Puerta de Hierro (Mexico)
Puerta de Hierro (Spanish pronunciation: [ˈpwerta ðe ˈʝero]) ("The Iron Gate" in English) is an affluent neighborhood in Zapopan, Mexico as part of the Metropolitan Area of Guadalajara. It was developed through a joint venture by the Leaño family, owners of the Universidad Autónoma de Guadalajara and the Gómez Flores family, owners of GIG, Minsa, Grupo Geo and Dina.
The neighborhood is located on Avenida Patria, in the west-center part of Zapopan, in the Northwest part of the Guadalajara Metropolitan Area. It sits on roughly 500 acres, and includes a residential area, shopping mall, and business district. It is notorious for its affluent population as well as the large amount of high-rise development in the business district which includes the second tallest building in the Metro Area, the Aura Altitude, surpassed only recently by the RIU Plaza Hotel in south Guadalajara. It is also home to the Centro Médico Puerta de Hierro, one of the most prestigious hospitals in the country, built using private funds and a US$14.5 million loan from the International Finance Corporation, the private sector lending arm of the World Bank.
The best known attraction is the Centro Comercial Andares, a high-end shopping mall located in the southeastern edge of the neighborhood. Andares is one of the most exclusive shopping centers in the world: a US$530 million complex, featuring some of the best known brands in the world, such as Louis Vuitton, Burberry, Dolce & Gabbana, Dior, Salvatore Ferragamo, Swarovski, and Lacoste. As part of the complex, Andares includes a Ritz-Carlton Hotel, luxury residencies designed by Mexican architect Juan Sordo Madaleno, as well as both Ferrari and Maserati dealerships.
Since the opening of Andares in December 2008, and based on those investments as well as other developments, the property value has been increasing to prices never seen before in the Metro Area, a continuous trend expected to grow even more. The price of land averages over US$1,000 per square meter, and the apartments range in prices from US$300,000 to US$2,000,000.
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