After being stymied for nearly two years from a labor strike and consequent financial stress, one of Panama's most ambitious luxury resort-style communities is back to life and moving full speed ahead on completing the first phase of its development.
The Red Frog Beach project, located off the northwest coast of Panama in the Bocas del Toro archipelago, overcame its paralyzing 20-month strike last October when Pillar Panama chairman/president Joe Haley announced a settlement between Pillar Construction and the local workforce. Meanwhile, caught between the strike and a tightening global economy, Haley was forced to restructure his original partnership to save the project.
The end result was a better capitalized group of investors and an invigorated Pillar Panama team as committed as ever in completing the development that calls for a 100-slip marina and marina village, luxury residence club and boutique hotel and spa. Read More