Polanco is an affluent neighborhood in the Miguel Hidalgo borough of Mexico City. Polanco is an upscale community, famed for its luxury shopping on Avenida Presidente Masaryk, one of the most expensive streets in the Americas, as well as for the numerous prominent cultural institutions located within the neighborhood, such as the Museo Soumaya and the Colección Jumex. Polanco is often called the "Beverly Hills of Mexico", being one of the country's densest concentrations of luxury shopping, Michelin star restaurants, high-net-worth individual, upscale hotels, diplomatic missions and embassies, and one of the most desirable real estate markets in Latin America.
The colony takes its name from a river that crossed what is now the Avenue Campos Elisios (Champs Elysees), named in memory of the Spanish Jesuit Juan Alfonso de Polanco, a secretary of Ignatius of Loyola, whose relatives, members of the Polanco family, were members of board of the Kings of Spain in the 17th century and came to Mexico as officers of the Crown.
In a plane made by Francisco Antonio Guerrero y Torres and dated 1784, a "ruined house Polanco" is located on the grounds of the Hacienda de San Juan de los Morales. This hacienda sits on land donated in the sixteenth century to Hernán Cortés by the King of Spain, under the jurisdiction of Tacuba. At the beginning of the colonial times, parts of this land (near the current center of the Hacienda) were occupied for planting mulberry trees for breeding silkworms (hence the name "los morales"). The hull of the Hacienda as currently known dates from the eighteenth century. Extension lands belonging to the estate began to be divided in the late 1920s.
Polanco was developed in 1937 by the Aleman family, the same developers of Ciudad Satélite and San José Insurgentes districts, on the land that was originally the Hacienda de los Morales, just north of Molino del Rey town and Bosque de Chapultepec . The first area to be built is now called Polanco Reforma and lies just north of Paseo de la Reforma, the entrance to the new neighborhood marked by a tile obelisk facing Reforma. In those days, there were only mansions surrounded by gardens and tree lined streets.
By the 60's the first department store arrived in the neighborhood, forever transforming the face of Polanco. In the 70's the last piece of land to be developed was sold, the triangle of Ejército Nacional, Ferrocarril de Cuernavaca and Periférico, where no stand-alone housing was built, only apartment buildings.
The 1985 earthquake reshaped the city layout, and Polanco was no exception; restaurants, embassies, boutiques and corporate business slowly moved from Zona Rosa and found a great new home in Polanco. Big houses were torn down and replaced with new buildings. The old inhabitants typically moved to neighborhoods such as Bosques de las Lomas and Lomas de Tecamachalco.
Today Polanco is facing a challenge. Land prices are some of the most expensive in the city, as zoning rules forbid skyscrapers in the area. There are few big mansions remaining which are protected by INBA, therefore large building projects can not be undertaken like the ones in Lomas de Chapultepec, or Santa Fe, two areas which have an edge on attracting new inhabitants. Ruben Dario avenue, facing Chapultepec Park, and Campos Eliseos are two of the most expensive streets in Mexico City, with apartments ranging up to $15 million.
The borders of Polanco are:
Formerly Polanco contained nine colonias whose names were: Bosque de Chapultepec, Bosque de Chapultepec Polanco, Chapultepec Morales, Chapultepec Polanco, Los Morales - Sección Palmas, Los Morales - Sección Alameda, Polanco Reforma, Polanco Chapultepec, and Rincón del Bosque.
Polanquito, between Parque Lincoln and Avenida Masaryk, consists of a three by three block pedestrian-friendly area with wall-to-wall restaurants and cafés.
Nuevo Polanco is an area bordering Polanco to the north across Avenida Ejercito Nacional. It contains the Antara Polanco and Plaza Carso shopping malls, two new major museums, and many new residential towers.
The population of Polanco is 27,322, distributed as follows across the colonias:
Polanco enjoyed a construction boom in the 1950s when mansions and luxury apartment complexes were built. The style of construction of most mansions of this date is "Colonial Californiano", inspired by the Mission Revival Style in the Southwestern United States, with pseudo-baroque quarry windows, front-side gardens and inside halls. Some of these mansions have been renovated and converted into businesses and restaurants, many others have simply been torn down and replaced with new buildings.
Polanco is home to some of the most famous restaurants in Mexico and Latin America, numerous being Michelin star-rated.
With renowned restaurants like Pujol (Ranked 12th best in the world), Quintonil (ranked 24th best in the world), Biko (Ranked 43 best in the world), Dulce Patria (Ranked 48 best in Latin America), Nobu, Morimoto, Tori Tori, Mr. Chow, Astrid y Gaston, Porfirios, Hacienda de Los Morales and Anatol.
Polanco is walking distance from some of the city's most important museums in Chapultepec Park, such as the National Museum of Anthropology, the Soumaya Museum, the Modern Art Museum and Chapultepec Castle. Bordering Polanco on the north, in Nuevo Polanco are the Museo Soumaya and Museo Jumex.
In addition to the above-mentioned shopping and dining, Polanco and Nuevo Polanco together are one of the primary areas for Class A office space in the city and metro area. As of 2017 Polanco was the second fastest-growing area of new construction of office space. Samsung, Coca-Cola, Visa, GM, Nestlé, Telmex/Grupo Carso and many more multinationals have their headquarters in the middle of Polanco.
The highest-priced street and the one with the most upscale boutiques in Latin America, it is compared by some to Beverly Hills' Rodeo Drive or New York City's Fifth Avenue. The Avenue is named after the first President of Czechoslovakia Tomá? Masaryk.
Shops include Louis Vuitton, Cartier, Chanel, Corneliani, Salvatore Ferragamo, Tiffany & Co., DKNY, Ermenegildo Zegna, Brioni, Burberry, Bulgari, Chopard, Gucci, Hermès, Frette, Marc Jacobs, Max Mara, Hugo Boss, Rolex, Jaeger Le Coultre, Galerias Tehran, and Berger Joyeros.
Shopping centers include:
Bordering Polanco in Nuevo Polanco are:
Polanco is bordered on the west by the Anillo Periférico ring road and the Avenida Río San Joaquín freeway is just to the north, connecting the Periférico via Polanco to central Mexico City. Main east-west thoroughfares include (south to north:) Paseo de la Reforma, Avenida Presidente Masaryk, Ave. Horacio, Ave. Homero, and Ave. Ejercito Nacional. Main north-south thoroughfares include (east to west): General Mariano Escobedo, Molière, Ferrocarril de Cuernavaca and Juan Vásquez Mella.
Polanco is served by the Polanco and Auditorio stations of the Mexico City metro (subway). The western terminus of the double decker buses of the Reforma line of the Metrobús (bus rapid transit) is in Polanco. Peseros (minibuses), city buses and trolleybuses ply numerous streets in Polanco continuing to and from other parts of the city.
Schools in Polanco include: