Category Archives: Real Estate

How Mexico City’s housing projects give way to changing needs

National Geographic – Mexico City’s Galaxia subdivision was built in an era when the middle class aspiration was to own a certain type of single family house with room for a car. But as times and needs change, so does the city, morphing into a new landscape that reflects modern needs.

http://voices.nationalgeographic.com/2015/01/27/how-mexico-citys-outer-housing-projects-give-way-to-changing-needs/

Mexico shuts down Chinese-led Dragon Mart project due to environmental concerns

Dragon Mart's project manager, Juan Carlos López, in December 2012 points at the property where the Dragon Mart was to be built at El Tucan, Cancun. (EFE/Alonso Cupul)
Dragon Mart’s project manager, Juan Carlos López, in December 2012 points at the property where the Dragon Mart was to be built at El Tucan, Cancun. (EFE/Alonso Cupul)

EFE

The Dragon Mart, a trade mart being built in the southeastern Mexican state of Quintana Roo with Chinese investment, has been ordered to shut down due to environmental damage caused by the project.

The project, located in the El Tucan district of the city of Benito Juarez, was ordered to close down following a visit by federal environmental inspectors who determined that developers had failed to comply with orders recently issued by officials, the director of the Profepa environmental protection agency, Guillermo Haro, said in a press conference.

Developer Real Estate Dragon Mart was building the trade mart in a jungle area that is home to wildlife and a coastal ecosystem that are “all protected” by environmental laws, Haro said.

The project “has affected the area’s biodiversity” and the “productive capacity of the forest lands,” the Profepa chief said.

The developers of the Dragon Mart project planned to build 722 residential units and 20 warehouses, as well as 3,000 spaces for businesses, on 204 hectares (503 acres).

Dragon Mart was designed to be an exhibition center for merchandise from China, providing an opportunity for companies from the Asian nation to make contacts in Mexico and Central America.

http://www.laprensasa.com/309_america-in-english/2920991_mexican-gov-t-shuts-down-dragon-mart-project-on-environmental-concerns.html