Real Estate Projects Drive Urban Expansion in Playa del Carmen, With Vertical Growth Seen as Viable

Playa del Carmen, Quintana Roo — Local real estate developers anticipate a new phase of urban expansion in this tourist destination, driven by residential, commercial, and industrial projects and an updated urban development plan that allows for greater density and vertical growth.

Eduardo Torre Lima, founding partner of the firm Antar, announced the expansion plans during the presentation of a business collaboration focused on the real estate market. The comprehensive project, called “Real Estate 360,” aims to serve various buyer profiles and investment needs within the municipality, from housing to productive spaces.

According to Torre Lima, the proposal includes a commercial plaza, residential lots, homes, and an industrial park, which would expand offerings for residents, investors, and companies interested in establishing operations in the city.

The developer noted that Playa del Carmen’s urban growth has maintained a steady pace in recent years, accompanied by property values that he said rank among the highest in Mexico.

In this context, he said the updated Urban Development Program opens the door to new city configurations, particularly taller buildings.

“Vertical growth is highly viable; the municipality is orderly and has the infrastructure to support growth,” Torre Lima stated.

Among the projected developments, he highlighted the construction of a business tower called Business Center Quetzal, located opposite an existing complex by the same firm. This would form part of a corporate corridor taking shape within the city.

The businessman explained that real estate diversification responds to both housing demand and the increase in companies seeking to establish operations in the tourist destination, a phenomenon that has driven the need for commercial and logistical spaces.

Vertical growth emerges as a key focus in the updated Urban Development Program. The proposal, he added, aims to generate economic benefits for the municipality by expanding construction activity, attracting private investment, and strengthening employment opportunities linked to urban development.

Furthermore, he noted that real estate growth is not limited to specific zones but extends to various areas of the municipality due to population increases and the continuous arrival of new national and foreign residents.

Torre Lima said the projects in preparation form part of a strategy to consolidate Playa del Carmen as a regional investment hub within the Riviera Maya, in a scenario where urban planning and infrastructure will be determining factors in sustaining the pace of expansion.

The real estate sector expects that as the Urban Development Program update progresses, new density parameters and land use guidelines will be defined to steer the city’s urban development in coming years.