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Post by jabberwocky on Nov 15, 2016 15:44:48 GMT -5
One thing I noticed last week was the decrease in the number of construction cranes I saw in Poblado, Envigado , there are still some but not as many as last year - Sabaneta still has a lot of buildings going up however. Many of the larger commercial projects in Poblado seem to be finished or are finishing up - although a very large one under construction on ave Poblado just south of the Santa Fe mall. Not sure if there is a slowdown in Bogota also - maybe someone from there can chime in.
They have finished the Milla de Oro complex where they have relocated the Hard Rock Cafe - a bit of USA central - have the Hard Rock, a Krispy Kreme and Starbucks - all places I don't frequent in the States - the Starbucks had a line 20 people deep out the door Friday night - the rest of the retail space was pretty empty - a Beer palce uptairs - don't quite get it - the la Strada is a block - it is fairly new and pretty empty - why the need for more retail and restaurant space when they can't fill what is already there - however in el Hueco - almost every inch is filled with some little store - so I guess the lower and middle class are still buying stuff at a good pace.
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Post by Deleted on Nov 15, 2016 16:08:08 GMT -5
One thing I noticed last week was the decrease in the number of construction cranes I saw in Poblado, Envigado , there are still some but not as many as last year - Sabaneta still has a lot of buildings going up however. Many of the larger commercial projects in Poblado seem to be finished or are finishing up - although a very large one under construction on ave Poblado just south of the Santa Fe mall. Not sure if there is a slowdown in Bogota also - maybe someone from there can chime in. They have finished the Milla de Oro complex where they have relocated the Hard Rock Cafe - a bit of USA central - have the Hard Rock, a Krispy Kreme and Starbucks - all places I don't frequent in the States - the Starbucks had a line 20 people deep out the door Friday night - the rest of the retail space was pretty empty - a Beer palce uptairs - don't quite get it - the la Strada is a block - it is fairly new and pretty empty - why the need for more retail and restaurant space when they can't fill what is already there - however in el Hueco - almost every inch is filled with some little store - so I guess the lower and middle class are still buying stuff at a good pace. There does seem to be more than ample space for retail and offices. And with all the large malls in and around Poblado they are building the biggest mall in Envigado-5 minutes one way you have Mayorca, 5 minutes the other Oviedo, Santa Fe,tesoro, premium plaza, San Diego, etc.
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Post by livinginmedellin on Nov 16, 2016 7:05:01 GMT -5
Yes there is ample commercial space in El Poblado - Centro Comerical Rio Sur across from Oviedo mall still has vacancies after a few years. But they have kept building commercial space in El Poblado chasing the high incomes in estrato 6. But there are vacancies in some buildings that they will likely have a difficult time filling.
El Poblado represents less than 5% of the households in the city so there are opportunities in other parts of the metro. They are finally building a huge mall in Envigado, which is a municipality that has nearly twice the population of El Poblado. Envigado currently only has the small, poorly located City Plaza mall.
They are still building apartments in El Poblado - over 40 new apartment projects are listed in the Informe Inmobiliario property magazine - some are completed, some are under construction and some haven't broken ground yet.
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Post by jabberwocky on Nov 16, 2016 7:45:51 GMT -5
I would think a giant new mall in Envigado will suck customers away from Oviedo, Santa Fe and the recently expanded Mayorca mall, how they all survive not sure, what's needed is higher wages for the average Paisa so they can afford to shop there, What Envigado needs is a couple of hotels .
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Post by livinginmedellin on Nov 16, 2016 8:32:16 GMT -5
I would think a giant new mall in Envigado will suck customers away from Oviedo, Santa Fe and the recently expanded Mayorca mall, how they all survive not sure, what's needed is higher wages for the average Paisa so they can afford to shop there, What Envigado needs is a couple of hotels . Yes that new Envigado mall when it opens will likely suck customers away from Oviedo, Santafe and Mayorca. But it may impact Mayorca more as I suspect many of its customers are coming from Envigado. With the exception of Puerta del Norte mall in Bello that is a very big mall, all the very big malls in Medellín will be in El Poblado, Envigado and Sabaneta: Santafe, Oviedo, Premium Plaza, El Tesoro, Mayorca and the new Envigado mall they are building. That will be 6 very big malls supporting an area with only about 11% of the population in the entire metro that is found in El Poblado, Envigado and Sabaneta. There is probably opportunity elsewhere - for example, Belen only has Los Molinos mall that is packed on the weekends and Belen has almost double the population of El Poblado.
