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Real Estate News Stately and almost hidden: how much does it cost to live in the three exclusive passages of Recoleta that evoke Europe - Infobae

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Stately and almost hidden: how much does it cost to live in the three exclusive passages of Recoleta that evoke Europe - Infobae
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October 05, 2024

Just a few blocks from each other, these are picturesque corners of CABA that evoke landscapes of Tuscany and Paris, with decoration and design shops. One of these passages arose after a dispute between brothers, according to urban legends.



By Jose Luis Cieri





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Entrance to Pasaje Libertad, on Libertad street at 1240, a refuge that reminds one of Italian Tuscany (Photo courtesy: Buenosaires.alpaso)

Within the premium real estate market of the city of Buenos Aires in the Recoleta neighborhood, there are three old passages with homes for sale and rent, located a few blocks from each other, which hold stories and styles that refer to corners of Europe.



One is Pasaje Parera , which extends over two blocks between Guido and Avenida Alvear. The other two share the same block, although they are divided by a wall that marks a difference in their architectural style and history. The first is Rue des Artisans (Artisans Street, in French), whose black lattices contrast with the white walls and each business is decorated with striped awnings. Its style is a mix between the classic and modern of Paris, where you can find art galleries, glass shops, and fashion and decoration stores. This passage has an entrance on Arenales 1239, with its 12 stores of different sizes.

However, its “younger brother,” the Pasaje Libertad (entered via 1240 Libertad Street), evokes the Italian region of Tuscany, with its orange walls and rustic details. Both passages were built in 1887 by Italian architect Giuseppe Bernasconi , originally as a single “L”-shaped structure, before being divided after a family dispute.



Urban legends say that both passages were created as a result of a dispute between brothers, and that a wall divided them for that very reason. However, the surname of those involved remains unknown.





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The Rue des Artisans Passage (Artisans Street, in French), which is entered through Arenales at 1239

There are also homes for sale and temporary rentals that invite you to live in a unique space in CABA.



Almost united

The Rue des Artisans Passage has changed over time and is now consolidated as a key part of the Buenos Aires design district.

On the other side of the wall, almost hidden, beats with its own rhythm the Pasaje Libertad , a jewel of Italian imprint that evokes Tuscany, still preserved despite the years.





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Flower pots and orange color are the protagonists in Pasaje Libertad

It houses 22 commercial premises and some private homes, which sets it apart from its sister store on Arenales Street, where shops linked to design and decoration predominate.

“After crossing the old iron gate, which the doorman closes punctually at 8 p.m., one of the most curious secrets of the passage is discovered: the plates with letters that, from front to back, form the word FREEDOM , arranged on both sides of this internal street that functions as an open-air walkway with its own charm,” Susana Valle Fonrouge , director of GPS Properties, told Infobae.



Visitors can find shops selling glass objects, artistic stationery, top brand clothing and, in the background, the pastries of the Benedictine nuns of the Abbey of Santa Escolástica.


Despite the years, the Passage Liberté has retained a vintage feel that distinguishes it from its neighbour. While Rue des Artisans is characterised by its black and white tiles and awnings, in the Passage Liberté the small tiles and the old shutters that close the stained glass windows give it an atmosphere from another time. This passage, designed in a “T” shape to facilitate circulation in its time, maintains its bohemian and peaceful spirit intact in the midst of the hustle and bustle of the city.





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Rents for premises and housing there start at USD 700 per month.

Valle Fonrouge described: “The passage has a special mix of housing and commerce, there are artists, architects, and each space is unique. Although it was originally a stable and then a tenement, today shops and apartments coexist in an environment that makes you forget that you are in the middle of the city.”

Rents for the premises range from USD 700 to USD 1,000 per month, and apartments between 70 and 120 square meters are rented for similar prices.





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Most of the houses in the passages separated by a wall look renovated (Photo Courtesy: GPS Properties)

Valle Fonrouge said that the owners prefer to rent these spaces instead of selling them. “It is a place unlike any other. It has no elevators, the floors are made of pine and every corner has a special detail, like the cistern that used to provide water to all the apartments.”

With the camera as a focus

Joaquín Manuel Castro , known on social media for his account “Buenos Aires al Paso”, shared his view on the history and design of the three passages of Recoleta, three corners of Buenos Aires that, although somewhat hidden, represent the essence of its architecture and its eclecticism.

“Libertad and Rue des Artisans are passages with a design that is almost invisible anymore, like crossing an L-shaped block,” Castro explained.





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Entrance to the Rue des Artisans Passage (Photo Courtesy: Buenosaires.alpaso)

Although they are now divided, both retain a distinct identity. Rue des Artisans adopts a more French aesthetic, with light tones and park benches, while Libertad leans towards a more Mediterranean and Italian style, with warm colours, vases and a central flowerbed that give it a unique atmosphere.

On the other hand, Parera, despite being a street of only two blocks, reflects the architectural eclecticism of CABA. “It has French, rationalist, modern, and 60s and 70s buildings. Even an out-of-scale tower built by IANUA (a company that built several buildings in the area and throughout the country),” Castro explained.





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Parera and Alvear Avenue (Photo Courtesy: Buenosaires.alpaso)

On the corner with Avenida Alvear, the building by architect Mario Roberto Álvarez stands out for having replaced the historic mansion of the De Ridder family, one of the last great aristocratic houses to be demolished in the city.

Emblematic

Separated by just two blocks, Parera stands out for its exclusivity. In particular, it is considered one of the most prestigious and valued in Buenos Aires.





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View from one of the houses for sale in Parera

Daniel Obetko , architect and premium residential manager at Interwin Marketing Inmobiliario, said that “Parera is unquestionably an emblematic street, not only for its privileged location, but for its homogeneity and absolutely residential character. It is an address desired by many, without buses or noise, which increases its value.”

In this area of Recoleta, according to Zonaprop, the value per square meter for properties for sale ranges between USD 2,600, both for used and brand new units.





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One of the apartments for sale for USD 1,200,000 (Photo Courtesy: Interwin Marketing Inmobiliario)

Obetko explained that, within the real estate market, properties on Parera Street are valued with an additional valuation factor due to their uniqueness, a concept they call addresses . This factor makes properties on this street especially coveted, as they represent a symbol of exclusivity and tranquility. “When we value properties in Parera, they all have this uniqueness factor applied, which sets them apart in a very competitive market,” adds Obetko.

Among the most notable properties on the street, Interwin has for sale a completely renovated apartment worth USD 1,200,000 with 222 m2 and 4 rooms.

Obetko said that this 50-year-old building was remodeled, incorporating the latest technology in all its areas. “The apartment has state-of-the-art appliances, bathrooms with imported marble and Slavonian oak floors with marquetry. Everything was designed to offer maximum comfort, from the pressurized showers to the remote-controlled curtains,” he explained.





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Parera and Quintana Avenue

There are other units for sale there that range from USD 350,000 to USD 2,000,000, most of them are up to 300 m2 with more than 2 bedrooms, outbuildings and continuous balconies.

And the rents on Parera are rented exclusively in dollars, in a range that goes from USD 800 to USD 7,500 per month.





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Most of the units for sale or rent have been renovated, especially kitchens, bathrooms and living rooms.

“Most of the buildings on Parera Street were built in the last century, and in many cases these apartments were completely renovated,” Obetko concluded.



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