Friday, June 20, 2025

Construction begins on new mega mall in Quintana Roo

Groundbreaking took place Monday near Cancún for a 6-billion-peso (US $312 million) mall that will have “the best brands in the world,” according to the CEO of real estate developer Gicsa.

Abraham Cababie said the Grand Outlet Riviera Maya in Puerto Morelos, which will employ its “malltertainment” concept, will be the company’s biggest at 90,000 meters of rentable space. Nearly half will be allocated to entertainment attractions.

Gicsa has contributed half the required investment; its business partners will chip in the remaining 3 billion pesos.

The malltertainment concept consists of offering an all-round experience to the consumer, including places to eat and entertainment options, but going a step further by offering attractions not typical in their surroundings. In this case that will mean an ice rink.

Construction started this week and is expected to take 18 months, concluding in October 2020 and delivering a mall two or three times bigger than other similar venues in the area.

Sprawling over more than 250,000 square meters, the mall will be home to 160 stores and 16 entertainment options.

There will also be a 7,500-seat auditorium, areas of water covering over 80,000 square meters, an amusement park, a go-kart track described as the largest in the world and a hot air balloon.

Three hotels — City Express Plus, City Express Suites and NH — will also be found in the ambitious project.

Cababie also announced that Gicsa will open the Grand Outlet concept in the Riviera Nayarit and in another, unnamed resort destination.

The firm’s malltertainment portfolio grew by three last year with the opening of La Isla Mérida, Explanada Puebla and Paseo Querétaro.

“We will continue like this until 2023, with malltertainment in the 14 principal cities in the country.”

Federal Tourism Secretary Miguel Torruco remarked that private investment is necessary to generate wealth and employment, and that projects like the Grand Outlet Riviera Maya are needed.

Source: El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
A screwworm fly, possibly

Fight against screwworm ramps up with reopening of sterile fly plant in Chiapas

0
Sterile flies were key to Mexico's past success in exterminating screwworm. Now that the pest is back, the US is offering $21 million to reopen the production facility.
CJNG cartel leaders El Mencho and Ricardo Ruiz

US sanctions CJNG leaders, citing TikTok influencer’s murder

3
People in the United States are now blocked from any transaction involving property that the five sanctioned cartel leaders have an interest in.
A clandestine oil refinery in Veracruz

Security forces shut down clandestine oil refinery in Veracruz

1
Officials also seized 1.2 million liters of stolen fuel in Nuevo León, as the government steps up the fight against fuel trafficking.