What Andares does

Andares is a mixed-use real estate megadevelopment operated by Desarrolladora Mexicana de Inmuebles S.A. de C.V. (part of Grupo DMI) in the Puerta de Hierro district of Zapopan, within the Guadalajara metropolitan area of Jalisco, Mexico. Conceived by architectural firm Sordo Madaleno and inaugurated in 2009, the project combines a 132,000+ square meter open-air shopping center with over 230 retail establishments, four corporate office buildings (Corporativo Patria, Acueducto, Campus Corporativo, Corporativo Paseo), the 257-room Hyatt Regency Andares Guadalajara hotel, two premium residential complexes (Andares Vida and Andares 5065), the Mercado Andares gastronomic market, and dedicated event venues (Mirador Andares, Foro). It serves middle-to-upper-class retail shoppers, corporate tenants, business and leisure hotel guests, and affluent residential buyers.

The underlying platform is a curated, nature-integrated physical destination with sustainable infrastructure (on-site water treatment plant, pollinator gardens, EV charging stations), a permanent art circuit including works by recognized Mexican artists, and an active programming calendar (weekly Farmers' Market, Christmas Parade, Día de Muertos festival, Vogue Fashion Night's Out, Carrera Andares charity race). Differentiators include Braille-inclusive signage, a concierge service, and family-oriented amenities (Kid's Club, family parking, lactation rooms). The Andares App provides directory, events, and promotions; an omnichannel pickup service (Andares To Go) extends Mercado Andares restaurants to off-site customers.

Revenue is generated through multiple recurring streams: recurring retail tenant leases across 230+ establishments, multi-year corporate office leases, hotel operations (Hyatt Regency), transaction-fee-based event space rentals and food market sales, and one-time-plus-recurring residential property sales and leases. Go-to-market is primarily event-driven and experiential, drawing foot traffic through cultural programming, seasonal festivals, and the annual Carrera Andares race, with digital marketing (website, email, social) supporting awareness. Customer concentration is distributed across hundreds of retail tenants, multiple office tenants, transient hotel guests, and residential occupants, with anchor relationships including Liverpool (department store) and Hyatt Hotels Corporation as the flagship hospitality partner.

Name

Andares

Legal name

Desarrolladora Mexicana de Inmuebles S.A. de C.V.

Website

https://andares.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Andares is a mixed-use megadevelopment in Zapopan/Guadalajara, Mexico, integrating a 132,000+ sqm open-air shopping center with 230+ retail tenants, four corporate office buildings, a 257-room Hyatt Regency hotel, two premium residential complexes, a gastronomic market, and event venues, serving middle-to-upper-class shoppers, corporate tenants, hotel guests, and affluent residents.

Ownership category

akta.pro rank

Product category

Mixed-Use Real Estate Development

NAICS

General Merchandise Retailers (455), Amusement, Gambling, and Recreation Industries (713)

SIC

Retail-Department Stores (5311), Services-Amusement & Recreation Services (7900), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Regional Department Store–Anchored Multi-Category Retail (Store-in-Store) (CRAGAFAH)

akta.pro secondary industries

Integrated Full-Service Hotel Complexes (Mixed-Use) (THAGAAAL), Multipurpose Event Center Operations (Civic Centers, Community Event Complexes) (MPAGALAE)

Keywords

• Mixed-use development
• Commercial real estate
• Luxury shopping center
• Corporate office leasing
• Premium residential properties

Headquarters

HQ city

Zapopan

HQ country

Mexico

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Marketing or Sales, Personnel, Others

Revenue model

1. Retail Tenant Leasing: Leasing commercial space to over 230 retail establishments including fashion, food, entertainment, jewelry, beauty, banks, and services across 132,000+ square meters of commercial area
2. Corporate Office Leasing: Four office buildings (Corporativo Patria, Acueducto, Campus Corporativo, Corporativo Paseo) housing national and international companies
3. Hotel Operations: Hyatt Regency Andares Guadalajara with 257 rooms including 25 suites, multiple dining venues, meeting spaces, and event facilities
4. Event Space Rental: Mirador Andares private event venue, Foro performances, and outdoor spaces for corporate events, weddings, and celebrations
5. Residential Property Sales/Leasing: Two premium residential complexes: Andares Vida and Andares 5065, offering luxury living with exclusive amenities and services
6. Gastronomic Market: Mercado Andares food market featuring international and local cuisine, plus weekly Farmers' Market with artisanal vendors

