Yucatan's Capital Builds on Cultural Allure with Second Phase of Art District
Merida's Arts District expands with a $67M investment, adding commercial space, a hotel, and a park, aiming to boost the city's economy and culture.
A $67 million expansion is underway in Mérida's burgeoning Arts District, signaling strong investor confidence in the Yucatan Peninsula's economic and cultural development. The project, spearheaded by Grupo López-Rosa, will add a significant 10,000 square meters of commercial space, a 120-room hotel under IHG's Voco brand, and a one-hectare public park to the district.
The expansion's groundbreaking, marked by a symbolic laying of the first stone by Governor Joaquín Díaz Mena, underscores the project's ambition to transform the northern part of Mérida into a cultural and economic hub. "The initiative combines private investment with social development, boosting the growth of Mérida," Díaz Mena stated, highlighting the project's dual focus on economic development and community enrichment. "With this advance, the complex is shaping up as a pole of innovation and art in the region with a total investment of more than 82 million pesos."