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Post by Deleted on Nov 16, 2016 9:20:12 GMT -5
I would think a giant new mall in Envigado will suck customers away from Oviedo, Santa Fe and the recently expanded Mayorca mall, how they all survive not sure, what's needed is higher wages for the average Paisa so they can afford to shop there, What Envigado needs is a couple of hotels . Yes that new Envigado mall when it opens will likely suck customers away from Oviedo, Santafe and Mayorca. But it may impact Mayorca more as I suspect many of its customers are coming from Envigado. With the exception of Puerta del Norte mall in Bello that is a very big mall, all the very big malls in Medellín will be in El Poblado, Envigado and Sabaneta: Santafe, Oviedo, Premium Plaza, El Tesoro, Mayorca and the new Envigado mall they are building. That will be 6 very big malls supporting an area with only about 11% of the population in the entire metro that is found in El Poblado, Envigado and Sabaneta. There is probably opportunity elsewhere - for example, Belen only has Los Molinos mall that is packed on the weekends and Belen has almost double the population of El Poblado. 11% of the population but % of the income and wealth. Most of the people in Medellin cannot afford to shop at upscale malls.
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Post by wildstubby on Nov 16, 2016 10:23:48 GMT -5
What the city really needs is security!!! I know it isn't any difference than some of the big towns in the US. But we don't have gangs on motos riding around and robbing you of your cash, phone, belongings, while riding in a cab! I have to admit I was leary of walking the steets of Itagüi and Sabaneta but my amiga didn't have a problem. I suspect in the middle of the night it would be a different story. I try not to let my defenses down, because when I do, that is when I'll get hit!
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Post by jabberwocky on Nov 16, 2016 10:56:59 GMT -5
Don't forget el Hueco in Centro , While most ricos would not be caught dead there , many from the middle to lower class shop there, there are thousands of stores . Almost all very small, but if you know what what you are looking for and wear to find it there can be some very decent prices, the wife shops there for certain clothes , and some jewelry , she shops in Itagui for jeans , many of these small local stores offer payments on clothing , makes it more affordable for the average Paisa, The wife only shops the big malls when I am buying,
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Post by livinginmedellin on Nov 16, 2016 11:17:35 GMT -5
Yes that new Envigado mall when it opens will likely suck customers away from Oviedo, Santafe and Mayorca. But it may impact Mayorca more as I suspect many of its customers are coming from Envigado. With the exception of Puerta del Norte mall in Bello that is a very big mall, all the very big malls in Medellín will be in El Poblado, Envigado and Sabaneta: Santafe, Oviedo, Premium Plaza, El Tesoro, Mayorca and the new Envigado mall they are building. That will be 6 very big malls supporting an area with only about 11% of the population in the entire metro that is found in El Poblado, Envigado and Sabaneta. There is probably opportunity elsewhere - for example, Belen only has Los Molinos mall that is packed on the weekends and Belen has almost double the population of El Poblado. 11% of the population but % of the income and wealth. Most of the people in Medellin cannot afford to shop at upscale malls. Yes but some other areas also have some income and wealth. Laureles/Estadio is the second wealthiest comuna in the city with about 65% estrato 5 homes and has about the same population as El Poblado and they only have that old Unicentro mall and the small Viva mall. La America west of Laureles is mainly estrato 4/5 and there isn't even a single Western style mall there with a population of about 100,000.
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Post by Deleted on Nov 16, 2016 13:41:21 GMT -5
Yes but some other areas also have some income and wealth. Laureles/Estadio is the second wealthiest comuna in the city with about 65% estrato 5 homes and has about the same population as El Poblado and they only have that old Unicentro mall and the small Viva mall. La America west of Laureles is mainly estrato 4/5 and there isn't even a single Western style mall there with a population of about 100,000. Yes, their is some money in Laureles. My wife had many family members living there at one time but all have moved away because in their opinion it was a declining area. Some moved to Poblado but most now have homes in llano grande. I think some would argue that there has been a resurgence in the area, but that may be more of pump from the First American Realty crowd. I think if there was a profitable opportunity for a large mall in Laureles that it would be built. Personally I think the problem is that a large mall there would be unlikely to draw customers from the surrounding areas because the areas surrounding Laureles are a little rough.
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Post by Deleted on Nov 19, 2016 7:08:57 GMT -5
Many people who are living (or lived) in Medellin are now looking to El Oriente (Rionegro, La Ceja, Carmen or El Retiro). The amount of new construction up here is reminiscent of what's happening in Medellin over the last 10 years. With the opening of the new El Oriente tunnel, things will only get more crowded in Rionegro and the surrounding pueblos and parcelaciones.