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Andares operates a mixed-use megadevelopment in Zapopan, Guadalajara, combining a 132,000+ square meter open-air shopping center with 230+ retail establishments, four corporate office buildings, a 257-room Hyatt Regency hotel, two premium residential complexes (Andares Vida and Andares 5065), private event venues, a gastronomic market, and an art program. Revenue is generated primarily through leasing commercial and office space, hotel operations, residential sales/leasing, and event venue rentals.

Product overview

Andares es un megadesarrollo de uso mixto ubicado en la zona más moderna de Guadalajara, Jalisco, desarrollado por la firma Sordo Madaleno. El ecosistema de productos se estructura en torno a Centro Comercial Andares (core product con 230+ tiendas y 132,000+ m²), complementado por Mercado Andares (mercado gastronómico), Andares Corporativos (4 edificios de oficinas), Mirador Andares (espacios para eventos), Hyatt Regency Andares (hotel 5 estrellas con 257 habitaciones), Residencias (Andares Vida y Andares 5065), y Vive el Arte (programa artístico). Servicios adicionales incluyen Andares Farmers' Market (sábados), Andares App, Concierge, y programas Familie (Soy Abue, Soy Mamá), Verde (sustentabilidad), y Sonríe (responsabilidad social). La empresa opera bajo Desarrolladora Mexicana de Inmuebles S.A. de C.V.

Differentiator

Problem solved

Functional benefit

Brands

• Mercado Andares: Gastronomic market offering international cuisine with local trends
• Andares Corporativos
• Andares Eventos
• Vive el Arte
• Hyatt Regency Andares Guadalajara
• Andares Vida
• Andares 5065
• Andares Farmers' Market
• Andares To Go

Products and services

• Centro Comercial Andares Open-air luxury shopping center with 230+ retail establishments spanning fashion, food, entertainment, jewelry, beauty, banks, and services across 132,000+ square meters, designed as the core retail destination of the Andares megadevelopment in Zapopan, Guadalajara.
• Mercado Andares Gastronomic market aggregating multiple restaurants and food establishments offering international cuisine with local culinary trends, serving as a curated dining destination within the Andares complex.
• Andares Corporativos (Corporate Office Buildings) Four Class-A corporate office buildings (Corporativo Patria, Acueducto, Campus Corporativo, and Paseo) leasing premium workspace to national and transnational companies within an integrated mixed-use environment.
• Mirador Andares (Event Venues) Private and exclusive event venue space (including Mirador Andares and Foro Andares cultural space) hosting corporate events, weddings, private celebrations, and cultural performances.
• Hyatt Regency Andares Guadalajara 5-star Hyatt Regency hotel with 257 rooms including 25 suites, multiple dining venues (Andares Lounge, Cassola, Anhelo Market To Go), 5 meeting rooms, 2 ballrooms, and event facilities operated under the Hyatt Hotels Corporation flag.
• Andares Vida Residences Premium residential complex designed by Sordo Madaleno offering luxury apartments with exclusive amenities including rooftop pool on the 26th floor, Kid's Club, and Business Center for affluent urban residents.
• Andares 5065 Residences Residential complex combining the Hyatt Regency Gran Turismo-category hotel with luxury residences located on Paseo Andares VIP at the heart of the Andares megadevelopment.
• Andares Farmers' Market Weekly Saturday farmers market operating from 10:00 am to 4:00 pm in the food court, aggregating local artisanal vendors offering fresh produce, gastronomy, home goods, and personal care products.

Quantifiable outcome

• Over 230 retail establishments in 132,000+ square meters
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered flagship, core and minor.

