New development project offers prime business space in Hagatna - KUAM.com-KUAM News: On Air. Online. On Demand.

New development project offers prime business space in Hagatna

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 by Ken Quintanilla

Guam - Later this year, a new development is set to open in the island's capitol offering retail and restaurant space all with a view of Hagatna Bay. Hagatna isn't just the capitol of Guam, but a village thriving in development, from the Guam and Chamorro Educational Facility to a new development by Calvo Enterprises.

"We're building a mixed-use building, 13,000-square foot building with retail and restaurants based on the first floor and office on the second," explained Leonard Calvo, Calvo Enterprises vice president. He says the family company has owned the property for some time and was approached by several businesses wanting to open in Hagatna.

 "The project is called Trinchera Place, and we're just excited about it," Calvo added. "We have some good tenants for the first floor, the second floor we still have space available up for the office. We got Burger King and we have another restaurant going on in there, so we're excited. We're pretty optimistic about the coming future on Guam and we think the economy is on the upswing, so we wanted to capitalize on that and we found the right tenants to help us do that."

The name is fitting as the development is located next to Shell in East Hagatna and "Trinchera" is what East Hagatna used to be known as before the war. Construction on the two-story project started in January with the Tutujan Hill Group signed on as the general contractor and RIM Architects on design. The project is estimated at around $2.5 million. "Agana at least as a child, a lot of the government businesses were here and everybody was headquartered in Agana, so we think it's good, we think it's the right move," Calvo said. "There are lot of the pieces here and we just got to pull it together and local businesses are going to pull their part to make Agana the place to be."

The development of Trinchera Place comes not just as Hagatna is growing but so is the rest of the island. Within this year alone, the new Dusit Thani Hotel along with the Guam Regional Medical City are set to open as well. Ultimately, Calvo says, the future looks bright for Guam and he wants to be a part of it.

Construction is set for completion between September and October of this year. 
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