Polanco | |
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Clockwise from top: Shops along Avenida Presidente Masaryk; St. Augustine Parish; Angela Peralta Amphitheater in Parque Lincoln; and Obelisk to Simón Bolivar at the Paseo de la Reforma entrance to Polanco | |
Coordinates: 19°26′N 99°12′W / 19.433°N 99.200°W | |
Website | http://www.polanco-online.com.mx |
Polanco is a neighborhood in the Miguel Hidalgo borough of Mexico City. Polanco is an affluent colonia, noted for its luxury shopping along Presidente Masaryk Avenue, the most expensive street in Mexico,[1] as well as for the numerous prominent cultural institutions located within the neighborhood.
Originally a residential area of large single-family homes, the land use of the neighborhood began to change in the second half of the 20th century. Particularly after the 1985 Mexico City earthquake, the former residences were replaced by commercial properties and high rise buildings. Today, Polanco is best known as a shopping district.
Polanco is often called the "Beverly Hills of Mexico",[2][3][4][5] having one of the country's densest concentrations of luxury shopping, with the most upscale restaurants, high-net-worth individuals, upscale hotels, and diplomatic missions and embassies. It is one of the most expensive real estate markets in Latin America.[6]
A newer development north of Polanco, popularly termed "Nuevo Polanco", is a business district that is home to BBVA, WeWork and Telecel[7] while also housing important cultural institutions such as the Museo Soumaya and the Colección Jumex. Nuevo Polanco, officially in the colonias of Granada and Ampliación Granada, is not part of the Polanco neighborhood. However, Polanco and Nuevo Polanco are sometimes grouped together.