Construction of Colombia's second-tallest skyscraper, BD Bacatá, is finally resuming following an agreement signed between BD Promotores, Prabyc Aluman, and Acción Fiduciaria. The deal involves a total investment of 48 billion Colombian pesos ($15.5 million), according to reports by local media outlets Portafolio and W Radio.
Currently 95% complete, the 240-meter-tall building in downtown Bogotá was funded through real estate crowdfunding. In February 2016, structural construction was completed, with its opening scheduled for the following year. However, BD Promotores Colombia filed for insolvency in early 2018, risking the loss of its original name and sparking outrage among thousands of small investors.
According to Portafolio, the agreement "will allow builders to resume work on March 11, with completion estimated to take 18 months." Consequently, the skyscraper is expected to officially open during the second half of 2020.
BD Bacatá will feature over 115,000 square meters of space, accommodating 405 apartments, 117 offices, 319 hotel rooms, 6,500 square meters of retail space, and 700 parking spaces.
Via Portafolio, Pulzo.
This article was written by Nicolás Valencia. The translation is powered by AI.
