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Cinema & LeisureDepartment Store AnchorsNational ChainsFamily EntertainmentQuick-Service Dining

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Ultra-Luxury PositioningSmall Format RetailBudget Brands

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Centro Comercial El Edén, located in the Kennedy locality of southwest Bogotá at the intersection of Avenida Boyacá and Calle 13, represents Colombias largest shopping center with approximately 315000 square meters built across three levels, including 67000 square meters of gross leasable area (GLA) in its initial phase opened in 2019. It features 357 commercial spaces, eight anchor stores, seven semi-anchors, a food court, and nine cinema screens operated by Viziona, emphasizing a retailment model that integrates shopping with extensive entertainment options such as extreme sports attractions, family activities, sports facilities like soccer fields, and community events.

The tenant mix balances national and international brands, with over 43000 square meters pre-committed to affordable retailers targeting middle-income consumers, including fashion, electronics, dining, and leisure categories.

Market position is strong in the metropolitan southwest area, drawing from a 2.6 million population influence zone where 72 percent are in socioeconomic strata 3 and 4, projecting 1.3 million monthly visitors initially.

Leasing advantages include high visibility from a one-kilometer facade on major avenues, pet-friendly policies, 1896 covered parking spots, and LEED certification for sustainability, potentially lowering operational costs. However, rent levels in Bogotas retail market average around USD 25-35 per square meter monthly for prime spaces, varying by location and tenant type per Colliers reports.

Operational quality benefits from management by Construcciones Planificadas under the Luis Carlos Sarmiento Angulo organization, ensuring robust infrastructure. Drawbacks involve potential traffic congestion on access routes during peak hours and competition from nearby centers like Plaza de las Américas, though its scale and entertainment focus differentiate it.

Overall, it offers solid footfall potential but requires evaluation of category saturation in apparel and food sectors amid Bogotas stable 95 percent average mall occupancy as of Q2 2024.

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Hours of Operation

Hours

Checking...
Monday08:00 AM — 10:00 PM
Tuesday08:00 AM — 10:00 PM
Wednesday08:00 AM — 10:00 PM
Thursday08:00 AM — 10:00 PM
Friday08:00 AM — 10:00 PM
Saturday08:00 AM — 10:00 PM
Sunday08:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Av. Boyacá #12B-48, Bogotá, Colombia

Insights

Demographics and Footfall

The primary trade area for Cc El Edén encompasses 2.6 million residents in southwest Bogotá and nearby municipalities like Madrid and Mosquera, with 72 percent in socioeconomic strata 3 and 4, indicating a middle-class profile focused on value-oriented shopping and family outings. Initial projections estimated 1.3 million monthly visitors, supported by its entertainment-driven design that attracts diverse age groups, including families and youth. Recent market data from retail reports suggest sustained footfall growth post-pandemic, bolstered by community events and sports facilities, though economic pressures on middle strata may impact discretionary spending. This demographic supports retailers in affordable fashion, casual dining, and leisure, but saturation in these categories could limit niche opportunities.

Tenant Mix and Occupancy

Cc El Edén hosts a balanced tenant mix with national chains like Éxito and international brands in fashion, electronics, and dining, complemented by 43 percent of space dedicated to food and beverage options including quick-service and sit-down restaurants. As of 2022, occupancy reached 75 percent in its first phase, aligning with Bogotas overall 95 percent mall vacancy stability per Colliers Q2 2024 report. Strengths include anchor tenants driving traffic and entertainment anchors like cinemas enhancing dwell time, but weaknesses arise from potential over-reliance on mid-tier brands amid market saturation. Lease terms typically involve base rents of USD 25-35 per square meter plus percentage of sales, with incentives for long-term commitments; risks include slower fill rates for smaller spaces if footfall underperforms expectations.

Accessibility and Market Risks

Prime accessibility via Avenida Boyacá and Calle 13 provides direct connections from north, south, east, and west Bogotá, with 1896 covered parking spots, bike facilities, and pet-friendly access improving convenience. Public transit integration includes proximity to TransMilenio trunk lines, facilitating high-volume pedestrian traffic. However, challenges include heavy congestion on these major arteries during rush hours and ongoing infrastructure developments that may temporarily disrupt access. In the competitive southwest retail landscape, it faces rivalry from established malls like Gran Estación, potentially pressuring rent negotiations. Aging infrastructure is minimal given its recent opening, but broader market factors like inflation and e-commerce growth pose risks to physical retail performance, necessitating strong digital integration for tenants.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
134,000
Year Built
2019
Parking Spaces
3000
Average Monthly Footfall
833,333
Owner
Bienes y Comercio
Anchor Tenants
IMAX Cinema, Éxito, Falabella (estimated)

Detailed Market Analytics

Primary Catchment Area
5 km Radius
Secondary Catchment Area
20 km Radius
Catchment area population
2,500,000 People
Population growth rate
1.2 %
Median age
31 Years
Household size
3.1 Persons
Education level (tertiary)
28.0 %

Median household income
3,500,000 COP/month
Unemployment rate
8.5 %
Cost of living index
45 Index (NY=100)

Retail spending per capita
1,200 USD/year
Spending on apparel
250 USD/year
Spending on groceries
450 USD/year
Spending on electronics
150 USD/year

Annual foot traffic
10,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
2,500 USD

Number of retail stores
350 Stores
Competitor density (same category)
3 Malls/km²
Tenant diversity
High Level
Unique Concepts
20.0 %

Gross Leasable Area
134,000 m²
Number of Levels
4 Levels
Average rent per square meter
50 USD/month
Vacancy rate
5.0 %
Lease term flexibility
Medium Level
Available retail space
6,700 m²

Proximity to main roads
Direct Access
Public transport access
High Level
Parking spaces
3,000 Spaces
Pedestrian traffic
Moderate Level

E-commerce competition
High Level
Click-and-collect adoption
40.0 %
Internet penetration
75.0 %

Retail crime rate
Low Level
Security measures
Advanced Level

Promotional events
50 Events/year
Loyalty program penetration
30.0 %
Digital signage presence
High Level

Projected foot traffic growth
5.0 %
New tenant pipeline
20 Tenants
Mall expansion plans
Ongoing Status
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