The shuttered Siderúrgica de Yucatán (Yucatan Steel) factory has been surrounded by walls promising an ambitious new project called Via Montejo.
Via Montejo is to be composed of 12 towers with 1,200 luxury apartments and offices. Palacio de Hierro, a high-end department store based in Mexico City, will anchor a five-story shopping plaza that will also contain open-air restaurants, Cinepolis VIP cinemas and a Calvin Klein boutique, according to Diario de Yucatan. A hotel, medical center, offices, parks and even artificial lakes are advertised.
The factory parcel along the Merida-Progreso road is now surrounded by large signs with the name of the property and a web address, which so far has not been activated.
The developer, Inmobilia, also built Country Towers and Yucatan Country.