<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="21.038305" data-lng="-89.602344" data-map-catchment-data-value="{&quot;lat&quot;:&quot;21.038305&quot;,&quot;lng&quot;:&quot;-89.602344&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:500000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km radius&quot;,&quot;description&quot;:&quot;Estimated primary trade area within 10 km of the mall&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;50 km radius&quot;,&quot;description&quot;:&quot;Estimated secondary trade area extending to 50 km&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;500,000 People&quot;,&quot;description&quot;:&quot;Estimated total population in primary and secondary catchment areas based on Mérida metro data&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.8&quot;,&quot;description&quot;:&quot;Annual population growth rate for Mérida from 2010-2020 census data&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Estimated median age for Mérida residents, aligned with regional demographics&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.5 Persons&quot;,&quot;description&quot;:&quot;Average household size in Mérida based on national and regional statistics&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;28.0&quot;,&quot;description&quot;:&quot;Percentage of population with bachelor&#39;s degree or higher in Mérida&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;150,000 MXN per year&quot;,&quot;description&quot;:&quot;Estimated median annual household income in Mérida catchment, derived from average wage data&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;3.5&quot;,&quot;description&quot;:&quot;Estimated unemployment rate for Mérida, based on Yucatán regional averages&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;80 Index&quot;,&quot;description&quot;:&quot;Cost of living index for Mérida relative to Mexico City (100)&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;100,000 MXN per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Mérida based on national retail market data&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;15,000 MXN per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on apparel in regional context&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;40,000 MXN per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on groceries in Mérida households&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;8,000 MXN per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on electronics, adjusted for income levels&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;2,500,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors based on mall size and regional traffic patterns&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;2 Hours&quot;,&quot;description&quot;:&quot;Average dwell time per visit, typical for class A malls in Mexico&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;8,000 USD per sq m per year&quot;,&quot;description&quot;:&quot;Estimated annual sales per square meter based on occupancy and market reports&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;80 Stores&quot;,&quot;description&quot;:&quot;Estimated number of retail units in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Strong anchor tenants ensuring baseline traffic as per market reports&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;4 Malls&quot;,&quot;description&quot;:&quot;Number of competing malls in the Mérida area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Index&quot;,&quot;description&quot;:&quot;Diverse tenant mix including retail, dining, and services&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;12 Concepts&quot;,&quot;description&quot;:&quot;Number of unique or specialty retail concepts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;26,650 Sq m&quot;,&quot;description&quot;:&quot;Total gross leasable area converted from 286,996 sq ft&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Estimated number of shopping levels in the mall&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;450 USD per sq m per year&quot;,&quot;description&quot;:&quot;Estimated average annual rent based on Yucatán class A mall rates&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;12.0&quot;,&quot;description&quot;:&quot;Estimated vacancy rate, aligned with 85-90% occupancy for class A malls&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Terms&quot;,&quot;description&quot;:&quot;Standard lease terms with some flexibility for key tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;3,000 Sq m&quot;,&quot;description&quot;:&quot;Estimated available leasable space based on vacancy&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High Access&quot;,&quot;description&quot;:&quot;Excellent connectivity to major roads in Mérida&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good Score&quot;,&quot;description&quot;:&quot;Access via local buses and proximity to transport hubs&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,300 Spaces&quot;,&quot;description&quot;:&quot;Total parking capacity for vehicles&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Moderate Traffic&quot;,&quot;description&quot;:&quot;Level of surrounding pedestrian flow&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Strong e-commerce penetration impacting physical retail in Mexico&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;35.0&quot;,&quot;description&quot;:&quot;Estimated adoption rate for click-and-collect services in malls&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;80.0&quot;,&quot;description&quot;:&quot;Percentage of population with internet access in Mérida&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Rate&quot;,&quot;description&quot;:&quot;Mérida noted as one of Mexico&#39;s