75 F
Mérida
Thursday, September 23, 2021
###

In Merida’s changing skyline, 30 new ‘skyscrapers’ are coming

AMPI official breaks down Merida's real estate trends

Latest headlines

Blocked from Chichén Itzá, new-age pilgrims congregate in Uxmal

Both Chichén Itzá and Dzibilchaltún were closed to the public during the fall equinox due to concerns over COVID-19 infections, as well as land disputes. 

Tensions flare over plans for Mérida’s new stadium

Promotion of Housing Industry, says Mérida’s new multi-purpose stadium will increase property values in the city’s north. 

Mérida’s most powerful art collection turns 50

The work of Yucatán's most celebrated muralist, Fernando Castro Pacheco (1918-2013), housed in Mérida's Palacio de Gobierno, turned 50 on Independence Day.

Casa del Águila: Just the right location for $150,000

Casa del Águila in Mérida is in just the right location. It is offered by Melissa Adler of Mérida Living Real...
Yucatán Magazine
Sign up to get our top headlines delivered to your inbox twice a week.
Via Montejo, which opened in 2018, added numerous high-rises along Merida’s periferico. Photo: Courtesy

Merida, Yucatan — The city’s northern panorama continues onward and upward.

In addition to the 30 towers that are already there, another 30 are coming, said the local vice-president of the Mexican Association of Real Estate Professionals (AMPI).

Gabriela Chavarria Roman also said a total of 39 upscale construction projects — from sprawling shopping centers to mixed-use towers — are in the works.

The 10 tallest buildings in Merida, either existing or proposed, average 17.8 floors.

“We’ll have a very different city with many foreigners living here, who are very used to vertical housing with low maintenance costs,” Chavarria Roman said. The term “foreigners” in this case includes well-heeled newcomers from across Mexico.

A prominent example is the first of two 31-story Country Towers high rises that opened in 2014, which remain the tallest in Merida. A planned third tower has not yet been erected.

But Chavarria Roman said that the vertical trend began to really take off in 2016.

High rises are self-contained communities, lessening the dilemma of building in areas not reached by city services, she added. It’s also a mode of living familiar to residents from urban centers such as Mexico City and Guadalajara.

Some parcels in Yucatan have tripled in value in eight years, while remaining relatively cheap compared to some other cities.

Since the 1990s, a wave of expats found a huge selection of attractive historic homes, ready to be renovated. Another sea change began around 2007, when the international community’s impact on the downtown began to reach critical mass. Media attention soon followed. The city began to appear fashionable.

Although inventory is tighter now, the renovation trend continues. Today, 70 percent of the Centro’s restored homes are income-producing rentals on Airbnb, she said.

By 2010, the commercial transformation began as investors found a high quality of life and relative safety, combined with economic growth. The trend toward mixed-use plazas and office buildings took off, not just in the north, but the north-east fringe.

{ 2017: Restaurant boom, and ‘bohemian’ vibe, fuel Centro nightlife }

- Advertisement -
- Advertisement -

More articles

Casa Vagantes is a rescued wonder found behind Paseo Montejo

Casa Vagantes comprises a traditional abode with a surface of 70 square meters / 754 square feet and has been fully revamped with modern travelers in mind.

Jazz festival to make its comeback in Playa del Carmen this November

The festival will be of a hybrid nature, with some of the events being held online to help prevent the spread of COVID-19, city authorities announced.

Mérida prepares to host Mexico’s most important tourism trade show

The event known as the Tianguis Turístico Mexico will bring together representatives from the country’s 32 states, as well as buyers from 70 countries.

The great Kukulkán prepares for his descent, but no one will be there to see him

As was the case during the last spring equinox, Chichén Itzá closed for three days as a precaution against the spread of COVID-19.

Yucatán kicks-off rabies vaccination campaign for cats and dogs

This week marks the beginning of Yucatán's rabies vaccination program for cats and dogs

House permits for foreigners — How to buy a house in México

Any foreigner can obtain direct ownership of a property in the interior of the country, they just need a permit from the Foreigner Affair's Office. However, under Mexican law, foreigners cannot directly own property within the restricted zone.

Bars, cantinas, and sports centers to re-open in Yucatán

Mérida’s bars and cantinas will be allowed to operate once again, but only at 50% capacity. Photo: Carlos Rosado van der...

Great news for music enthusiasts: Santa Lucia Serenades To Return In October

We think that the serenades are learning the necessary measurements very quickly to be able to open this show,” says Mérida's director of Culture.

The small but beautiful ancient city of Chicanná

Chicanná gets its name from its most famous building, the House of the Serpent Mouth.

Yucatán curfew: Vehicle restrictions almost at the end of the road

A road curfew that kept non-emergency vehicles off the road after 11 p.m. will end Monday, Oct. 4.