The other owners of the project are its anchors. Argentina-based hotel and gaming operator Ivisa will control the casino-lodging portion of the development, while grocer Lider and department-store chains La Polar and Paris will own their anchor spaces.
The partners expect to complete the casino portion of Paseo del Pacifico by the end of the year and the retail space by the close of 2009. The development will also feature a two-story parking garage.
Parque Arauco operates about 6.5 million sf of retail space throughout Latin America. The company also operates a 32% interest in Argentina-based shopping-center owner Alto Palermo.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
