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 …

Brazilians Bought 55% More Punta del Este Real Estate Last Year

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

It’s no secret that Brazil’s upper middle class saved the Florida real estate market. When the US housing bubble burst in 2007 and real estate prices tanked, Brazilians snatched up tens of thousands of condo bargains in downtown Miami and Orlando, their two favorite places to vacation outside of Brazil. Now with Argentines beginning to pull back on their purchase …

Punta del Este Condo Auction Highlights Pent-Up Demand

Patrick Archer real estate, uruguay

When an investor group bought the abandoned Melia Hotel in Punta del Este earlier this month for US$10 million, the new developers talked about the building’s potential for attracting middle class buyers looking for their own private pedacito del este. At closure, the architect speculated small one and two-room units ranging in size from 430-680 feet would fill a void …

Abandoned Punta del Este Hotel Sells For $10 Million

Patrick Archer foreign investment, hotels & casinos, real estate, uruguay

An abandoned high-rise on Punta del Este’s main drag will be reincarnated thanks to an investor group led by local architect Vito Atijas. Marcelo Gallardo of El Pais says the 17-story property which many locals and visitors remember as the Melia Hotel Punta del Este was purchased for US$10 million. The sale includes the hotel and the adjacent commercial properties …

Prime Punta del Este Parcel Coming To Auction

Patrick Archer foreign investment, real estate, uruguay

One of the most coveted parcels in Punta del Este is coming to the auction block next month, and the announcement will certainly attract multiple foreign investor groups. Land sales in and around Maldonado are nothing new, but the size and location of this particular parcel makes it extremely valuable. According to Marcelo Gallardo of El Pais, the parcel in …