Ritz Carlton cancels Mexico City project

What was to have been a 170-room Ritz Carlton hotel by the Angel of Independence monument on Reforma Boulevard now is destined to become an ordinary office building. The project, which would have been almost across the street from an almost-ready St. Regis, also would have included 180 luxury apartments styled Grand Residences. The current economic slump is blamed for the decision. Several other projects along the boulevard also are said to be encountering economic woes. By Jimm Budd