Tijuana Mayor Ismael Burgueño Ruiz broke ground Wednesday on two major projects in the fast-growing Santa Fe area: the UBIQ³ Santa Fe Business Park and the Isla Catalina Vertical residential development.
City officials say the projects are expected to boost economic activity in one of Tijuana’s most rapidly expanding corridors.
“The confidence they’ve shown in Tijuana, and that they’re reaffirming today with Santa Fe Business Park, is helping create a new industrial hub in this area,” Burgueño said. With a projected investment of about 1.5 billion pesos, he added, the development signals that “growth in this city isn’t slowing down.”
A push for jobs and housing
Speaking to investors, Burgueño framed City Hall as a partner in the city’s growth, saying public and private sectors must work together to build a more competitive and modern Tijuana.
In addition to the industrial complex, officials highlighted the Isla Catalina Vertical project as a step toward easing housing demand in Santa Fe. The development will include more than 600 apartments and represents an estimated investment of roughly 600 million pesos.
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The residential project is backed by Frisa, a major Mexican real estate developer that is expanding its footprint in the region.
Inside Santa Fe Business Park
The Santa Fe Business Park will include four warehouse buildings totaling about 70,000 square meters, or roughly 750,000 square feet, of leasable space. The project carries an estimated price tag of $90 million.
Keep reading: Mayor Burgueño Unveils Plan to Strengthen Tijuana’s Economic Future
Carlos Rivera Torres, CEO of the industrial parks division at Grupo Frisa, thanked the city for its collaboration and pointed to the partnership with Fibra Macquarie as key to moving the project forward. Simon Hanna, CEO of Fibra Macquarie, said the groundbreaking marks the shift from planning to construction.
Tijuana’s Secretary of Economic Development, Pedro Montejo Peterson, also attended the ceremony alongside company executives.
City officials said the developments are part of a broader push to attract investment, create jobs and strengthen Tijuana’s position as a major manufacturing and logistics hub along the U.S.-Mexico border.
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