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Real estate boom in the south of Buenos Aires - Infobae
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www.infobae.com
November 04, 2023
Real estate boom in the south of Buenos Aires
It includes Parque Patricios, San Telmo, Monserrat and Barracas. There are more than 80 works. It tempts the demand that can access units and amenities that start from USD 1,500 per square meter
By José Luis Cieri
Canvas Barracas, on Avenida Suárez at 1700, one of the developments that contributes to recovering a neglected area of the city of Buenos Aires
The southern area of Buenos Aires, between Monserrat, San Telmo, Barracas and Parque Patricios, is emerging from real estate lethargy and with more than 80 building projects in different degrees of progress, it is emerging in search of renewal.
More than 2,500 homes are being built there that seek to tempt a young demand, especially those that favor bright, spacious units close to amenities such as a swimming pool, gym and barbecue areas.
Construction growth in CABA was concentrated mainly in the northern area during the last two decades. However, a flourishing is observed in the extreme south, driven by its proximity to important transportation systems such as the Metrobús, subway and rapid road access to the south, west and north areas.
Daniel Mintzer, partner of GyD Developers who is undertaking Moca in Barracas, told Infobae that “the area has a wide range of resources and this attracts demand. In addition, we are located a short distance from the center and several universities, including UADE, UAI, UCA and the Faculty of Engineering. In terms of entertainment and gastronomic options, we have the Caseros hub and Avenida de Montes de Oca, an important commercial and gastronomic center. The connectivity and opportunities in the area are remarkable. In addition, the accessibility to cheaper land allows us to offer apartments at very competitive prices.”
Indigo in works, on Almafuerte at 100 in Parque Patricios
Among people interested in purchasing an apartment, projects with amenities such as a Multipurpose Room (SUM), swimming pool and security measures are prioritized. It is also sought that they be located no more than 15 or 25 blocks from the center.
On the other hand, despite the significant transformation in Parque Patricios, with the construction of numerous square meters of offices as part of the Technology District, there is little availability of new homes in the are
Flavio Galli , CEO of Grupo Tueroc, told Infobae that the Índigo project, with mixed uses, is scheduled to open the gym, some commercial premises and 110 garages by the end of the year. “The second stage, which includes premises, offices and housing, will be completed by mid-2024, with full completion of the development expected by the end of that year.”
In addition, the area is seeing the transformation of large disused land, previously occupied by factories, into original residential projects. These developments, along with growth in the southern area, are significantly changing the profile of Barracas.
Vanesa Jaimovich , Newland's marketing manager, explained to Infobae that a project is being built on a 3,800 m2 plot of land with 43 meters of frontage, which combines modern elements with the history of the old factory that used to occupy the site. “It includes four residential buildings, a fifth building with amenities and a European-style semi-public passage.”
The old chimney was preserved in one of the developments that are being built today in Barracas, it will also have a public street and commercial premises
The southern area of CABA shows great growth potential in several areas. Ariel Venneri, founding partner of Grupo MAHE, in dialogue with Infobae divided the area into three expansion zones:
1) Polígono Este, bounded by Avenida Montes de Oca towards the river, has experienced the greatest investment, especially in the attractive area of San Telmo, which offers tourist and commercial potential;
2) Medium polygon, it extends between Sáenz and Montes de Oca avenues, mainly in Parque Patricios; and
3) Polígono Oeste, from Avenida Sáenz, is characterized by its large green areas without development and is considered ideal for promoting affordable and quality housing.
Buyers come from various areas, including the south of Greater Buenos Aires, such as Avellaneda, Quilmes, Lanús and Lomas de Zamora
This could be facilitated through publicly and privately financed purchases, as well as leasing options backed by institutional investors.
Under development is ICON Boulevard Caseros, a residential building that combines the restoration of an old façade to preserve historical heritage with a modern glazed façade in San Telmo.
Render of ICON Boulevard Caseros, in San Telmo
“This project includes 1 to 3 room apartments with terraces, ideal for temporary rental due to the tourist influx in the area. The completion of the project is scheduled in 8 months, and the last available units are offered at USD 1,800 per square meter,” Ignacio Carpanelli , CEO of GEWIN Real Estate, told Infobae.
The area attracts both investors and end buyers seeking refuge for their capital. Buyers come from various areas, including the south of Greater Buenos Aires, such as Avellaneda, Quilmes, Lanús and Lomas de Zamora, as well as people from the north center of CABA in search of more affordable homes compared to their current residences.
In the case of Moca, the apartments have double-glazed windows and total insulation. The studio apartments have 27.40 m2 and the two-bedroom apartments have 44.15 m2.
