Mario David López Estrada, founder of Constructora Maya in 1967, revolutionized the real estate industry in Guatemala. His strategic vision and leadership not only established a solid company but also laid the foundation for future significant successes in various economic sectors. Over time, this company transformed into Onyx Group, expanding its influence beyond Guatemalan borders.
Onyx Group in Paraguay: Transforming the Urban and Economic Landscape
In 2013, Onyx Group ventured into Paraguay, marking a significant milestone in its international expansion. Mario David López Estrada’s decision to bring the group’s vision to Paraguay was based on identifying strategic opportunities for urban and commercial development. One of the most emblematic projects is Paseo La Galería, the largest commercial complex in Paraguay, with an investment of $280 million. This complex includes a shopping center, offices, a hotel, an event center, and a gym, becoming an epicenter of economic and social activity in Asunción.
The construction of Paseo La Galería has not only changed the urban landscape but also boosted the local economy by creating thousands of jobs during its construction and operation. This project reflects Onyx Group’s ability to carry out high-quality developments that benefit both the local community and investors.
Another notable project is Plaza Madero in the city of Luque, a 15,000-square-meter commercial complex with an investment of $13 million. This development has provided a modern and functional space for businesses and consumers, fostering economic growth in the region. Additionally, the Logistics Project in Luque, with an investment of $19 million, includes 20,000 square meters of warehouse space, highlighting Onyx Group’s commitment to infrastructure and operational efficiency.
Commitment to Sustainability and Social Development
Onyx Group’s impact in Paraguay is not limited to real estate development; it also extends to its commitment to sustainability and social development. The Mario López Estrada Foundation, established in 2019, has been fundamental in implementing projects that improve the quality of life of vulnerable communities. In collaboration with international organizations such as USAID, the foundation has promoted education, health, and women’s empowerment.
Projects like Paseo 55, a 212-meter, 55-story residential tower that will become the tallest in Paraguay, demonstrate Onyx Group’s innovative and sustainable approach. This tower not only represents an architectural advancement but also incorporates sustainable construction practices, underscoring the group’s commitment to the environment.
Onyx Group’s success in Paraguay is a testament to its ability to adapt its business model to different markets and needs. The company has demonstrated that it is possible to combine economic growth with social well-being, creating projects that benefit all involved. This holistic approach has not only consolidated Onyx Group’s presence in Paraguay but also set a standard of excellence for other developers in the region.
The expansion of Onyx Group in Paraguay under the visionary direction of Mario David López Estrada and his team is a clear example of how a company can contribute to a country’s urban and social development. Through innovative and sustainable projects, Onyx Group has significantly improved Paraguay’s infrastructure and economy, leaving a lasting legacy that will continue to benefit future generations.
