Investment Fund May Restore Harrods Buenos Aires to Former Retail Glory

Patrick Archer arts & entertainment, foreign investment, lifestyle, real estate

One of the world’s most famous luxury department stores may soon reopen its landmark Buenos Aires location if a UK investment group purchases and restores the seven-story Harrods building at Florida Street and Cordoba Avenue, according to Alfredo Sainz at La Nacion. While London-based Harrods is best known for luxury retail, real estate, private banking and aviation services in the …

Megaproject Between La Boca and Puerto Madero Close To Approval

Patrick Archer aruba, ba government, real estate

A $900 million mega-project envisioned for the southeastern part of Buenos Aires is on the fast track to approval in the Buenos Aires Legislature. The Solares de Santa Maria project would be built on a 172-acre piece of property between Puerto Madero and La Boca, the largest remaining parcel owned by the City of Buenos Aires. The land in question …

Alvear Tower Puerto Madero Will Be Tallest Building in Buenos Aires

Patrick Archer aruba, average prices, buenos aires events, competitiveness, hotels & casinos, real estate

Puerto Madero has always been a Buenos Aires neighborhood full of superlatives, some grounded in reality and others bordering on urban legend. Now the newest high-rise-kid-on-the-dique will definitely stir the anti-development pot and set a record for the tallest building in Buenos Aires. Grupo Alvear will invest US$130 million to build the Alvear Tower Puerto Madero, a 54-story residential tower …

Arena Maipu: New Casino Resort Complex Opens in Mendoza

Patrick Archer arts & entertainment, hotels & casinos, lifestyle, real estate, tourism

Of the many regional business trends we cover weekly, a new mega-project in Mendoza embodies three of “los grandes” : hotel investment opportunities in Argentina and Uruguay, the strength of the gaming sector in the Southern Cone and the untapped opportunities in the interior. So when the Arena Maipu Resort Complex opens its doors this weekend in Mendoza, MDZol.com’s Federico Manrique …

Palermo Soho Real Estate Construction Activity Climbs 70%

Patrick Archer foreign investment, real estate

The Buenos Aires neighborhood of Palermo Soho is witnessing a healthy wave of new residential construction activity, according to Clarin’s Romina Smith. The barrio bounded by Santa Fe, Cordoba, Scalabrini Ortiz and Godoy Cruz has seen a 70% rise in new construction compared to 2010. “The boom is supported by the tremendous commercial activity in the barrio which is reflected …