Pool, grill and amenities are part of Moca, on Avenida Montes de Oca, in Barracas
On the other hand, Índigo, a mixed-use project, offers studio apartments and apartments with up to 3 rooms with prices ranging between USD 1,600 and USD 1,850 per square meter.
Inside Canvas, one of the buildings will be suitable for professionals. It will offer two-room units (47 m2) and 3-room units (83 m2). In the rest of the buildings there are 2-room units (43 m2).
Loop, a mixed-use property, already inaugurated on Avenida Caseros at 3400, where an important delivery company already operates in the building
PH Eco is the first sustainable building intended for temporary rental use combined with residential, commercial and corporate use (offices).
The homes usually have high ceilings (more than 2.75 meters), high-quality countertops and sinks, integrated kitchens or with islands in some cases, bright bedrooms with warm colors and living rooms with porcelain tiles in most cases. In addition, spaces for teleworking or studying are included, a feature valued by demand in the post-pandemic era.
The southern area of Buenos Aires has several important avenues, Metrobus and subway that allow a fluid connection for long-time residents and those who are moving in the immediate future.
In relation to residential, Ignacio Carpanelli highlighted: “We have noticed great interest from both people looking for temporary rentals for tourism and those who are attracted to living in a neighborhood with so much tradition and architecture that evokes Europe, such as This is the case of San Telmo.”
As well as the resurgence of medium and long-term mortgage credit, with affordable rates for the average income of the population.
The homes are bright and have a clear connection with the outside to satisfy young demand.
Flavio Galli said that “the Parque Patricios Technology District is a successful public-private venture, but after 15 years it requires significant government intervention. This should support technology companies in the area, as well as health, education and retail institutions. Additionally, it is essential to promote affordable housing for neighborhood residents.”
Investment is also required in technological infrastructure, coliving spaces, training and education programs for low-income people in the area, as well as the expansion of tax incentives to attract more companies and entrepreneurs.
Specialists emphasize that this process is an urban transformation that, like all others, “requires, first of all, government action with measures that promote investment, along with quality proposals and reasonable prices from the developers who are betting on San Telmo. , Monserrat, Barracas, among other southern areas,” concluded Ariel Venneri.
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Source:
Auge inmobiliario en el sur porteño: cómo son las nuevas viviendas en esa parte de la ciudad que busca renovarse
Comprende Parque Patricios, San Telmo, Monserrat y Barracas. Hay más de 80 obras. Tienta la demanda que puede acceder a unidades y amenities que parten desde USD 1.500 el metro cuadrado
www.infobae.com
November 04, 2023
Real estate boom in the south of Buenos Aires
It includes Parque Patricios, San Telmo, Monserrat and Barracas. There are more than 80 works. It tempts the demand that can access units and amenities that start from USD 1,500 per square meter
By José Luis Cieri
Canvas Barracas, on Avenida Suárez at 1700, one of the developments that contributes to recovering a neglected area of the city of Buenos Aires
The southern area of Buenos Aires, between Monserrat, San Telmo, Barracas and Parque Patricios, is emerging from real estate lethargy and with more than 80 building projects in different degrees of progress, it is emerging in search of renewal.
More than 2,500 homes are being built there that seek to tempt a young demand, especially those that favor bright, spacious units close to amenities such as a swimming pool, gym and barbecue areas.
Construction growth in CABA was concentrated mainly in the northern area during the last two decades. However, a flourishing is observed in the extreme south, driven by its proximity to important transportation systems such as the Metrobús, subway and rapid road access to the south, west and north areas.
Daniel Mintzer, partner of GyD Developers who is undertaking Moca in Barracas, told Infobae that “the area has a wide range of resources and this attracts demand. In addition, we are located a short distance from the center and several universities, including UADE, UAI, UCA and the Faculty of Engineering. In terms of entertainment and gastronomic options, we have the Caseros hub and Avenida de Montes de Oca, an important commercial and gastronomic center. The connectivity and opportunities in the area are remarkable. In addition, the accessibility to cheaper land allows us to offer apartments at very competitive prices.”
Indigo in works, on Almafuerte at 100 in Parque Patricios
Among people interested in purchasing an apartment, projects with amenities such as a Multipurpose Room (SUM), swimming pool and security measures are prioritized. It is also sought that they be located no more than 15 or 25 blocks from the center.
On the other hand, despite the significant transformation in Parque Patricios, with the construction of numerous square meters of offices as part of the Technology District, there is little availability of new homes in the are
Flavio Galli , CEO of Grupo Tueroc, told Infobae that the Índigo project, with mixed uses, is scheduled to open the gym, some commercial premises and 110 garages by the end of the year. “The second stage, which includes premises, offices and housing, will be completed by mid-2024, with full completion of the development expected by the end of that year.”