safer cities with low retail theft&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Advanced Measures&quot;,&quot;description&quot;:&quot;Comprehensive security including surveillance and personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;24 Per year&quot;,&quot;description&quot;:&quot;Estimated number of promotional and seasonal events&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;45.0&quot;,&quot;description&quot;:&quot;Estimated percentage of customers enrolled in loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital signage implemented throughout the mall&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Projected annual growth in foot traffic from market insights&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Pipeline&quot;,&quot;description&quot;:&quot;Active recruitment of new tenants&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;nan Plans&quot;,&quot;description&quot;:&quot;No current expansion plans reported&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:4899,&quot;slug&quot;:&quot;plaza-la-isla-merida&quot;,&quot;name&quot;:&quot;Plaza La Isla Mérida&quot;,&quot;lat&quot;:&quot;21.0236&quot;,&quot;lng&quot;:&quot;-89.6428&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza La Isla Mérida, located on the northern outskirts of Mérida, Yucatán, Mexico, is a prominent open-air lifestyle and entertainment complex developed by GICSA as part of the Cabo Norte mixed-use project. Opened in November 2018, it spans approximately 57,946 square meters of gross leasable area (GLA) and houses around 180 stores, positioning it as the largest mall in Mexicos southeast region. The tenant mix emphasizes fashion, lifestyle, and entertainment, with anchor tenants including Liverpool department store, Zara, H\u0026M, Sephora, and international brands in sportswear and technology. Dining options range from casual eateries to upscale restaurants, complemented by a 12-screen Cinépolis cinema, an artificial lake offering boat rides, and a theme park attraction that drives experiential footfall. Accessibility is facilitated by proximity to the Periférico ring road and public transport, though its peripheral location may pose challenges for central Mérida residents. The surrounding area features growing affluent suburbs with a demographic profile of middle-to-upper-income families, young professionals, and increasing expat communities, supported by Méridas metro population exceeding 1.2 million in 2024. Market reports indicate robust retail growth in Yucatán, with overall sales up 3-8% year-over-year in 2024-2025, driven by tourism and infrastructure like the Tren Maya rail. Occupancy stands at around 92%, reflecting strong demand, while average rents hover at 15-20 USD per square foot annually, competitive within the region. Leasing advantages include high visibility, diverse traffic from shoppers and tourists, and promotional synergies with entertainment elements; however, potential drawbacks encompass intensifying competition from nearby malls like Plaza Altabrisa and emerging projects, as well as vulnerability to economic fluctuations affecting discretionary spending. Operational quality is high with modern infrastructure, but aging access roads could impact logistics. Overall, it offers solid performance metrics in a expanding market, balanced against saturation risks in northern Mérida.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mérida&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool, Cinépolis, Zara&quot;,&quot;distance&quot;:4.51,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;60459&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool, Cinépolis, Zara&quot;}},{&quot;id&quot;:5902,&quot;slug&quot;:&quot;plaza-town-square-6&quot;,&quot;name&quot;:&quot;Plaza Town Square&quot;,&quot;lat&quot;:&quot;21.0363287&quot;,&quot;lng&quot;:&quot;-89.6061337&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Town Square is a mixed-use retail center at Calle 23, Colonia San Ramón Norte, Mérida, Yucatán, Mexico 97117, integrating commercial spaces with residential and office components in a 14-story development. It includes boutiques, restaurants like Gypsea Market and Parador 33, fitness facilities, and services, forming a tenant mix focused on convenience retail and dining for daily needs. Located adjacent to City Center Mérida, it captures spillover from that larger open-air mall anchored by Walmart and featuring 100 shops. In Mérida&#39;s fast-growing north peripheral zone, the property benefits from excellent accessibility via multiple ring road exits, serving a local market with expanding residential density. Leasing opportunities emphasize flexible spaces from 16 m² kiosks to 144 m² units at rents around 350 MXN per m² monthly plus IVA, below regional averages of 400 MXN, with estimated 90% occupancy reflecting Yucatán&#39;s robust retail sector growing at 7% in sales for 2025. Demographic drivers include middle-income families and professionals, supporting steady footfall of 1,000-3,000 daily visitors, augmented by on-site living and working synergies. Drawbacks involve intense competition from nearby premium malls like La Isla Mérida, boasting 10 million annual visitors and diverse anchors, potentially diverting higher-end shoppers. Additional challenges encompass category saturation in food services and vulnerability to Mérida&#39;s seasonal tourism fluctuations, where 30% of regional retail traffic links to visitors, alongside humid climate impacts on operations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mérida&quot;},&quot;anchor_tenants&quot;:&quot;Gypsea Market, Local Retailers&quot;,&quot;distance&quot;:0.45,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Gypsea Market, Local Retailers&quot;}},{&quot;id&quot;:1735,&quot;slug&quot;:&quot;plaza-altabrisa&quot;,&quot;name&quot;:&quot;Plaza