Trump Tower Punta del Este Scheduled Completion Date Is 2017

Patrick Archer aruba, foreign investment, lifestyle, real estate, uruguay

725 Fifth Avenue, 401 North Wabash, 15800 Collins and now the Rambla Lorenzo Batlle Pacheco. Punta del Este will soon join an elite club of global destinations like NYC, Chicago and Miami with a Trump Tower. Trump Tower Punta del Este was announced yesterday and, as one might expect from a project associated with the legendary Donald J. Trump, the …

“Contado Con Liqui” An Argentina Investor’s New Best Friend

Patrick Archer aruba, competitiveness, foreign investment, real estate

Over the past eleven months, we’ve chronicled Argentina’s currency restrictions and the crippling spillover effect on real estate activity, primarily in the existing property market. Just as Uruguay hotels and tour operators are being equal parts creative and proactive in crafting programs to circumvent the cepo cambiario, so too are Argentina money managers, multinationals and currency exchanges. “Contado con Liquidacion Inverso,” …

Former Escada Boutique To Become A Chinese Grocery

Patrick Archer buenos aires events, culture, foreign investment, lifestyle, real estate

One prominent German designers’ former Recoleta digs will have a decidedly more pedestrian look and feel for the coming season. Like Zegna, Hermes, Ralph and Louis; Munich-based Escada pulled out of Buenos Aires earlier this year leaving a prime boutique at Alvear 1444 vacant and available for aspiring fashionistas to showcase their designs. Yet, the building’s new tenant will be …

Buenos Aires Office Space Costs 50% Less Than Sao Paulo

Patrick Archer aruba, average prices, competitiveness, real estate

This according to a new report from Colliers International analyzing the average cost of prime office space in major Latin American markets. The average price of Class A office space in Buenos Aires is US$29 per square meter or US$2.77 per square foot placing BA third in Latin America right behind Bogota (US$33 per m2 or $3.06 per square foot) and …

Chile’s Enjoy Acquires 45% Stake In Conrad Punta del Este

Patrick Archer arts & entertainment, aruba, foreign investment, hotels & casinos, lifestyle, tourism, uruguay

Casinos are big business in Uruguay, and the cash flow in the country’s most lucrative casino proved to be irresistible for one of Chile’s largest gaming companies. Santiago-based Enjoy will pay US$139.52 million to acquire a 45% ownership stake in the Conrad Punta del Este and assume control of the five-star casino currently run by Caesars Entertainment. The agreement gives …