Managua Foreigners, mainly from Anglo-America and Europe, are becoming interested in considering post-retirement life in Nicaragua, as the country has been mentioned by various media outlets due to its safety performance on major indexes and inexpensive lifestyle for tourists. The capital is also in need of more office space in downtown Managua as the city's economy continues to grow. Economists predict that its demand for commercial real estate will increase. New office buildings are currently being constructed along Carretera a Masaya and in Villa Fontana districts. The most recent inauguration being the Edificio Invercasa. "Plaza de la Revolución" (Revolution Square), formerly
Managua Somoza García and his family (1936–1979), the city was rebuilt and began to grow rapidly. New government buildings were erected, industry developed, and universities were established. The city's development caught the attention of Irving Fields and Albert Gamse, who composed a musical piece about the city that became popular in the 1940s through the performances of Freddy Martin, Guy Lombardo and Kay Kyser. Managua had become Central America's most developed city. Today's references differentiate the pre-1970s Managua by labeling it as "La Antigua Ciudad," which in English translates to "The Ancient City" or "The Old City". Managua's progress came to