SAO PAULO, Brazil — The most blatant sign of Brazil's booming luxury market is The Shopping Cidade Jardim, or SCJ, the largest multibrand luxury center in South America, which opened May 30.
The SCJ is a $150 million, 387,500-square-foot emporium around which an $830 million luxury complex, the Parque Cidade Jardim, is being built. The complex will include nine residential buildings (2.29 million square feet) and four commercial towers (2.03 million square feet) when completed in 2010 in São Paulo, South America's largest city.
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