In an interview with Economía y Negocios of El Mercurio, Ignacio Salazar Vicuña, CEO of Territoria, shared the company’s vision and projects, highlighting its “Human Cities” approach—aligned with an ambitious plan that integrates innovation, heritage, and public space to bring renewed vitality to the city center.

With a projected investment of USD 200 million across two flagship projects—NIDO Lucía and the reconversion of the Santiago Stock Exchange—Territoria detailed its strategy to restore vitality and safety to the historic center of the capital.

NIDO Lucía: Innovation and transformation of public space

Located in the former Enel building on Santa Rosa Avenue, NIDO Lucía represents an investment of USD 160 million. More than a building complex, this 45,000 sqm project was conceived as an innovation and entrepreneurship ecosystem, integrating laboratories, culture, and gastronomy in one of the most densely populated areas of Santiago.

The project already hosts StartupLab.01, Chile’s first deep tech hub for scientific and technological startups, promoted by Corfo and Fundación Chile, as well as the Metropolitan Hub, an initiative of the Santiago Regional Government approved by the Metropolitan Regional Council and executed by Fundación Chile.

One of the project’s core pillars is its impact on the surrounding area. In collaboration with the Ministry of Transport, the Regional Government, and Metro de Santiago, a road transformation is being promoted. “The idea is to create more public space and naturally connect the eastern and western sides of Santa Rosa through pedestrian routes,” explained Salazar.

Santiago Stock Exchange: A heritage landmark

The recent purchase agreement for the iconic Santiago Stock Exchange building marked a second milestone in Territoria’s strategy. With an estimated investment between USD 40 and 50 million, this 10,000 sqm space will be transformed under a mixed-use model similar to Mercado Urbano Tobalaba (MUT).

The intervention, which has already received favorable feedback from the National Monuments Council, will fully preserve the historic façade while modernizing the interior for new civic uses.

Drawing on international references, the upper floors will host retail and commercial spaces, along with open areas. The project also seeks to activate the surrounding pedestrian environment, reinforcing safety through the active management of urban “nodes.”

A long-term commitment to the city

For Territoria, these projects are not real estate transactions, but a long-term commitment to operation and value creation. Heritage recovery is the driving force that will once again attract people to live in and enjoy the city center. With NIDO Lucía and the Santiago Stock Exchange, Territoria reaffirms its mission to be an active participant in the efforts to restore Santiago as a connected, sustainable, and human-centered city.

Read the full article here