Altabrisa&quot;,&quot;lat&quot;:&quot;21.017656&quot;,&quot;lng&quot;:&quot;-89.584435&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Altabrisa is an established indoor shopping center in northern Mérida, Yucatán, opened in 2009, spanning over 100,000 square meters with more than 200 stores. It serves as a key retail hub in the growing Altabrisa neighborhood, attracting middle- to upper-middle-class families and local professionals through its diverse tenant mix. Major anchors include Sears department store and Soriana supermarket, complemented by international fashion brands like H\u0026M and Pull\u0026Bear, beauty retailer Sephora, electronics from Steren, and local apparel options. Dining features a food court with 25 outlets and full-service restaurants such as Chili&#39;s, P.F. Chang&#39;s, Italianni&#39;s, Fuddrucker&#39;s, and IHOP, catering to varied preferences. Entertainment amenities encompass VIP cinemas, bowling alleys, arcades, and a gym, enhancing dwell time. The property offers parking for over 3,000 vehicles, including 1,600 covered spaces. In Mérida&#39;s competitive retail market, it holds a solid position among originals like Gran Plaza, though it faces pressure from newer developments such as La Isla Mérida (180+ stores, opened 2018) and Galerías Mérida. Occupancy remains high at approximately 90%, supported by stable local demand in the northern corridor, which benefits from urban expansion and proximity to residential enclaves. Leasing advantages include consistent footfall estimated at 4-5 million annual visitors, with peaks on weekends and evenings, driven by family-oriented events and accessibility via the Periférico ring road. However, retailers should note potential challenges from market saturation and competition for premium categories. Rent levels typically range from 350-450 MXN per square meter monthly for inline spaces, with 3-5 year terms often including escalation clauses of 5-7%. Operational quality is reliable, managed by Inmuebles Carso, but infrastructure shows signs of age compared to modern rivals, potentially requiring tenant investments in fit-outs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mérida&quot;},&quot;anchor_tenants&quot;:&quot;Sears, Soriana Hiper, Cinépolis&quot;,&quot;distance&quot;:2.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Sears, Soriana Hiper, Cinépolis&quot;}},{&quot;id&quot;:3455,&quot;slug&quot;:&quot;plaza-fiesta-merida&quot;,&quot;name&quot;:&quot;Plaza Fiesta Mérida&quot;,&quot;lat&quot;:&quot;20.99966&quot;,&quot;lng&quot;:&quot;-89.62409&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Fiesta Mérida is a single-level shopping center located at Avenida Correa Racho #400 in Mérida, Yucatán, Mexico, constructed in 1988 with a gross leasable area of 25,000 square meters. Managed by Grupo Chapur, it hosts 60 stores featuring a diverse tenant mix focused on fashion, dining, home decor, and local crafts, with anchor tenant Liverpool providing strong draw. The property benefits from high public transport access, 500 parking spaces, and moderate pedestrian traffic. Annual footfall stands at 1,500,000 visitors, averaging 125,000 monthly, with a 25% conversion rate and 45-minute average dwell time. Occupancy is robust at 95%, with 5% vacancy and 1,000 square meters available. Average monthly rent is 800 MXN per square meter, supporting annual sales of 5,000 USD per square meter. In Méridas growing retail market, the plaza holds a strong position serving a 5 km primary catchment of 500,000 residents, with 2.5% population growth and median household income of 156,000 MXN. Leasing advantages include medium-term flexibility, weekly promotions, loyalty programs reaching 20% of customers, and low crime rates enhanced by CCTV and guards. However, challenges arise from aging infrastructure needing minor renovations and high e-commerce penetration at 83%, impacting 30% of sales through click-and-collect. The centers unique local crafts and food stalls differentiate it amid competition from three similar malls per 100,000 residents, positioning it well for mid-market retailers targeting families with 3.5 average household size and 32 median age.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mérida&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool&quot;,&quot;distance&quot;:4.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool&quot;}},{&quot;id&quot;:4898,&quot;slug&quot;:&quot;the-harbor-merida&quot;,&quot;name&quot;:&quot;The Harbor Mérida&quot;,&quot;lat&quot;:&quot;21.02&quot;,&quot;lng&quot;:&quot;-89.64&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;The Harbor Mérida is an open-air lifestyle shopping center located in the northwestern part of Mérida, Yucatán, along the prominent Av. Paseo Montejo. Opened in late 2018, it spans approximately 50,000 square meters of gross leasable area (GLA) and features 120 retail spaces. The property emphasizes a blend of shopping, dining, and entertainment, with key anchors including Cinépolis cinema, Gran Chapur department store, and international brands such as Forever 21, Sephora, Steve Madden, and Innovasport. Dining options highlight upscale Mexican and international cuisine at outlets like Porfirio’s, La No. 20 Cantina, and Sonora Prime. Additional attractions include a central lake with synchronized water-fountain shows and 1,300 parking spaces, enhancing visitor experience in a modern design incorporating local Yucatecan elements. In the context of Mérida&#39;s retail market, which benefits from a population of over 1.3 million and steady growth driven by tourism, expats, and economic expansion in the southeast Mexico region, The Harbor positions itself as a premium destination targeting middle-to-upper-income demographics in the affluent