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Buenos Aires Mini Neighborhood's First Square: Charm & Living Costs - Infobae
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www.infobae.com
December 11, 2024
The mini neighborhood in Buenos Aires, which is the only one without its own square, will now have one: its charming passages and how much it costs to live there
It is one of the smallest areas in CABA and after a long protest, residents will soon be able to enjoy a public space. What are their homes like and what types of properties generate the most interest?
By Jose Luis Cieri
Álvarez Jonte 3522. There, after 40 years of complaints from residents, the Buenos Aires City Government is building the first square in Villa Santa Rita, the only neighborhood in CABA that did not have its own square (Photo Courtesy: San Román Properties)
Villa Santa Rita is a Buenos Aires neighborhood that was created to serve as housing for workers and is located in the northwest part of the city of Buenos Aires. It belongs to Commune 11 –which also includes Villa Devoto , Villa General Mitre and Villa del Parque– and is a small 2.3 square kilometer layout characterized by its reticular design, where cobblestone passages with a European imprint stand out in the landscape.
Until now, it was known as the only neighborhood in the capital without squares. After a neighborhood claim of more than four decades, the Buenos Aires government began the construction of a green space on a vacant lot located at Avenida Álvarez Jonte 3222 , whose expropriation was approved in 2023. The park will have 1,725 square meters and will be ready to be inaugurated in March 2025.
The arrival of the plaza not only represents a significant urban change, but could also impact the real estate market in Villa Santa Rita. Properties in this area range in price from competitive prices compared to other sectors of the city, although the new green space is expected to bring greater demand and revaluation.
Currently, Villa Santa Rita offers a diverse range of housing, including traditional-style low-rise houses, PHs and apartments in low-rise buildings.
It is built on a 1,700 square meter plot
The buildings, according to the Urban Planning Code (currently being revised by the Buenos Aires Legislature), do not exceed 8 floors with a terrace. However, at the intersection of Cuenca and El Litoral streets, there is a tower with about 20 floors. Among its main arteries, the following stand out: Nazca, Juan B. Justo avenues —under which the Arroyo Maldonado pipe flows—, Álvarez Jonte and Gaona. Also important are the streets Camarones, Luis Viale —located between the two most important avenues—, Terrada and Bufano.
The arrival of a green space in the neighborhood aims to boost real estate demand. With this addition, Villa Santa Rita could especially attract young families and older adults interested in quiet environments.
Cuenca and El Ñandú, a corner that shows the physiognomy of the neighborhood with houses or PH that were renovated and where there are few buildings (Photo Courtesy: San Román Properties)
Paikin stressed that green spaces not only improve the quality of life of current residents, “but also generate interest in those looking for neighborhoods away from the frenetic pace of downtown Buenos Aires.”
The Buenos Aires City Government placed a sign showing the rendering of how the Plaza will look on Álvarez Jonte between Cuenca and Campana
Paikin said these improvements often translate into a sustained increase in property values, as well as creating a more balanced urban environment. In the case of Santa Rita, expectations are similar, with an increase in investment and residential projects in the area surrounding the new park.
Used one-bedroom apartments are priced from USD 65,000 to USD 100,000, while two-bedroom apartments range from USD 85,000 to USD 160,000, and used two-bedroom houses range from USD 154,000 to USD 200,000.
In the area there are several passages such as General Guillermo Granville, Julio Dantas, El Litoral, Argerich, among others.
As for rentals, studio apartments in Villa Santa Rita have a starting price of $300,000 per month, while one- and two-bedroom apartments start at $400,000 and $500,000 per month, respectively.
Currently, low-rise housing and PH buildings under construction predominate. “Streets such as Camarones, Emilio Lamarca, Cuenca or Avenida Nazca lead the way with construction work that will be completed between April and 2026. These properties mainly attract the demand of young people in the neighborhood, who become independent or go from renting to buying in order to move in as end users,” said Mariana Lucángeli , architect and Real Estate specialist.
Bright homes are prioritized, adapted to the demands that have arisen after the pandemic, with modern kitchens that include islands or peninsulas in apartments with three or more rooms, ample storage spaces and good circulation in those with two rooms.
Map of the layout, one of the smallest neighborhoods in the city. It is bordered by Miranda Street, Álvarez Jonte Avenue, Condarco Street, Gaona Avenue and Joaquín V. González Street.
Lucángeli noted that “PHs are also built with garages, a scarce and highly valued commodity by both owners and tenants.”
Currently, houses in the pit are quoted between USD 1,900 and USD 2,000 per m2, although these values could increase. Construction costs rose 145% this year , which has already led some developers to pass on increases, with increases of more than 15% so far this year.
