ULI Global Awards for Excellence: Territoria 3000 - Santiago, Chile

Territoria 3000 is Latin America’s first world-class mixed-use building, hosting premium office and retail space, as well as the W Santiago hotel with 196 guest rooms and 46 residences.

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Developer:Territoria
Architects/designers: Handel Architects, Plannea, Seggiaro
Interior design: Tony Chi
Interior development: Estudio Echeverria
Landscape: Gilberto Ekis

Territoria 3000 is Latin America’s first world-class mixed-use building. It hosts premium office and retail space, as well as the W Santiago hotel with 196 guest rooms and 46 residences. It has a prime location in the El Golf District, Santiago’s new financial center.

The building, sited on 1.7 acres (0.7 ha), includes 133,800 square feet (12,400 sq m) of exclusive office space (some of which offers panoramic views of the city), 87,300 square feet (8,100 sq m) of retail, and more than 190,000 square feet (18,000 sq m) of hotel and residential space.

Introducing Santiago to the concept of urban lifestyle retail, premium brands such as Mercedes-Benz, Brooks Brothers, La Casa del Habano, Rolex, and Bang & Olufsen have taken space in the building.

The W Santiago—the first such hotel in Latin America—leads the market in terms of average rates and occupancy, with the W residences selling at a premium 30 percent above the prevailing market rate. The building was acquired by Prudential for a German pension fund as a world-class asset, setting a new parameter in terms of cap rates.

Daniel Lobo is the Senior Director of Awards, Education and Advisory Group, for the Urban Land Institute, a nonprofit education and research institute that focuses on issues of land use, real estate and urban development. The mission of the Institute is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Prior to joining ULI Mr. Lobo was an independent consultant working as project manager for a variety of urban and research initiatives, in particular facilitating open cultural urban interventions internationally, and new media research. Earlier he worked extensively as project manager for the Center for Communities by Design at the American Institute of Architects, and as Urban Designer at Skidmore, Owings, and Merrill LLP. He holds a MSc City Design and Social Science from the London School of Economics, and a BA (Honors) from the School of Architecture and Interior Design at London Metropolitan University.
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