Carlos Slim’s conglomerate Grupo Carso announced that it will invest US$800 million in the construction of a multi-use real estate complex in the Irrigacion neighborhood located in northwest Mexico City to be named Plaza Carso, which will include retail and office space, residential apartments, and a contemporary art museum and movie theatre, according to a Sentido Comun report.

The shopping center, which will offer 45,000 square meters of retail space, will be housed in an old General Tire plant and include as anchor tenants Sears, Sanborns, Mixup and Banco Inbursa.  Three separate towers will house 430 residential apartments and a separate corporate office building will hold office space.  Museo Soumaya will run the musuem, which will hold the magnificent Jumex Collection of contemporary art.  The real estate complext is expected to be completed in 2010.