northern suburbs. Occupancy rates have improved since initial years, estimated at 85-90% as of 2025, up from lower levels post-opening due to pandemic impacts. Rent levels for prime spaces range from $35-50 USD per square meter per month, competitive with other class-A centers like City Center Mérida but reflecting the lifestyle appeal. Footfall is supported by proximity to residential areas and events, with annual visitors around 3-4 million, though exact figures vary. Tenant mix is diverse, with 40% fashion and accessories, 30% dining, 15% entertainment, and 15% services, fostering synergy for retailers. Leasing advantages include flexible terms for mid-sized spaces (50-200 sqm), promotional support through mall events, and strong accessibility via major avenues. However, challenges include seasonal tourism fluctuations affecting consistent traffic and competition from nearby established malls, potentially pressuring smaller independents. Overall, it offers solid potential for brands seeking experiential retail environments in a growing market, balanced against the need for adaptive merchandising to local preferences.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mérida&quot;},&quot;anchor_tenants&quot;:&quot;Gran Chapur, Cinépolis&quot;,&quot;distance&quot;:4.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Gran Chapur, Cinépolis&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:7419,&quot;slug&quot;:&quot;plaza-la-fontana-1&quot;,&quot;name&quot;:&quot;Plaza La Fontana&quot;,&quot;lat&quot;:&quot;20.9673702&quot;,&quot;lng&quot;:&quot;-89.5925857&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza La Fontana is a modest neighborhood shopping center in the Colonia Maya area of Mérida, Yucatán, Mexico, at Calle 7 por 24. Opened in the early 2000s, it spans about 10,000 square meters with 25-30 tenants, emphasizing convenience retail and services for local residents. The tenant mix comprises a small supermarket as anchor, pharmacies, clothing stores, banks, and casual dining options like taquerias and coffee shops, with a focus on mid-tier national and local brands. Market position is as a community-oriented plaza, not competing directly with larger destinations like Gran Plaza or La Isla, but capturing daily footfall from the surrounding middle-class neighborhoods. Occupancy stands at approximately 88%, supported by stable local demand, while average rents hover between 18-24 pesos per square meter monthly, lower than city averages of 30+ for premium malls. Accessibility is strong via peripheral avenues, with ample parking for 200 vehicles, though public transport links are moderate. Footfall averages 4,000-6,000 visitors daily, driven by proximity to residential zones with 50,000+ population within 2 km. Strengths include low vacancy risks and community loyalty, fostering repeat business for lessees. Weaknesses encompass limited expansion potential, occasional infrastructure maintenance needs due to age, and exposure to Méridas competitive retail saturation from 15+ malls citywide. Demographic profile features families with average household income of 15,000-25,000 pesos monthly, aged 25-55. Leasing advantages lie in flexible terms for small-format stores (50-200 sqm), with incentives like rent-free periods for anchors. Risks involve seasonal dips in tourism-adjacent sales and rising utility costs amid Yucatáns energy market dynamics. Overall, it suits retailers targeting everyday essentials over luxury or experiential retail, with solid performance metrics per ICSC reports on regional centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mérida&quot;},&quot;anchor_tenants&quot;:&quot;Local stores, supermarket&quot;,&quot;distance&quot;:7.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local stores, supermarket&quot;}},{&quot;id&quot;:6257,&quot;slug&quot;:&quot;plaza-fiesta-americana&quot;,&quot;name&quot;:&quot;Plaza Fiesta Americana&quot;,&quot;lat&quot;:&quot;20.967&quot;,&quot;lng&quot;:&quot;-89.624&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Fiesta Americana, also known as Plaza Americana, is a compact shopping arcade integrated into the ground floor of the iconic Fiesta Americana Mérida hotel, situated in the historic heart of Mérida, Yucatán, at the intersection of Paseo de Montejo, Avenida Colón, and Avenida Cupules. Established over 30 years ago and renovated in 2018, it spans an estimated 5,000-7,000 square meters of gross leasable area (GLA), blending Porfirian architectural elements with modern retail spaces. The tenant mix emphasizes authentic Yucatecan and Mexican products, including handcrafts, artisan silver jewelry, traditional and contemporary clothing, premium Cuban cigars, a local restaurant, café, ice cream shop, and practical services such as car rentals, travel agencies, currency exchange, and a car wash. This niche positioning caters to tourists seeking cultural souvenirs and upscale locals needing convenience services, rather than mass-market retail. In Mérida&#39;s retail market, which saw 7.1% national sales growth in 2024 per INEGI reports, the plaza benefits from the city&#39;s booming tourism sector, with over 3 million annual visitors drawn to its UNESCO-recognized historic center. Accessibility is strong via underground parking with direct plaza access, proximity to major avenues, and public transport links, though traffic congestion in the colonial zone can pose challenges. Occupancy stands at approximately 85-90%, supported by the hotel&#39;s 200+ rooms generating captive footfall of around 50,000 monthly visitors, augmented by walk-ins from nearby Paseo de Montejo attractions. Rent levels average 25-35 USD per square foot annually, competitive for prime downtown locations amid Mérida&#39;s overall retail vacancy rate of 8-10% in 2025 market analyses from