By José Antonio Pérez
Puerto Peñasco is reviving real estate investment, highlighted by work begun on the new Real Center Rocky Point commercial plaza on Blvd Juarez in the Col. Lopez Portillo (approximately across from Sam’s / Aurrera and next to Imagen Oral). The 50 million peso construction project, covering an area of 8500 sq. meters, will house a Cinépolis “Mi Cine” movie theater as its main anchor.
Business leader Miguel Guevara Askar, representing the investment group behind the project, detailed Cinépolis Mi Cine is meant for cities with populations of under 100,000, and will house 5 theaters each with 750 seating capacity.
Guevara stressed 2019 is the precise moment to revive real estate investment in Puerto Peñasco as the economy has strengthened with 6% growth, along with the influx of move 1 million vehicles across the Lukeville-Sonoyta border crossing.
Guevara Askar thanked the local administration of Mayor Kiko Munro for facilitating procedures, as in approximately a year they have been able to work on installing Real Center Rocky Point. He added the new commercial plaza is expecting an opening date for the end of June of this year.
Mayor Kiko Munro made assurances Puerto Peñasco is making firm strides in progress through investments such as this.