45-story tower development in prime residential neighborhood in Mexico City.
Puerta Bosques is a forward purchase transaction with a highly respected development group in Mexico City. Located on a prime site of the Mexico-Toluca freeway, the project is in one of the city’s premier residential and business neighborhoods, close to many multinational companies such as Pfizer, Bain & Company, and Unilever. Residential development in the Bosques submarket is limited due to the scarcity of land, and the majority of the existing residential product consists of single-family homes or larger condo units, making this project an attractive opportunity for Greystar.
Puerta Bosques is a 45-story tower development offering 455 units, with roughly 322,000 square feet of total leasable area. The building is part of a master plan that includes condos and office components with eventual retail and hotel in additional phases. The project will be completed in Q1 2021.