http://www.guardian.co.uk/travel/2008/mar/20/panama.casco?gusrc=rss&feed=networkfront
Panama's hottest secret
If you're looking to get ahead of
the game, Panama City's
Casco Viejo is as up-and-coming as it gets, says Vicky Baker. Go now before the
word is well and truly out
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This article was
first published on guardian.co.uk
on Friday March 21 2008. It was last updated at 11:00 on March 25 2008.

Open to the skies: Casco Viejo, Panama City. Photograph: Vicky
Baker
By the time travellers hear about
the hip new part of town in a foreign city, it's usually too late. We might
think we're cutting edge as we sip a cocktail in Berlin's
Prenzlauer Berg, Buenos Aires' Palermo
or Brooklyn's Williamsburg,
but the locals will have long been bemoaning the inflated prices and
reminiscing about the good old days.
If you're looking to get ahead of
the game, Panama City's
Casco Viejo is as up-and-coming as it gets. Situated in the city's far west,
with a waterside location looking across to the imposing downtown skyscrapers,
it's a ramshackle maze of dimly lit residential streets and tumbledown colonial
buildings.
Sometimes compared with the
French Quarter of New Orleans, there's a faded romance to its townhouses, with
their wrought-iron balconies and long, wood shutters. Although intimidating at
first glance (and locals will advise you to avoid the so-called zona rojas –
red light districts – such as neighboring Chorrillo), the area becomes
endlessly beguiling on closer inspection. An occasional art deco edifice
catches you by surprise. As does seeing the sky in places you shouldn't; the
hollow insides of many buildings enabling you to look right through them.
A slum during the 1980s Noriega
dictatorship, the area has been touted as ripe for regeneration for years.
Although work began in the 90s, a wavering national economy meant it got off
the ground in fits and starts. Now, as the country experiences its biggest-ever
boom, project Casco Viejo - or Casco Antiguo, as the area is officially, though
less commonly known - is accelerating an astounding pace. "Under
construction" signs can be found at every turn and the streets echo to the
sound of hammering, day and night.
A street in Casco Viejo It's the regeneration's faltering
beginnings that make such an unusual picture today. Casco Viejo has become a
strange hybrid where suddenly, out of the ruins, you find a perfectly renovated
plaza, or an ice-cream shop that with
a vintage scoop collection and pretentious flavours (basil, rosemary, Earl Grey
tea) that wouldn't look out of place in Islington (neither, at £3.80 for two
scoops, would its prices).
Inevitably, real-estate
opportunists spotted the potential here long ago. Buildings that could have
been snapped up for $70,000 (£35,265) a few years ago are now going for
$700,000 (£352,656). But, as the predominantly foreign investors move in, what
about the current residents?
"Where else can the poor
have sea views like here?" says Eugenio, a former cargo-boat chef, looking
towards the Panamanian
Gulf. "This building
where I live is worth $600,000 (£302,274) to a developer now," he adds,
tapping the peeling paint. Unfortunately for him, he's not the owner. Every
person that passes by may wave or shout his name, but, like many residents, he is
likely to be forced out soon. "I'm expecting to move," he says.
"I just don't know when or where."
Eugenio's future may be unsure,
but Casco Viejo's is sealed. Next year the five-star Hotel Casco Antiguo will open its
doors, and a new breed of tourist will soon be walking its brick-lined streets.
Those looking to understand where it's coming from and where it's going to
should catch it now. For better or worse, Casco Viejo is certainly one to
watch.
Getting there
STA travel has return flights to Panama from
London Gatwick with Delta Airlines from £645 including taxes. Tel: 0871 230
8512