Located at kilometer 162 of the CA-2, the mall in its first phase is more than 8 thousand square meters large.
"The complex has anchor stores such as the supermarket La Barata, the Megapaca and the appliance store El Gallo más Gallo, as well as 70 shops, a financial center with 4 banks and 20 kiosks", noted an article on Cnn.com.gt
Project developers are planning a future expansion which includes the construction of homes and corporate buildings.
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Work on the expansion of the Miraflores Commercial Center will be completed by the end of 2009, and will provide 6 thousand square meters in commercial space.
Currently, there are 240 stores and there will be 25 more with this expansion.
During the construction of the works, it is estimated that it will generate 300 or 400 jobs, both directly and indirectly, and once completed there will be 250 permanent jobs.
Inmobiliaria Spectrum, project developer, based in zone 17 in Guatemala Capital, plans to begin construction in November 2009.
Sigloxxi.com reports: "The opening is scheduled to coincide with the 2010 Christmas season, and will provide direct and indirect jobs to some 1,200 or 1,400 persons.
Trinity Real Estate Corporation has invested $13 million in a new shopping center at a point of convergence for producers in southern Mexico and western Guatemala.
Coatepeque, with 125 thousand inhabitants, is now a major shopping destination, in which producers converge in southern Mexico and western Guatemala. Therefore, Trinity Real Estate Corporation has invested $13 million (Q100 million) in a new mall.
With an investment of $45 million Inmobiliaria Spectrum will build the Portales Shopping Mall.
Located in zone 17, the mall expects to open by year's end.
"Portales has a similar format to the other complexes developed by Spectrum (Miraflores and Oakland Mall), it will have ten cinema screens by the Cinepolis chain and the “anchor” stores will be Figally and Cemaco.