Cancun, the northern pillar of Mexico’s Riviera Maya, is concentrating on infrastructure development this year while launching new hotels, condominium complexes, and tourist attractions.
Recently, the city has been actively moving forward with the development of mixed condominium complexes. The concept of high-rise buildings merged with commercial units is a key focus for Cancun’s infrastructure development in 2021.
The head of the Mexican Association of the Real Estate Industry, Quintana Roo, María Eugenia Martell Sánchez, says that Cancun intends to proceed with the construction of mixed premises that include residential and commercial properties.
The mixed condo concept is widely popular with tenants, business owners, and investors. Residents have access to onsite services such as grocery stores, restaurants, medical clinics, pharmacies, dentists, and such.
In this regard, Sánchez explained that the convenience of having multiple services and necessities located within close proximity means that area residents and building tenants won’t need to frequently drive to the city center. Thus, there is a reduction in traffic and mobility.
“Such developments can be generated in any part of the city, for example, in the southern part of the municipality. This year, we have plans to start one of these mixed projects that include several condominiums with a fairly large commercial plaza that will include a hospital,” she highlighted.
Additionally, revenue generated from shared facilities and services adds advantage economically, as a financial activity between components benefits both business owners and customers.
At present, there are about a dozen mixed condo projects in development but the progress was hindered due to conditions posed by the pandemic. However, since the start of economic recitative a few months ago, the majority of these projects have been able to resume.
Meanwhile, the State Secretary of Tourism, Marisol Vanega, said that state investments look promising this year, as investments in tourist and hotels will be a prime focus for Quintana Roo.
“We are receiving construction licenses and environmental function licenses from the municipalities with which they can update the number of rooms per year,” Vanega said.
She noted that although setbacks posed by the pandemic slowed the development, construction continues nonetheless.
“There are still important projects with good growth expectations because construction was considered an essential activity that was maintained, although perhaps the pace slowed a bit, but we will have important openings in 2021 because important projects will be completed,” added Vanegas.
She specifically highlighted the SHA Wellness Clinic, a major project that will resume construction this April.
The hotel and wellness center built on a 6.6-hectare site located between Puerto Juárez and Isla Mujeres will include 241 rooms and multiple facilities.
“SHA has already confirmed to us that it is continuing its project in April. They are resuming it completely,” Vanegas concluded.
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