Express Boom Rapidly Changing Buenos Aires Supermarket Landscape

Patrick Archer buenos aires events, competitiveness, foreign investment, franchises, real estate, us companies

Hundreds of Asian-owned Buenos Aires supermarkets are closing now that multinational giants like Carrefour and Walmart are blanketing BA barrios with their own “express” markets. “Around 400 super chinos closed last year alone and 1,100 jobs disappeared. The expansion of the large chains under the express model siphoned off a lot of our customers which hurt the profitability of our business,” …

Retailers & Hotel Chains Rushing To “The Saudi Arabia Of Patagonia”

Patrick Archer foreign investment, hotels & casinos, real estate, us companies, visionaries

Carrefour, Coto, Jumbo, La Anonima and Walmart. Only one city in Argentina is home to all five major supermarket chains, and it’s not Buenos Aires, Cordoba or even Rosario. It’s the Patagonia capital city of Neuquen which is ground cero for Argentina’s nascent shale oil boom. “Neuquen Comes To Life At The Hands Of Vaca Muerta” is the headline of …

New Palermo Premium Outlet One Step Closer To Overdue Opening

Patrick Archer arts & entertainment, ba government, buenos aires events, lifestyle, real estate, tourism

A high-profile commercial real estate development in Palermo just moved one step closer to clearing an environmental hurdle which has postponed the project’s grand opening since last December. The City of Buenos Aires’ Environmental Protection Agency met yesterday to review the environmental impact study of the new Distrito Arcos, a US$60 million outdoor shopping and dining complex nestled between Palermo …

Distrito Acros Premium Outlet Opens Next Month In Palermo

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

Exactly two years after it was officially announced, construction of Buenos Aires’ newest shopping center is back on track and scheduled to open next month in Palermo. Distrito Arcos is a US$60 million indoor/outdoor shopping center and entertainment complex that is transforming a prime stretch of Palermo real estate bordered by Santa Fe, Juan B. Justo, Godoy Cruz and Paraguay. The property sat dormant …

Nuevocentro Shopping Montevideo Now Open

Patrick Archer arts & entertainment, lifestyle, real estate, tourism, uruguay

Nuevocentro Shopping Montevideo, a new shopping center opened its doors this morning in a busy section of Montevideo, and shopaholics filled the three-story complex by midday. The Nuevocentro Shopping Montevideo is a 742,000-square foot (69,000 square meter) project in a busy section of the Uruguay capital at the intersection of Luis Alberto de Herrera and Artigas Boulevard. The mall’s developer, Carlos …