Cancun, Q.R. — After 31 years of hosting popular businesses and serving millions of guests, the Flamingo Plaza Shopping Center in the Cancun Hotel Zone is officially closing its doors. After the sale of the large property was signed May 9, the shopping centre, which was built in April of 1988 and home to more than 60 businesses, will be remodeled. In 2017, a remodeling of the plaza was announced that was to include three towers of accommodations, two of apartments and one tower of condohotels for an investment of $350 million USD. The Flamingo Plaza was home to many popular businesses including Planet Hollywood, Outback Steakhouse and Bubba Gump. Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on WhatsApp (Opens in new window) The plaza has continued to lose ground with the development of more and new luxury shopping centers such as La Isla and Kukulcan Plaza. The expansion and remodeling will also included the Ampliación Plaza Flamingo project, which will modernize the infrastructure and the capacity to offer commercial and tourist services of higher quality than those currently offered with the existing facilities. The remodeling in its first stage will include the construction of a parking lot followed by the construction of the towers. Towers A and B will contain an 11-level apartment complex, while the third tower will be a 10-level condo hotel.