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Post by elexpatriado on Nov 19, 2016 7:42:04 GMT -5
I would think a giant new mall in Envigado will suck customers away from Oviedo, Santa Fe and the recently expanded Mayorca mall, how they all survive not sure, what's needed is higher wages for the average Paisa so they can afford to shop there, What Envigado needs is a couple of hotels . For higher wages you need real economic growth, not just "speculation"
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Post by Deleted on Nov 19, 2016 8:03:14 GMT -5
Many people who are living (or lived) in Medellin are now looking to El Oriente (Rionegro, La Ceja, Carmen or El Retiro). The amount of new construction up here is reminiscent of what's happening in Medellin over the last 10 years. With the opening of the new El Oriente tunnel, things will only get more crowded in Rionegro and the surrounding pueblos and parcelaciones. I remember driving from the airport to Medellin 11 years ago, it was alot more dangerous but a very beautiful drive. Maybe in another 10 years it will just be the new Centro.
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Post by jabberwocky on Nov 19, 2016 8:35:01 GMT -5
For some reason maybe I am a little dim on this - but where is the tunnel starting from on the Medellin side? Somewhere off las Palmas? Or a completely new route? Watched a couple of Youtube videos on it but still not sure.
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Post by coolcoil on Nov 19, 2016 9:40:26 GMT -5
For some reason maybe I am a little dim on this - but where is the tunnel starting from on the Medellin side? Somewhere off las Palmas? Or a completely new route? Watched a couple of Youtube videos on it but still not sure. It will intersect the via Las Palmas, the road you take to the airport. The interchange will be just after the horseshoe curve that is up the hill past the Hotel Intercontinental. I took a screenshot from a presentation recorded on Youtube and attached it here. You can see the video that shows the whole route here: Attachments:
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Post by jabberwocky on Nov 19, 2016 12:24:24 GMT -5
Ok got it, looks like once you exit tunnel coming from Medellin the road will be new heading to Rio Negro, now the question is , any new routes to get to tunnel or just up Las Palmas, trying to get to La s Palmas from autopista have to come up on calle 33 and navigate the intersection \ circle around ave Poblado where San Diego mall is - that can be a neck of a bottleneck
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Post by wildstubby on Nov 20, 2016 8:28:53 GMT -5
I noticed the amount of construction last time I visited Medellin. I also saw a road crew 'spraying' a type of product on barren hillside land in an effort to prevent erosion I suspect. Crownvetch would do wonders and probably would thrive there but I guess they, (the Colombians) would hedge, (pun intended) on using a non-native species.
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Post by coolcoil on Nov 20, 2016 13:03:17 GMT -5
Ok got it, looks like once you exit tunnel coming from Medellin the road will be new heading to Rio Negro, now the question is , any new routes to get to tunnel or just up Las Palmas, trying to get to La s Palmas from autopista have to come up on calle 33 and navigate the intersection \ circle around ave Poblado where San Diego mall is - that can be a neck of a bottleneck I am not aware of any new routes to get to that point on Las Palmas. You do have other options now, like Calle 10. The circle at San Diego can be a pain, but they could make that flow a lot better at little cost by widening the areas used for pick up and drop off in front of the mall on both sides of the via.
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Post by coolcoil on Nov 20, 2016 13:06:18 GMT -5
I noticed the amount of construction last time I visited Medellin. I also saw a road crew 'spraying' a type of product on barren hillside land in an effort to prevent erosion I suspect. Crownvetch would do wonders and probably would thrive there but I guess they, (the Colombians) would hedge, (pun intended) on using a non-native species. Another problem is that these hillsides have little or no topsoil, often due to erosion or more likely part of the hillside already having collapsed. Crown Vetch needs to have decent soil to thrive. It doesn't have to be deep, but you need a couple of inches. It also occurs to me that you may have seen them hydroseeding, in which a sticky mix of grass seed and fertilizer is sprayed on a hillside. It's a common procedure in the US.
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Post by wildstubby on Nov 20, 2016 18:31:14 GMT -5
Could have been. It was brown and almost the consistency of a spray foam they use to fireproof buildings.
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Post by ozgringo on Nov 25, 2016 0:37:12 GMT -5
When i was living in Cartagena (2013 - 2015) I was impressed with the amount of construction going on. Then I moved back to Sydney were I am witnessing apartment construction on a completely different level. Let alone infrastructure projects. + the talk above about tunnels. Sydney would already have atleast 10 tunnels at the moment wth three significant ones currently under construction. NorthConnex- 9km (under construction) en.wikipedia.org/wiki/NorthConnexNorth West Rail Link (under construction) 36 km (22 mi), open 2019 en.wikipedia.org/wiki/Sydney_Metro_NorthwestWestConnex (Sydney, road 33 km (21 mi)) (under construction) en.wikipedia.org/wiki/WestConnexAnd a second Sydney harbour tunnel about to start. www.sydneymetro.info/article/city-southwest-tunnel-builders-shortlistedDon't get me wrong I welcome construction in Colombia. Can't see where Colombia can compete with first would countries down the line apart from cheap labor. Colombia is moving further and furthur behind countries like Australia.
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