In addition, the area is seeing the transformation of large disused land, previously occupied by factories, into original residential projects. These developments, along with growth in the southern area, are significantly changing the profile of Barracas.
Vanesa Jaimovich , Newland's marketing manager, explained to Infobae that a project is being built on a 3,800 m2 plot of land with 43 meters of frontage, which combines modern elements with the history of the old factory that used to occupy the site. “It includes four residential buildings, a fifth building with amenities and a European-style semi-public passage.”
The old chimney was preserved in one of the developments that are being built today in Barracas, it will also have a public street and commercial premises
The southern area of CABA shows great growth potential in several areas. Ariel Venneri, founding partner of Grupo MAHE, in dialogue with Infobae divided the area into three expansion zones:
1) Polígono Este, bounded by Avenida Montes de Oca towards the river, has experienced the greatest investment, especially in the attractive area of San Telmo, which offers tourist and commercial potential;
2) Medium polygon, it extends between Sáenz and Montes de Oca avenues, mainly in Parque Patricios; and
3) Polígono Oeste, from Avenida Sáenz, is characterized by its large green areas without development and is considered ideal for promoting affordable and quality housing.
Buyers come from various areas, including the south of Greater Buenos Aires, such as Avellaneda, Quilmes, Lanús and Lomas de Zamora
This could be facilitated through publicly and privately financed purchases, as well as leasing options backed by institutional investors.
Under development is ICON Boulevard Caseros, a residential building that combines the restoration of an old façade to preserve historical heritage with a modern glazed façade in San Telmo.
Render of ICON Boulevard Caseros, in San Telmo
“This project includes 1 to 3 room apartments with terraces, ideal for temporary rental due to the tourist influx in the area. The completion of the project is scheduled in 8 months, and the last available units are offered at USD 1,800 per square meter,” Ignacio Carpanelli , CEO of GEWIN Real Estate, told Infobae.
The area attracts both investors and end buyers seeking refuge for their capital. Buyers come from various areas, including the south of Greater Buenos Aires, such as Avellaneda, Quilmes, Lanús and Lomas de Zamora, as well as people from the north center of CABA in search of more affordable homes compared to their current residences.
In the case of Moca, the apartments have double-glazed windows and total insulation. The studio apartments have 27.40 m2 and the two-bedroom apartments have 44.15 m2.
Pool, grill and amenities are part of Moca, on Avenida Montes de Oca, in Barracas
On the other hand, Índigo, a mixed-use project, offers studio apartments and apartments with up to 3 rooms with prices ranging between USD 1,600 and USD 1,850 per square meter.
Inside Canvas, one of the buildings will be suitable for professionals. It will offer two-room units (47 m2) and 3-room units (83 m2). In the rest of the buildings there are 2-room units (43 m2).
Loop, a mixed-use property, already inaugurated on Avenida Caseros at 3400, where an important delivery company already operates in the building
PH Eco is the first sustainable building intended for temporary rental use combined with residential, commercial and corporate use (offices).
The homes usually have high ceilings (more than 2.75 meters), high-quality countertops and sinks, integrated kitchens or with islands in some cases, bright bedrooms with warm colors and living rooms with porcelain tiles in most cases. In addition, spaces for teleworking or studying are included, a feature valued by demand in the post-pandemic era.
The southern area of Buenos Aires has several important avenues, Metrobus and subway that allow a fluid connection for long-time residents and those who are moving in the immediate future.
In relation to residential, Ignacio Carpanelli highlighted: “We have noticed great interest from both people looking for temporary rentals for tourism and those who are attracted to living in a neighborhood with so much tradition and architecture that evokes Europe, such as This is the case of San Telmo.”
Missing
Experts say the southern zone could experience more significant growth through a planned collaboration between private developers and the Buenos Aires City Government.As well as the resurgence of medium and long-term mortgage credit, with affordable rates for the average income of the population.
The homes are bright and have a clear connection with the outside to satisfy young demand.
Flavio Galli said that “the Parque Patricios Technology District is a successful public-private venture, but after 15 years it requires significant government intervention. This should support technology companies in the area, as well as health, education and retail institutions. Additionally, it is essential to promote affordable housing for neighborhood residents.”
Investment is also required in technological infrastructure, coliving spaces, training and education programs for low-income people in the area, as well as the expansion of tax incentives to attract more companies and entrepreneurs.
Patricios Park and the Technological District need a renewal of urban spaces and community cohesion, which must be part of a comprehensive plan, the developers consulted by Infobae agreed to mention.
Specialists emphasize that this process is an urban transformation that, like all others, “requires, first of all, government action with measures that promote investment, along with quality proposals and reasonable prices from the developers who are betting on San Telmo. , Monserrat, Barracas, among other southern areas,” concluded Ariel Venneri.
www.buysellba.com
