Publishing is paused. This is a dated archive; older articles and guides may be outdated or unreviewed. Contact Chip about a correction.
Real Estate & Development

Guayaquil’s Casa Tola Moves Toward Commercial Redevelopment Behind a Preserved Facade

Chip MorenoChip Moreno||Source: El Universo

A private redevelopment project will transform Casa Tola, a patrimonial property in central Guayaquil, while preserving its historic facade on 9 de Octubre.

The building, located at the corner of Escobedo and 9 de Octubre, was constructed in 1918 and is privately owned. Its condition deteriorated substantially after humidity damaged the wood and insects affected much of the structure. Part of the facade collapsed in 2022, and a side wall on Escobedo fell in April 2026 without causing injuries.

The project illustrates a recurring development problem in historic urban centers: preserving a public-facing architectural element while making the underlying property safe, usable, and commercially viable.

A commercial use, not the earlier cultural proposal

A national investor group acquired the property from Javier Tola. The new plan gives the site a commercial use, replacing an earlier proposal considered by the National Institute of Cultural Heritage (INPC) in 2024 that would have emphasized art, culture, and gastronomy.

ZyL Asociados will lead construction, while ARQH.EC will handle the architectural design. The facade facing 9 de Octubre and the building’s first bay will be conserved. The interior will be replaced with a new structure.

The project will not reproduce the original floor plan. The proposed structure will have a ground floor and one upper level, or two levels in total, while the exterior will seek to maintain a similar apparent height. The ground floor is planned at approximately 4.5 meters, with the next level reaching about 7 meters.

Technical work before the rebuild

The building’s wooden elements cannot be assessed fully from the street. The team has been drilling on the property with a specialized robot for soil study, and approximately 60% of the building has already been digitally scanned.

The facade will be held by a metal support structure while the rest of the building is dismantled. The support is being prepared in a Guayas workshop. A first fumigation has already taken place, with another planned during the work to control the insects damaging the wood.

The INPC and the Municipality of Guayaquil will oversee the heritage requirements. Replacement wood must maintain characteristics similar to the originals, and moldings and other facade details will be conserved.

Timeline and execution risk

The dismantling could take approximately 60 days. Construction of the new structure could last nine to 11 months. The project team includes about 12 professionals working across architectural, structural, electrical, sanitary, and conservation areas.

For a commercial investor, the schedule is long enough for heritage supervision, structural discovery, and site logistics to matter. The project’s final commercial value will depend on what the team finds once the wood and interior structure are exposed, not only on the concept presented from the street.

What to watch

Watch the September dismantling phase, the INPC and municipal inspections, the degree of facade retention, and the eventual tenant or operating model. The source does not identify the project’s value, future tenants, or opening date. The immediate signal is that a deteriorated patrimonial property has moved from prolonged inactivity into an active, supervised redevelopment process.

Source: El Universo

Source

El Universo — “Después de años de deterioro, la Casa Tola será intervenida y se dará paso a proyecto con giro comercial”

View original
Guayaquilreal estateheritagecommercial developmentINPC
Companies: ZyL Asociados, ARQH.EC
Regions: Guayaquil, Guayas
Share
Research Support

Support the EcuadorBrief archive.

Research support helps fund review, corrections, and hosting. New publishing is paused.

Newsletter paused

EcuadorBrief is not sending daily briefings while the archive is under review.

Join Chip's personal newsletter

Related Coverage

Real Estate & Development

IESS Plans Real Estate Sales to Address Financial Sustainability Crisis, Targeting $2 Billion in Liquidity

The Ecuadorian Social Security Institute (IESS) plans to sell 175 identified real estate properties, primarily in Guayas, Pichincha, Manabí, Santa Elena, and Azuay, to gain liquidity amid a financial sustainability crisis, particularly within its Pension Fund. President Daniel Noboa stated the sales could generate USD 2,000 million.

primicias.ec|
Real Estate & Development

Ambiensa Opens New York Headquarters to Facilitate Property Acquisition for Ecuadorian Migrants

Real estate developer Ambiensa has officially opened its new headquarters in New York, United States. The office aims to provide direct service to Ecuadorian residents seeking to acquire property and consolidate assets in their home nation, offering a new direct credit modality and guidance on national housing programs.

eluniverso.com|
Real Estate & Development

SRI Sets Quito Vehicle Exhibition Ahead of September Auction Window

The SRI will exhibit vehicles in northern Quito on September 4 before a September 17–18 public auction. The process creates a defined acquisition window, but the deposit, qualification, and settlement mechanics determine the real capital requirement.

Primicias|
Policy & Regulation

Ecuador and U.S. Forces Conduct Joint Operation, Dismantling Alleged CJNG-Linked Drug Trafficking Network

On the morning of September 24, troops from the U.S. Southern Command, DEA agents, and members of the National Police carried out their first joint operation in Ecuadorian territory. The operation focused on the provinces of Guayas, Los Ríos, and El Oro, leading to the dismantling of a drug trafficking organization with alleged ties to the Jalisco New Generation Cartel (CJNG).

eluniverso.com; eluniverso.com; eluniverso.com|
Energy

Ecuador's Oil Production Targets Face Lower Projections from Central Bank Amidst Shifting Price Outlook

Ecuador's Ministry of Energy aims for 500,000 barrels per day by December 2026, but the Central Bank of Ecuador projects a lower average of 463,013 bpd for 2027. Oil revenues increased significantly in 2026, while future price forecasts anticipate a market correction despite current high prices.

primicias.ec|
Opens WhatsApp with a pre-filled message