In the 80s and 90s of the 20th century, the city experiences a great economic boom. The expansion of the city towards the south begins gaining ground to the Santa Cruz de Tenerife Refinery and creating new residential and urbanizable areas such as Cabo-Llanos. Since then, this area of the city is immersed in a major construction boom that has been nicknamed "Manhattanization", due to the presence of tall buildings and the layout of the streets that mimics that of American cities.