera. The developer's first tower, the original Costanera, is essentially sold out; Costanera Aqua is now in presale. Design concept: "Everyday Wanderlust," by architecture firm Mallol — interiors that borrow from New York, Tulum, Singapore and Greece.
Costanera Aqua sits on Avenida Balboa in Bella Vista, across from Parque Urracá and steps from the Cinta Costera — the linear waterfront park and promenade that runs along Panama Bay. It's the same general corridor as Marbella and the financial district, walking distance to the restaurant and hotel strip covered on our Bella Vista neighborhood page.
Pacific Hills built the original Costanera (Tower I) first — it's move-in ready today and essentially sold out, with a single unit remaining that the developer isn't actively marketing. Costanera Aqua (Tower II) is the follow-up project on the same site, now open for presale. For a buyer evaluating the developer, that means there's already a delivered, occupied building next door to judge quality against — not just renderings.
Costanera Aqua is a 61-floor tower (4 of them dedicated amenity floors) with 2 and 3-bedroom units ranging 85–186 m², priced from $319,000 to $747,000 in presale.
| Wing / Floors | Unit Size | Layout |
|---|---|---|
| North, floors 10–37 | 85–90 m² (915–969 ft²) | 2 BR, 2 BA, den, balcony |
| North, floors 10–37 | 117–148 m² (1,259–1,593 ft²) | 3 BR (primary w/ WIC), 2.5 BA, den, balcony |
| South, floors 10–37 | 164–186 m² (1,765–2,002 ft²) | 3 BR (primary w/ WIC), 3.5 BA, family room, maid's room, balcony |
| North, floors 38–42 | 118–142 m² (1,270–1,528 ft²) | 3 BR (primary w/ WIC), 2.5 BA, den, balcony |
| South, floors 38–42 | 164–186 m² (1,765–2,002 ft²) | 3 BR (primary w/ WIC), 3.5 BA, family room, maid's room, balcony |
Typologies above are drawn from Pacific Hills' official floor plans (floors 10–42). Final per-unit availability and floor-by-floor pricing are confirmed at the time of inquiry — see the sourcing note below.
Presale pricing on a waterfront tower from a developer with a sold-out first building — worth a conversation before the next price milestone.
Pacific Hills' official amenity program for Costanera Aqua, organized into five curated zones spread across the tower rather than stacked in one place:
61 floors total, including 4 dedicated amenity floors spread through the tower (Grand Lobby, Ocean Deck, Social Hall, Hydra Wellness and Skyline Oasis zones) rather than stacked all at the base or roof.
2 and 3-bedroom residences ranging from 85 m² (915 ft²) to 186 m² (2,002 ft²). Smaller north-wing units run 2-3 bedrooms with a den; larger south-wing units add a family room, maid's quarters and a kitchen island on the bigger typologies. Pricing runs $319,000 to $747,000 in presale.
Pacific Hills is the developer, the same group behind the original Costanera (Tower I), which is essentially sold out. Mallol is the architecture firm. The design concept, called "Everyday Wanderlust," draws on New York, Tulum, Singapore and Greece.
This page is built from Pacific Hills' official digital brochure and floor plans for Costanera Aqua, plus third-party portal listings (Panama Equity) for context. Unit typologies, amenity zones and photography reflect the developer's published materials as of September 2026. Final unit availability, floor-by-floor pricing and the payment schedule are confirmed directly with the developer at the time of inquiry — treat the figures above as accurate developer-sourced references, not final contractual terms.
We'll confirm current floor-by-floor pricing, unit availability and Pacific Hills' payment schedule for the typology that fits you.
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