This is a historic step forward with pending challenges. Residents of the Una Plaza para Villa Santa Rita collective consider the opening of this green space a reason for joy after more than 40 years of complaints. “This represents an important achievement for the neighborhood, but we cannot fail to point out that 1,700 square meters are insufficient for the 40,000 people who live here. In practical terms, this space means just one 22 x 22 centimeter tile for each inhabitant,” they explained.
Residents of the Una Plaza para Villa Santa Rita collective at one of the events held in front of the property that will become the neighborhood's first public space
The organization points out that the plaza is only the first step in a more ambitious project. “From the beginning, we proposed the need for at least 5,000 m2 in different lots in the neighborhood, to bring green spaces to all people. This new park is on the edge of the neighborhood, which leaves a large part of the community without close access, even violating international standards that recommend a green space 300 meters from each home.”
Residents often go to squares in nearby neighbourhoods for physical or recreational activities, such as Monte Castro, La Paternal, Chacarita or Villa del Parque, but they believe that Villa Santa Rita also deserves to have more public spaces of its own.
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It is estimated that around 40,000 inhabitants live in this area.
The group insists on the importance of protecting other lands identified as potential plazas. “We have four key lots: the one on Álvarez Jonte, which will already be a park, and others in San Blas and Emilio Lamarca, Concordia and Toay, and Nazca 1500, all of them idle for years. If they are not used for green spaces, they will become buildings, as is already the case with one that has a for sale sign. For this reason, we are asking for urgent political decisions to ensure a healthier and more equitable neighborhood.”
The residents announced that they will continue with their proposals in the Legislature. “We have three bills in parliamentary status. We know that they will have to be presented again next year, but we have the support of legislators from different parties. This progress is a milestone, but we will work so that Villa Santa Rita and the entire city are truly green spaces designed for its inhabitants,” they concluded.
www.buysellba.com
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El mini barrio porteño que es el único sin plaza propia, ahora la tendrá: sus coquetos pasajes y cuánto cuesta vivir allí
Es uno de los trazados más pequeños en extensión de CABA y tras un prolongado reclamo los vecinos podrán disfrutar en breve de un espacio público. Coómo son sus viviendas y qué tipos de inmuebles generan mayor interés
www.infobae.com
December 11, 2024
The mini neighborhood in Buenos Aires, which is the only one without its own square, will now have one: its charming passages and how much it costs to live there
It is one of the smallest areas in CABA and after a long protest, residents will soon be able to enjoy a public space. What are their homes like and what types of properties generate the most interest?
By Jose Luis Cieri
Álvarez Jonte 3522. There, after 40 years of complaints from residents, the Buenos Aires City Government is building the first square in Villa Santa Rita, the only neighborhood in CABA that did not have its own square (Photo Courtesy: San Román Properties)
Villa Santa Rita is a Buenos Aires neighborhood that was created to serve as housing for workers and is located in the northwest part of the city of Buenos Aires. It belongs to Commune 11 –which also includes Villa Devoto , Villa General Mitre and Villa del Parque– and is a small 2.3 square kilometer layout characterized by its reticular design, where cobblestone passages with a European imprint stand out in the landscape.
Until now, it was known as the only neighborhood in the capital without squares. After a neighborhood claim of more than four decades, the Buenos Aires government began the construction of a green space on a vacant lot located at Avenida Álvarez Jonte 3222 , whose expropriation was approved in 2023. The park will have 1,725 square meters and will be ready to be inaugurated in March 2025.
The arrival of the plaza not only represents a significant urban change, but could also impact the real estate market in Villa Santa Rita. Properties in this area range in price from competitive prices compared to other sectors of the city, although the new green space is expected to bring greater demand and revaluation.
Currently, Villa Santa Rita offers a diverse range of housing, including traditional-style low-rise houses, PHs and apartments in low-rise buildings.
It is built on a 1,700 square meter plot
The buildings, according to the Urban Planning Code (currently being revised by the Buenos Aires Legislature), do not exceed 8 floors with a terrace. However, at the intersection of Cuenca and El Litoral streets, there is a tower with about 20 floors. Among its main arteries, the following stand out: Nazca, Juan B. Justo avenues —under which the Arroyo Maldonado pipe flows—, Álvarez Jonte and Gaona. Also important are the streets Camarones, Luis Viale —located between the two most important avenues—, Terrada and Bufano.
Real estate impact
Román Andrés Paikin , from San Román Propiedades, highlighted to Infobae that “the inauguration of the plaza in Villa Santa Rita could significantly increase the value of properties in the area. According to his analysis, the improvement in urban infrastructure reinforces the attractiveness of the neighborhood for buyers and tenants looking for quality of life and recreational areas. This transformation will position Santa Rita as a more competitive option within Commune 11.”The arrival of a green space in the neighborhood aims to boost real estate demand. With this addition, Villa Santa Rita could especially attract young families and older adults interested in quiet environments.
