In Recoleta, BA Goes Underground to Solve the Parking Shortage

Patrick Archer ba government, buenos aires events, real estate

Parking in Buenos Aires is a problem, especially in areas of Capital Federal like Puerto Madero and Recoleta with high construction density and no Subte stations. With dwindling available lot options for above-ground parking, the City of Buenos Aires decided to go underground with a new parking garage at Pueyrredon and Las Heras. The Estacionamiento Mitre, which opens today, is …

Only 28% of Puerto Madero High-Rise Units Are Occupied

Patrick Archer foreign investment, real estate

That statistic according to Clari­n in the latest analysis of the high-profile BA neighborhood. InvestBA reported in December on the recent pullback in closing prices for Puerto Madero units, and now 2010 Census data shed additional light on the high ratio of investor-owned units in some of BA’ s most expensive high-rise condominiums. The numbers, culled from the 2010 Census, …