X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-A Mexican developer plans to build a $40 million convention center in Tijuana in 2004 in the industrial Otay Mesa area.

The first phase will include 150,000 sf of convention space, a 300-room hotel and a 9-hole golf course on a site less than two miles from the U.S. border, according to developer Federico Escobedo Garduño, who unveiled the project this week at the Camino Real Hotel.

Tijuana has been hard hit in recent months by cutbacks at maquiladora plants and a drop in tourism as a result of Sept. 11-related tighter security at U.S. border crossings.

City officials have long pressed for a convention center in Tijuana, one of Mexico’s largest cities. The city can currently handle conventions of only 2,000 people, according to Sigfrido Pineda, director of the city’s Conventions and Visitors Committee.

The new center, on a large parcel known as La Pechuga, will be able to accommodate more than 4,000 convention-goers.

Long-range plans call for a shopping center, entertainment center, a residential zone, tennis courts and two parking towers. The convention space could be expanded to 500,000 sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.