Las Ventas: New Kind of Industrial ParkBy Pedro Alcalá | Fri, 06/26/2020 - 16:40
Of Mexico’s six northern border states, four share a border with the US state of Texas: Chihuahua, Coahuila, Nuevo Leon and Tamaulipas. Texas is an extremely active industrial economy and also an ever-growing market for all kinds of goods, commodities and services. As a result, these four Mexican states tend to be the preferred site of massive industrial park projects that can address this demand and also generate employment and services for major northern Mexican cities, such as the major metropolitan area of Monterey.
Even in this competed market, the Las Ventas industrial development project stands out as unique. Considered by its developer Orange Investments as “the first logistical-industrial development in northern Mexico,” Las Ventas is being planned as a significant nexus of business and commercial spaces supported by logistical services, housed in a space with state-of-the-art security and the most advanced infrastructure technology in the market built around Industry 4.0.
One of Las Ventas’ main advantages will be its location a mere 8km away from the Pharr International Bridge, which connects the Tamaulipas state city of Reynosa with the Texas cities of Mcallen and Pharr. This will put it in a prime position to take advantage of all cross-border traffic that passes through this bridge. According to a T21 story on Las Ventas, Pharr International Bridge is one of 10 border crossings between Mexico and the US that handles a total of almost 82 percent of all US-Mexico commerce. This crossing manages energy, automotive and manufacturing imports and exports, among other sectors. It is particularly important to the agribusiness sector because close to 70 percent of all Mexican food that gets exported to the US passes through the Pharr International Bridge.
Las Ventas will include 110ha for industrial spaces, 8.7ha for security facilities, 13.2ha of mixed-use spaces, 39.2ha of roads and 42.2ha of green areas. Security facilities will house a presence of Mexico’s newly created National Guard. Las Ventas is designed to respond to the new regulatory and logistical landscape that is born out of USMCA and the logistical needs defined by the post-COVID-19 era.