Real Estate Projects Mexico City
Introduction
Nuevo Polanco is an area to the northwest of Mexico City, which corresponds to the Granada colonies), Granada Extension), Anáhuac I section, Popotla, and Mariano Escobedo, and which has experienced a wave of great real estate, commercial and urban development. Driven by the transformation of large industrial lots, the renovation of old buildings, and the creation of new vertical developments, north of the exclusive area of Polanco "Polanco (colony, Mexico City)").
It has been consolidated with the creation of shopping centers such as Antara Fashion Hall, Parques Polanco, Miyana "Miyana (Mexico City)") and Plaza Carso, in addition to multiple vertical housing developments. Colloquially, the Granada neighborhood and Granada Extension are called Nuevo Polanco, but the renewal and development of the area at a commercial, residential and real estate level continues to expand towards the northern colonies.
The accelerated pace of the construction wave has developed in different blocks located along the avenues; Boulevard Miguel de Cervantes Saavedra"), National Army, San Joaquín River, Mariano Escobedo, National Navy, Lake Hielmar and the Legaria road.
Before the wave of real estate developments and the renewal of the area, characterized by tall buildings with avant-garde architecture, the area had a marked industrial character with numerous factories, as well as residential by popular class inhabitants in the Ampliación Granada and Anáhuac neighborhoods.
There is controversy regarding the wave of real estate developments and it has been accused of promoting gentrification, increasing local traffic, and operating with irregularities hidden by Seduvi, but there are no known lawsuits or open procedures that confirm this.
urban development
Nuevo Polanco has been built between the National Army and Río San Joaquín avenues, on the Granada, Cuauhtémoc Pensil, Ampliación Granada, Irrigación and Anáhuac neighborhoods and encompasses its influence on others such as Verónica Anzures, Tacuba or Periodista; through the urban transformation process called gentrification.[8].
In October 2013, SEDUVI announced a stoppage of further development until there was a plan to put in infrastructure such as sidewalks, drainage, etc. On that date, Nuevo Polanco had 76,000 inhabitants, twice the expected number, and there were 23,469 residential units.[9] The Mexican real estate project has become an example in the international press of how urban development can fail when there is no planning for infrastructure.[10].