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Lomas De Chapultepec, one of Mexico City's most affluent neighborhoods, is facing controversy between its residents and Commercial Real Estate (CRE) developers. Lomas De Chapultepec is located right next to the city's financial center, which has increased the value of its CRE.

With a new commercial project set begin (The Lomas Project), locals fear continued development will further strain the city's antiquated architecture. Mexico City has relatively weak public transportation, experiences heavy pollution, and not much water resources.

Locals believe further commercial development will interfere with what is already there and that more property will prolong transportation into Mexico City's office district. Mexico City already deals with relatively weak transportation, heavy pollution, and low water resources.

“They flood us with so many buildings,” complained Francisco Cuyas...This isn’t life, substituting everything green with cement.” - a 79-year-old clothing manufacturer whose condo community purchases 900 trucks full of water each year because their taps run dry.

Developers are very confident commercial projects will continue to prosper. In a city filled with so much corruption, the need to establish legitimate planning and societal development should be prioritized.

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Cerco Funding LLC is a New York-based real estate private equity firm. Cerco acts as a direct portfolio lender originating commercial bridge loans nationwide. Cerco has extended capital for acquisitions, refinancings, repositionings, and a host of special situations.

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