A City Within a City:

A mega project is underway in Morelia, the state capital of Michoacan. According to developer Francisco Medina, the commercial component at

 “ Altozana”, will be the largest in Latin America. The centre will include a convention center and four hotels, department stores and a modern state of the art health club. Club Altozano.  Altozana includes an Olympic size swimming pool. Twenty thousand homes are scheduled to be constructed. More than 3,000 have already been sold.  There is an outdoor theatre seating 10,000 with a view of the city. It will be used for artistic, music and cultural events.  Five hundred trees have been planted at the development. Businesses in places such as Mexico City and Guadalajara will be invited to have their head offices at Altozano.  Plans for promotion to the United States and Canada are on hold pending the end of the Global Economic Crisis. Mexico’s President, Felipe Calderone inaugurated the mega project on September 29th  . While in the city, he participated in events celebrating the 245th Anniversary of the death of Morelos. He was a hero in Mexico’s struggle for independence.

Morelia has become known as “Latin America’s Illuminated City.” This is due to the nightly lighting of its XVIth Century buildings such as the majestic cathedral and its many historic monuments.

About the author: John K. Glaab is a founding member of the Mexican Association of Real Estate Professionals (AMPI) in Los Cabos, Mexico. Hehas been a member of NAR for more than 15 years and is active in the Global Business alliances Group.