Uruguay Will Limit Number Of Pharmacies Selling Marijuana

Patrick Archer agribusiness, lifestyle, uruguay

Uruguay moved one step closer yesterday to creating a legal marketplace for the production and sale of marijuana; however, President Mujica was quick to clarify the new law would not mean a “viva la pepa” atmosphere with a grow house, pot bar and dispensary on every corner. The proposed legislation passed a narrow vote in the House Thursday and now …

Retail Elite: Uruguay Shoppers Spend The Most In Latin America

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

Consumers in Uruguay spend more per capita than shoppers in any other Latin American country, according to a new study from Euromonitor International. The report, which focused primarily on grocery store expenditures, found Uruguayans spent US$730 per capita in 2012 which is 61% more than the number two Latin American market, Chile, where consumers spent US$453. Uruguay shoppers left the …

Hotel Casino Oceania Catches Second Wave As Luxury Condo

Patrick Archer hotels & casinos, real estate, uruguay

A new chapter of life and luxury awaits another Montevideo landmark with panoramic views of the capital city, the World Trade Center and the winding Rambla below. The nautical-themed building with porthole windows overlooking the beaches of Punta Gorda and Malvin used to be the Hotel Casino Oceania, a popular waterfront destination for Montevideo visitors in the 1940s and 50s. …

More Families Moving To Gated Communities In Uruguay

Patrick Archer foreign investment, real estate, uruguay

Gated communities are growing in popularity in Uruguay and beginning to transform the single-family residential landscape from Colonia and Carmelo to Montevideo and Maldonado. “Private and Semi-private Neighborhoods In Development and Rising In Value” is the headline of El Observador’s analysis of the trend in a country where gated communities with lifestyle amenities like golf courses, tennis courts and fitness …

Port of Montevideo Expanding To Meet Global Demand

Patrick Archer real estate, uruguay

The Port of Montevideo is expanding and modernizing in order to meet the rising tide of cargo ships using Uruguay’s main durable goods port as a regional hub for the Southern Cone of South America. Just as the country’s main grain port at Nueva Palmira is expanding, the Port of Montevideo is adding a new 4oo-meter dock to accommodate giant …