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Mexican government's move to sell army base could generate giant land deal

The undeveloped area of Mexico City could turn into a lucrative real estate development worth US$1b

The military site is one of the last big swathes of developable land in central Mexico City. Current zoning data from the city's urban development ministry show that a developer could build about 25,100 housing units on the land.

Mexico City

MEXICO'S government is preparing to sell a giant parcel of land that could turn an undeveloped area of Mexico City into one of the most lucrative real estate developments in Latin America with a price tag that experts see reaching as high as US$1 billion.

Nearly four...

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