The ideas that inspire our projects seek to anticipate the desires and aspirations of people and communities.
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Ignacio Salazar and Francisco Rencoret found Territoria to develop spaces that have a positive impact on people’s lives.
Territoria builds and operates this Hotel in San Pedro de Atacama until 2009. It was built in harmony with the culture and traditions of the desert’s indigenous people.
The Territoria group acquire the first site for what will eventually be Mercado Urbano Tobalaba, with an investment of US$ 500 million.
Territoria receives an award for excellence on behalf of the Urban Land Institute (ULI) for the Isidora 3000 project. ULI is the oldest and largest network of cross-disciplinary real estate and land use experts in the world and has over 45,000 members globally.
ADIA, Abu Dhabi’s sovereign fund, partners with Territoria in the development of the Mercado Urbano Tobalaba project. ADIA is the world’s 3rd largest sovereign fund and manages assets worth US$900 billion globally.
Territoria begins the development of MUT, Chile’s largest mixed-use project. Located on the main Avenida Apoquindo intersecting with El Bosque Norte, in Santiago’s main financial district. It is the evolution of the original market concept, a new category of mixed-use project focused on sustainability, as well as commercial and cultural exchange, that seeks to improve people’s quality of life.
The agreement includes the extension of the Tobalaba Metro station, which has the highest circulation of passengers in the city, with new spaces and access points.
The project will be developed on the northeastern corner of Vespucio intersecting with Presidente Riesco. This represents another step towards Territoria’s purpose of generating a positive impact on people’s lives, with another strategic location in Santiago.
With 160,000 sqm, MUT is Chile’s first urban market and will be the meeting point of many different communities from around the city.
With 160,000 sqm of built area, MUT is a meeting place for multiple communities.
The CORFO fund, awarded to Territoria and co-executed by the National Center of Excellence for the Wood Industry (CENAMAD), aims to develop the technology required for mid- and high-rise timber construction, particularly buildings between 10 and 15 stories, promoting sustainable construction.
Mercado Urbano Tobalaba (MUT) was selected among the top 10 urban projects in the Americas—and the only one from Latin America—by the Urban Land Institute at the 2025 ULI Americas Awards for Excellence.
The project brings together two major concepts: Chile’s first scientific–technological hub within the existing building, and, in a second phase, an Urban Market.
The project aims to enhance the architectural heritage of the building and reactivate social and civic life in downtown Santiago. The initiative involves a respectful reconversion of the property, preserving its iconic identity while enabling new contemporary uses that reopen it to the community.
No man is an island. We are a species that depend on each other. We are united by invisible bonds. Not just the bonds between people, but also with our surroundings and ecosystems.
These links are what create community.
Our shared experience of urban life.