CBRE Mexico. Leasing advantages include stable hotel-driven traffic, low turnover due to long-term tenants, and marketing synergies with the hotel&#39;s international brand, which boasts 4.5-star ratings on platforms like TripAdvisor. However, drawbacks encompass limited expansion potential, reliance on seasonal tourism (peaking December-April), and competition from larger malls like Gran Plaza Mérida (GLA 100,000+ sqm, 95% occupancy) offering broader tenant mixes and higher footfall exceeding 1 million monthly. Market saturation in downtown retail, with aging infrastructure in some historic properties, and economic sensitivities to Yucatán&#39;s tourism dependency (contributing 15% to regional GDP) introduce risks, including fluctuating sales during off-seasons or global travel disruptions. Overall, it suits boutique retailers targeting affluent demographics but may challenge high-volume operators due to constrained space and niche focus.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mérida&quot;},&quot;anchor_tenants&quot;:&quot;Fiesta Americana Hotel, Artisan Shops&quot;,&quot;distance&quot;:8.24,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;2000&quot;,&quot;anchor_tenants&quot;:&quot;Fiesta Americana Hotel, Artisan Shops&quot;}},{&quot;id&quot;:1734,&quot;slug&quot;:&quot;gran-plaza-merida&quot;,&quot;name&quot;:&quot;Gran Plaza Mérida&quot;,&quot;lat&quot;:&quot;20.9936&quot;,&quot;lng&quot;:&quot;-89.6292&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Gran Plaza Mérida, opened in 1994, is the third-largest shopping center in Mérida, Yucatán, located in the affluent northern district along Prolongación Paseo de Montejo, near Sam&#39;s Club, Costco, and Home Depot for combined retail traffic. It encompasses over 200 stores, anchored by Liverpool and Sears department stores, Soriana supermarket, national brands in fashion (Shasa, Lefties, Caruso), electronics, jewelry, multiple banks including HSBC and Banorte, and a food court with chains like KFC, Starbucks, Subway, and local options such as Cáucasa. Entertainment features a trampoline park and kid-friendly racing, but the cinema closed in 2021 due to competition and pandemic effects, weakening that category. The property provides nearly 2,000 parking spaces, is air-conditioned, stroller-friendly, and accessible via car or public bus, though traffic in the growing northern corridor poses challenges. Market position has declined from being the city&#39;s top mall to facing saturation from larger, newer competitors like La Isla (southeast Mexico&#39;s biggest) and expanded Galerías Mérida, resulting in tenant relocations (Zara, Bershka), visible empty units, and moderated occupancy post-2020. Demographics serve middle- to upper-middle-income families and expats in northern Mérida. Leasing advantages include established anchors driving steady footfall for complementary retailers, proximity to big-box stores enhancing accessibility, and potentially flexible terms in a competitive leasing environment; drawbacks encompass reduced vibrancy, lower weekend traffic compared to peaks, and risks from aging infrastructure amid regional retail growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mérida&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool, Sears&quot;,&quot;distance&quot;:5.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;185&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool, Sears&quot;}}],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/city-center-merida" id="mall-map-wrapper"><div data-city="Mérida" data-current-mall="true" data-id="city-center-merida" data-lat="21.038305" data-lng="-89.602344" data-map-target="mall" data-name="City Center Mérida" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10 km radius</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">50 km radius</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">500,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.8</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">150,000 MXN per year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">3.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">80 Index</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">100,000 MXN per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">15,000 MXN per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">40,000 MXN per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">8,000 MXN per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">2,500,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">2 Hours</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">8,000 USD per sq m per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">80 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">4 Malls</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Index</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">26,650 Sq m</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">2 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">450 USD per sq m per year</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">12.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Access</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good Score</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,300 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Moderate Traffic</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">35.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">80.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low Rate</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Advanced Measures</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">24 Per year</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">45.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">nan Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>