• Hyatt Hotels CorporationflagshipStrategic or Co-development Partner · 1 January 2017Hyatt Regency Andares Guadalajara is a flagship partnership featuring 257 rooms including 25 suites, multiple dining venues (Andares Lounge, Cassola, Anhelo Market To Go), meeting facilities, and event spaces. The hotel was named Project of the Year by Hyatt Hotels Corporation. Located at the heart of Andares complex, the hotel integrates seamlessly with the shopping center, residences, and corporate offices.
• Sordo Madaleno (Architects)coreStrategic or Co-development Partner · 1 January 2008Renowned Mexican architectural firm that designed the entire Andares megadevelopment. Responsible for the conceptual design based on creating a unique shopping experience, open-air spaces in harmony with nature, and sustainable architecture. The firm's work established Andares as an icon of Guadalajara.
• Grupo DMI (Desarrolladora Mexicana de Inmuebles)flagshipOthersParent company and developer behind the Andares project. Located at Avenida Acueducto 4851, Piso 17, Real Acueducto, Zapopan. Responsible for the overall development, management, and operations of the Andares mixed-use complex.
• lululemonminorGTM or Marketing PartnerAthletic apparel brand sponsoring the Carrera Andares annual running event. Provides commemorative t-shirts for race participants as part of the sponsorship package valued at over $2,500 per runner kit.
• AkronminorGTM or Marketing PartnerSports equipment brand sponsoring the Carrera Andares running event, supporting the annual charity race with product donations for prizes.
• Hospitales Puerta HierrominorGTM or Marketing PartnerHealthcare provider sponsoring the Carrera Andares event, providing medical services during the race as part of their community engagement.
• Pocari SweatminorGTM or Marketing PartnerBeverage brand sponsoring the Carrera Andares, providing hydration drinks for runners at the event.
• VogueminorGTM or Marketing PartnerInternational fashion magazine partnered with Andares for Vogue Fashion Night's Out event, bringing high-profile fashion experiences to the shopping center.
• Civil Associations (28+)minorOthersAndares Sonríe program supports over 28 civil associations through events, exhibitions, adoptions, and donations. Partners include organizations focused on autism awareness (Día del Autismo), breast cancer awareness (Octubre Rosa), and various charitable causes.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Fibra Uno: Mexico's largest REIT with a diversified portfolio of retail, office, and industrial properties — broader incumbent that owns competing shopping centers and office buildings in markets where Andares competes for tenants.

Direct peers

• Centro Santa Fe: One of the largest mixed-use developments in Latin America, located in Mexico City's west side — comparable megadevelopment combining mall, offices, and hotels at scale.
• Midtown Jalisco: Mixed-use development in Guadalajara combining retail, dining, and entertainment in an experiential format — competing head-to-head with Andares for the same upper-middle-class Guadalajara consumer.
• Plaza Fiesta San Agustín: Premium shopping and entertainment complex in Guadalajara's San Agustín corridor — competing regional destination with similar mid-to-premium retailer mix.
• Plaza Galerías Guadalajara: Major enclosed shopping mall in Guadalajara's western zone offering fashion, dining, and entertainment — overlapping tenant mix and customer base with Andares' shopping center.
• Punto Sur: Lifestyle center in the Tlajomulco/Guadalajara metro area with open-air design, dining, retail, and entertainment — directly competing with Andares for premium shopper dwell-time in the Guadalajara catchment.
• Plaza Carso: Mixed-use complex in Mexico City developed by Grupo Carso, combining a shopping mall, Museo Soumaya, theaters, and corporate offices — analogous premium mixed-use format to Andares.
• Antara Fashion Hall: Luxury open-air lifestyle center in Polanco, Mexico City — directly comparable to Andares in its premium positioning, curated retail mix, and experiential design language.
• Artz Pedregal: High-end mixed-use development in southern Mexico City offering luxury retail, dining, and offices — comparable premium tenant mix and lifestyle-center positioning to Andares.

Others

• Grupo Liverpool (El Puerto de Liverpool): Anchor tenant in Andares and one of Mexico's largest department-store chains; comparable as a retailer-adjacent business whose own omnichannel and real-estate strategy directly shapes Andares' anchor economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/centro-comercial-andares

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Andares