property
Bogotá's New Mixed-Use Towers Boost Northern, Central Property Values
Construction of several mixed-use towers is advancing in northern and central Bogotá, with early signs that local property values will respond in the affected blocks.
How we reported this
Work started in May on three mixed-use towers along Avenida Caracas in Chapinero, the first of several projects now moving from plans to concrete in the capital.
The timing matters because Bogotá’s planning office released updated zoning maps in late 2025 that lifted height limits on selected corridors. Investors who had waited on those maps now see clear paths to larger buildings and are moving to secure sites before construction costs rise further.
Projects near established neighbourhoods
One site sits two blocks from Parque de la 93, where a 28-storey building will combine offices on the lower floors with apartments above. Another rises on Calle 63 in Chapinero Alto, replacing two older low-rise blocks. A third project, still in permitting, is planned for the edge of La Candelaria near the Universidad de los Andes campus. Each location already draws steady foot traffic from nearby offices and universities.
These addresses sit inside the same districts that the Secretaría Distrital de Planeación has flagged for faster permitting under the city’s current development plan. Local real-estate agents report more inquiries from both individual buyers and small investment groups since the first permits were published in April.
Next steps for buyers and sellers
Anyone considering a purchase in these blocks should check the exact zoning certificate for the property they have in mind. The Alcaldía Mayor de Bogotá posts the documents online within days of approval, allowing buyers to confirm permitted uses and maximum heights before signing. Sellers who list now are seeing faster showings, particularly for units within 400 metres of the new sites.
Market watchers expect the pattern to repeat in other corridors once the next batch of zoning updates appears later this year. Those who track the official planning notices will be the first to spot which streets come next.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.