US$2 Billion Highway Tunnel Below Puerto Madero Could Open In 2016

Patrick Archer ba government, buenos aires events, foreign investment, real estate, us companies

A proposed highway tunnel below Puerto Madero could bridge northern and southern auto corridors, alleviate downtown Buenos Aires traffic and spark a new wave of downtown real estate development. If approved, boring machines could begin carving the 2.5 kilometer underground tunnel this year which would connect three major downtown highways by mid-2016 if the project receives both municipal and federal …

Uruguay Infrastructure Projects Among Latin America’s Top 100

Patrick Archer competitiveness, foreign investment, global rankings, real estate, uruguay

A 2014 survey of Latin America’s most significant new infrastructure projects includes five Uruguay projects ranging from deep water ports to renewable energy to new rail corridors. The Strategic Latin American Infrastructure 2014 Report from CG/LA is a ranking of 100 projects planned over the next three years across 10 sectors in 20 countries with a total combined project value …

New Report Reveals The Noisiest Streets In Buenos Aires

Patrick Archer buenos aires events, lifestyle, real estate

Outdoor noise levels in many areas of Buenos Aires are rising and unending from early morning to overnight hours, according to a new analysis of dB measurements by the University of Palermo’s Research Center for Sustainable Engineering (CIIS). “The average noise levels that we put up with day and night exceed the tolerable limits established by international agencies,” writes La Nacion’s …

New Palermo Premium Outlet One Step Closer To Overdue Opening

Patrick Archer arts & entertainment, ba government, buenos aires events, lifestyle, real estate, tourism

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 …

City of Buenos Aires Real Estate Sales Jump 16% To US$217 Million

Patrick Archer average prices, buenos aires events, foreign investment, real estate

Buenos Aires real estate sales just posted their first double-digit increase in two years signaling the return of local buyers and foreign investors seizing Argentine hard assets that are both undervalued and underinvested. The new numbers from the Buenos Aires Notary College show real estate closings rose 16.1% in February. There were a total of 1,995 closings in Capital Federal compared to 1,717 closings …