Former mall at Mar Azul
In November last year a local judge declared the bankruptcy of the very polemic project Mar Azul. This condo/retail/office project was constructed in the heart of town, just next to the cruise ship terminal.
The bankruptcy was hanging in the air for a while. The developers have had many issues throughout the years with financing and the department of public works. I guess it never really stood a chance. It was under-financed.
The building now is in hands of curators appointed by the courts. Biggest claims come from the tax office and banks. Most tenants have moved out or are going to move out.