To better understand the unexpected history of this neighborhood we must go back to 1521, in which Panama City was founded as the first Spanish city on the Pacific coast. In 1671 the city was attacked and sacked by the pirate Henry Morgan, leaving only ruins and forcing its inhabitants to move to the southwest peninsula named San Felipe, which is today our beloved Casco Antiguo.
It is here, where for nearly 300 years, have been lived the most important events of Panamanian history since the Spanish occupation to our independence. And where we can admire the most important works in Panama embodied in its varied architecture. In the Casco Antiguo where we see colonial buildings, French, Afro-Caribbean, neoclassical architecture, and even some samples of art deco reason that earned its inclusion in the list of sites declared World Heritage by UNESCO.
The deterioration of buildings in San Felipe starts after the Panamanian elite began to move to new neighborhoods in fashion as they were Bella Vista and La Cresta in the 40s. it was accentuated in the 70s when housing laws are created , which intended to protect tenants the leases are frozen and makes it virtually impossible the eviction of buildings for restoration. This resulted in many cases, that the owners even abandoned the administration of the old houses, for the difficulty of maintenance..
Thus, since 1995 Inmobiliaria San Felipe has led the initiative to recover this valuable neighborhood, and turn the Casco Antiguo into the most visited cultural and tourist center of the city in the country and regional . Today recognized for its safety, architectural beauty and unique value.