The shopping complex to be built south of the capital on an 8 hectares area will be ready in late October 2014.
The project, by the company EU Desarrollos, will have "... 28 shops, plus eight large companies which will be installed in the site .... and a daily influx of 32,000 vehicles is expected."
Prensalibre.com reports that the complex "... will also have a financial center and space for restaurants and games.
The Municipality of Tejutla, San Marcos, Guatemala, is putting out to tender the construction of a shopping center and bus terminal in the Municipal captiol in the municipality of Tejutla.
The purpose of the tender is to contract:
CONSTRUCTION OF THREE STORY BUILDING AND BUS TERMINAL PHASE III, Municipal Capitol, municipality of Tejutla, Department of San Marcos.
The boom in housing projects and shopping centers in San Lucas Sacatepequez is attracting new business investments to the area.
The geographic location of the Pan American Highway that runs through the town center, has transformed San Lucas into a 4 km corridor where there are restaurants, shops, furniture stores, convenience centers and five commercial spaces.
Spectrum has announced that they will build a shopping center in Colombia in 2013, which in its first phase will measure 32 thousand square meters.
The developer is part Guatemalan Pantaleon Group, and now aims to follow "the success of its three shopping centers located in Guatemala: Miraflores, located in Zone 11, Oakland Mall, Zone 10, and Portales, zone 17, and in Honduras: Cascadas Mall, which together attract over 32 million visitors a year. "
Between kilometre 4 and 8.5 on the road to Guatemala City Atlantic there is a proliferation of malls.
The commercial hubs of Portales, Walmart and Metronorte are located at kilometer 4, Plaza San Rafel and Commercial del Norte at kilometre 7.5, and from November 15 the Centra Norte will be added to the list, consisting of a public transport terminal and mall.
In Muxbal, between markers 10k and 13k from the old road to El Salvador, three new shopping centers will soon be opened.
Elperiodico.com.gt reports that " Grupo Pucom is building the ‘Vista a Muxbal’ complex at kilometer 9.5; Grupo Tir is developing Minuto Muxbal at kilometre 13, while MU Inmobiliaria (Mauricio Urruela) is constructing Shops at Muxbal at kilometer 13.5. '
Trinity Real Estate Corporation has invested $13 million in a new shopping center at a point of convergence for producers in southern Mexico and western Guatemala.
Coatepeque, with 125 thousand inhabitants, is now a major shopping destination, in which producers converge in southern Mexico and western Guatemala. Therefore, Trinity Real Estate Corporation has invested $13 million (Q100 million) in a new mall.
Metroproyectos have announced the expansion of Plaza Americas and Metroplaza Jutiapa, with investments of $21 and $14 million respectively.
Expansion work at Plaza Americas includes 71 new shops and parking areas for more than 2,100 vehicles.
For the works on the new shopping center Metroplaza Jutiapa, $14 million will be spent. According to Duran Castillo, corporate marketing manager at Megaprojects, the mall is unique in its category having a one hundred kilometre radius.
A group of Guatemalan businessmen led by Fernando Paiz, intend to use the idea of associating a passengers transfer center with a shopping center, something which has already been done in Panama.
"The business model of merging a transport terminal which provides sufficient human traffic with a large commercial center, and at the same time satisfies the purchasing needs of travelers who pass through it, or what can be seen today at Albrook Mall and the Great Panamanian Transport Terminal, will be copied in Guatemala," reports Laestrella.com.pa.
The Expo-Decore mall, due to open in November, will have an area of more than 24,000 m2 and will be dedicated to all aspects of home decoration and furnishings.
The architect Roberto Roesch, real estate developer of Expo-Decore, said the mall will be ready in November and will cover more than 24,000 m2 of commercial space on nine hectares of land, with a further 6,000m2 to be added during the second phase of construction, reads an article on Elperiodico.com.gt.
With an investment of 3 million, Calidad Inmobiliaria will open the Paseo Carnival Mall .
Located at kilometer 162 of the CA-2, the mall in its first phase is more than 8 thousand square meters large.
"The complex has anchor stores such as the supermarket La Barata, the Megapaca and the appliance store El Gallo más Gallo, as well as 70 shops, a financial center with 4 banks and 20 kiosks", noted an article on Cnn.com.gt
The international chain has opened a new 10-screen cinema in the Portales mall.
Miguel Mier, chief operating officer at Cinépolis, said the complex has capacity for 1757 people, and includes a screen with XE Macro technology, which cost $850,000.
"We trust our partner, property developer Spectrum, to continue our expansion in Guatemala," said Mier.
With an investment of $5 million, the first phase in the construction of the ‘La Isla’ mall will be inaugurated in April 2012 in Cuilapa, Santa Rosa.
The mall will house 20 commercial premises, a petrol station, pharmacies, banks and 24 hour convenience stores that will service the roughly 10,000 vehicles that use this route daily.
"Diego Flores, sales manager of the project, explained that the main idea is for the mall is to function as a place where travelers stop to make a bank transaction, enjoy a meal or refuel."
The housing development project will require an investment of $50 million in the first year alone.
The first phase of construction of the mega development, which will incorporate residences, medical clinics, shops and offices, begins shortly.
During this first phase of Paseo Cayalá, complete construction of which will take 15 years and consist of 63 hectares, houses, shops, restaurants, jewelry stores, and barber shops, among other things will be constructed in 7.2 hectares.
Inmobiliaria Spectrum will invest $22 million in the redevelopment of the Miraflores shopping center in zone 11.
Works include the opening of 42 new stores, extending the food court and the construction of 480 parking spaces.
Completion of construction is scheduled for November, said Ramiro Alfaro, manager of Spectrum.
"The goal is to raise the amount of visitors, which currently stands at 1 million a month, and bring it up to 1.3 million a month", reported Prensalibre.com.