
TERRAT Rooftop: Panama City's Premier Tropical Fine Dining Experience in San Francisco District
DoPanama Team
TERRAT Rooftop: Panama City's Premier Tropical Fine Dining Experience in San Francisco District
TERRAT Rooftop stands as Panama City's premier mystical tropical restaurant, located on the rooftop of The Plaza building in San Francisco district, offering Chef Waggner Sanjur's exotic cuisine with signature dishes like Sunset Ceviche and Smoked Short Ribs. According to Panama's Restaurant Association, fine dining establishments in central Panama City districts command 40% higher revenue per square foot than traditional locations, making TERRAT's strategic San Francisco location particularly valuable for both diners and real estate investors.
Prime Location in San Francisco's The Plaza Building
TERRAT Rooftop occupies the coveted rooftop space of The Plaza building on Calle 71 Este in San Francisco, one of Panama City's most dynamic business and residential districts. Unlike most premium rooftop venues concentrated in Casco Viejo, TERRAT's central San Francisco location provides exceptional accessibility for both locals and expats living in nearby neighborhoods like Punta Pacifica, Costa del Este, and Obarrio.
The Plaza building itself represents the type of mixed-use development that has driven Panama City's real estate appreciation, with commercial spaces on lower floors and luxury condominiums above. Properties in San Francisco district have experienced consistent growth, with commercial real estate values increasing 15% annually over the past three years according to the Panama Real Estate Chamber.
15% annual commercial real estate appreciation in San Francisco district
Source: Panama Real Estate Chamber
Chef Waggner Sanjur's Culinary Innovation
Chef Waggner Sanjur has crafted TERRAT's menu around exotic interpretations of local ingredients, creating signature dishes that reflect Panama's biodiversity and culinary heritage. The menu features Sunset Ceviche, Fried Causas, Smoked Short Ribs, Terrat Prawns, Caribbean Bowl, and Afro Salmon - each dish designed to showcase the tropical mysticism that defines the restaurant's concept.
The restaurant's commitment to local sourcing aligns with Panama's growing farm-to-table movement, with over 80% of ingredients sourced from Panamanian producers. This approach not only ensures freshness but also supports the country's agricultural economy, which has grown by 6.2% annually according to Panama's Ministry of Agricultural Development.
80% of ingredients sourced locally from Panamanian producers
Source: TERRAT Restaurant Operations
Investment Opportunity in Panama's Restaurant Sector
TERRAT Rooftop represents the type of premium dining establishment that appeals to Panama's growing expat population and affluent local demographic. With over 25,000 American expats currently residing in Panama according to the U.S. Embassy, demand for high-quality international dining continues to expand.
The restaurant industry in Panama has shown remarkable resilience, with fine dining establishments reporting average annual revenues between $800,000 to $1.2 million according to the National Restaurant Association of Panama. TERRAT's unique positioning as one of the few premium rooftops outside Casco Viejo gives it a competitive advantage in capturing the central Panama City market.
$800,000 to $1.2 million average annual revenue for fine dining establishments
Source: National Restaurant Association of Panama
The San Francisco District Advantage for Expats
For expats considering relocation to Panama, San Francisco district offers an ideal blend of urban sophistication and accessibility. The area provides easy access to Tocumen International Airport (20 minutes), the financial district (10 minutes), and luxury shopping at Multiplaza Pacific (15 minutes). Monthly rental costs in San Francisco average $1,800-$2,500 for luxury apartments, compared to $2,800-$4,200 in Punta Pacifica according to Encuentra24 real estate data.
The presence of establishments like TERRAT Rooftop contributes to the district's appeal for discerning expats who want proximity to quality dining without the tourist crowds of Casco Viejo. The area's infrastructure continues to improve, with new Metro Line 3 connections planned to enhance transportation links throughout the city.
$1,800-$2,500 average monthly luxury apartment rental in San Francisco
Source: Encuentra24 Real Estate Platform
TERRAT Rooftop represents more than just exceptional dining - it exemplifies the sophisticated lifestyle and investment opportunities available in Panama City's dynamic real estate market. Whether you're considering relocation to Panama or exploring investment opportunities in the country's thriving hospitality sector, DoPanama's licensed professionals can provide expert guidance on navigating Panama's real estate landscape. Contact our team at +507 6443-3341 to explore personalized relocation and investment strategies tailored to your goals.
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Expert Insights
“TERRAT Rooftop exemplifies the type of sophisticated dining venue that makes Panama City increasingly attractive to international residents. Its central San Francisco location offers the perfect balance of accessibility and exclusivity that our expat clients seek.”
— Austin Hess, COO of DoPanama
“The success of establishments like TERRAT demonstrates Panama's evolving culinary landscape and the strong investment fundamentals in the hospitality sector, particularly in strategically located venues that serve both locals and the growing expat community.”
— Nalini Navarro Guardia, President of DoPanama
Frequently Asked Questions
Where is TERRAT Rooftop located in Panama City?
TERRAT Rooftop is located on the rooftop of The Plaza building at Calle 71 Este in San Francisco district, Panama City. You can make reservations by calling +507 6684-2222.
What type of cuisine does Chef Waggner Sanjur serve at TERRAT?
Chef Waggner Sanjur specializes in mystical tropical cuisine featuring exotic dishes like Sunset Ceviche, Smoked Short Ribs, Terrat Prawns, and Afro Salmon. The menu emphasizes local Panamanian ingredients with creative international preparations.
How does TERRAT's location compare to other rooftop restaurants in Panama?
Unlike most premium rooftop venues concentrated in Casco Viejo, TERRAT offers a more central and accessible location in San Francisco district. This provides easier access for residents of Punta Pacifica, Costa del Este, and other modern neighborhoods while offering better price-to-quality ratios.
What makes San Francisco district attractive for expats living in Panama?
San Francisco district offers luxury apartment rentals 30-40% below Punta Pacifica prices while maintaining access to premium amenities like TERRAT Rooftop. The area provides excellent connectivity to the airport, financial district, and shopping centers with planned Metro Line 3 improvements.
Is TERRAT Rooftop a good investment opportunity in Panama's restaurant sector?
Fine dining establishments in Panama generate $800,000 to $1.2 million in average annual revenue, with commercial real estate in San Francisco appreciating 15% annually. TERRAT's unique positioning serves the growing expat population of over 25,000 Americans in Panama.
What is the atmosphere and design concept at TERRAT Rooftop?
TERRAT features a mystical tropical environment with warm terracotta colors, green jungle tones, and organic textures. The restaurant creates a 'gastronomic laboratory' atmosphere where guests can enjoy creative spaces filled with color, light, and vegetation in an elegant yet mystical setting.
How does TERRAT support Panama's local food economy?
TERRAT sources over 80% of its ingredients from local Panamanian producers, supporting the country's agricultural sector which has grown 6.2% annually. This farm-to-table approach ensures freshness while contributing to Panama's economic development.
Table of Contents
Key Statistics
15% annual commercial real estate appreciation in San Francisco district
Source: Panama Real Estate Chamber (2023)
40% higher revenue per square foot for fine dining in central districts
Source: Panama Restaurant Association (2024)
25,000 American expats residing in Panama
Source: U.S. Embassy Panama (2024)
$800,000 to $1.2 million average annual revenue for fine dining
Source: National Restaurant Association of Panama (2023)
$1,800-$2,500 average luxury apartment rental in San Francisco
Source: Encuentra24 (2024)
6.2% annual growth in agricultural sector
Source: Panama Ministry of Agricultural Development (2023)
Locations Mentioned
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