A high-profile commercial real estate development in Palermo just moved one step closer to clearing an environmental hurdle which has postponed the project’s grand opening since last December.
The City of Buenos Aires’ Environmental Protection Agency met yesterday to review the environmental impact study of the new Distrito Arcos, a US$60 million outdoor shopping and dining complex nestled between Palermo Hollywood and Palermo Soho.
“The shopping center is already completely built and the retail spaces are stocked with merchandise. And the majority of neighbors and business owners in the neighborhood hope the center’s opening will benefit the entire zone with more light, security and an influx of people,” writes La Nacion’s Felicitas Sanchez who interviewed several local merchants.
“That whole area was a rat’s nest, abandoned and dangerous. I’m delighted that at least (the developer) did something. A Palermo premium outlet is going to change the image of the neighborhood. And that’s good for us, because it will attract more people,” says Mario Manteiga, the owner of a leather goods shop.
“It would be fabulous if they open,” says Rey del Vino restaurant manager Gabriela Lopez, “That area used to be dark, they would assault you if you passed at night, and there were lots of rats.” (Full Story in Spanish)
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