Cuenca and El Ñandú, a corner that shows the physiognomy of the neighborhood with houses or PH that were renovated and where there are few buildings (Photo Courtesy: San Román Properties)
Paikin stressed that green spaces not only improve the quality of life of current residents, “but also generate interest in those looking for neighborhoods away from the frenetic pace of downtown Buenos Aires.”
Comparisons with other revalued areas
The real estate market in this area follows a trend already observed in Buenos Aires neighborhoods such as Saavedra or Villa Urquiza, which have incorporated plazas and parks in recent years.
The Buenos Aires City Government placed a sign showing the rendering of how the Plaza will look on Álvarez Jonte between Cuenca and Campana
Paikin said these improvements often translate into a sustained increase in property values, as well as creating a more balanced urban environment. In the case of Santa Rita, expectations are similar, with an increase in investment and residential projects in the area surrounding the new park.
Revaluation and transformation of the neighborhood
The development of the plaza will not only bring benefits to residents, but will also mark a before and after in the perception of Villa Santa Rita as a residential neighborhood.Used one-bedroom apartments are priced from USD 65,000 to USD 100,000, while two-bedroom apartments range from USD 85,000 to USD 160,000, and used two-bedroom houses range from USD 154,000 to USD 200,000.
In the area there are several passages such as General Guillermo Granville, Julio Dantas, El Litoral, Argerich, among others.
As for rentals, studio apartments in Villa Santa Rita have a starting price of $300,000 per month, while one- and two-bedroom apartments start at $400,000 and $500,000 per month, respectively.
Currently, low-rise housing and PH buildings under construction predominate. “Streets such as Camarones, Emilio Lamarca, Cuenca or Avenida Nazca lead the way with construction work that will be completed between April and 2026. These properties mainly attract the demand of young people in the neighborhood, who become independent or go from renting to buying in order to move in as end users,” said Mariana Lucángeli , architect and Real Estate specialist.
Bright homes are prioritized, adapted to the demands that have arisen after the pandemic, with modern kitchens that include islands or peninsulas in apartments with three or more rooms, ample storage spaces and good circulation in those with two rooms.
Map of the layout, one of the smallest neighborhoods in the city. It is bordered by Miranda Street, Álvarez Jonte Avenue, Condarco Street, Gaona Avenue and Joaquín V. González Street.
Lucángeli noted that “PHs are also built with garages, a scarce and highly valued commodity by both owners and tenants.”
Currently, houses in the pit are quoted between USD 1,900 and USD 2,000 per m2, although these values could increase. Construction costs rose 145% this year , which has already led some developers to pass on increases, with increases of more than 15% so far this year.
A milestone for residents after 40 years of complaints
The creation of this plaza marks a milestone for the residents, who will finally have a place for recreation and meeting. In addition to improving the quality of life of its inhabitants, the work can influence the real estate dynamics of the neighborhood, consolidating it as an attractive option for those looking for competitive prices in a quiet environment with new services.This is a historic step forward with pending challenges. Residents of the Una Plaza para Villa Santa Rita collective consider the opening of this green space a reason for joy after more than 40 years of complaints. “This represents an important achievement for the neighborhood, but we cannot fail to point out that 1,700 square meters are insufficient for the 40,000 people who live here. In practical terms, this space means just one 22 x 22 centimeter tile for each inhabitant,” they explained.
Residents of the Una Plaza para Villa Santa Rita collective at one of the events held in front of the property that will become the neighborhood's first public space
The organization points out that the plaza is only the first step in a more ambitious project. “From the beginning, we proposed the need for at least 5,000 m2 in different lots in the neighborhood, to bring green spaces to all people. This new park is on the edge of the neighborhood, which leaves a large part of the community without close access, even violating international standards that recommend a green space 300 meters from each home.”
Residents often go to squares in nearby neighbourhoods for physical or recreational activities, such as Monte Castro, La Paternal, Chacarita or Villa del Parque, but they believe that Villa Santa Rita also deserves to have more public spaces of its own.
www.buysellba.com
It is estimated that around 40,000 inhabitants live in this area.
The group insists on the importance of protecting other lands identified as potential plazas. “We have four key lots: the one on Álvarez Jonte, which will already be a park, and others in San Blas and Emilio Lamarca, Concordia and Toay, and Nazca 1500, all of them idle for years. If they are not used for green spaces, they will become buildings, as is already the case with one that has a for sale sign. For this reason, we are asking for urgent political decisions to ensure a healthier and more equitable neighborhood.”
The residents announced that they will continue with their proposals in the Legislature. “We have three bills in parliamentary status. We know that they will have to be presented again next year, but we have the support of legislators from different parties. This progress is a milestone, but we will work so that Villa Santa Rita and the entire city are truly green spaces designed for its inhabitants,” they concluded.
www.buysellba.com
