Through the Mexican government's Urban Improvement Program, implemented by SEDATU (Secretariat for Agrarian, Territorial, and Urban Development) and with the community participating, the project for the new Guadalupe Market was undertaken for the purpose of reactivating the economy of a zone of the city of Tapachula, in the Soconusco region.

Colectivo 733 (José Amozurrutia, Gabriela Carrillo, Israel Espín, Carlos Facio, Eric Valdez) used efficient and economical systems with local materials and modular prefabricated elements that reduce building time. The market has 200 local tenants selling their goods in a built area of almost 4,200 square meters. A layout of linear corridors with side accesses results in spaces that are well ventilated and comfortable to pass through and interact in, and they connect with plazas and outdoor gardens.

The rows of market stalls are emphasized by sloping roofs composed of metal structures and panels of bamboo that make for very good thermal and acoustic conditions. The valleys and ridges of the roof form light and water channels, bringing in daylight and collecting rainwater for reuse in bathrooms and garden irrigation.

The Guadalupe Market is one of six finalists in the 2023 MCHAP award.