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The green neighborhood that is experiencing a construction boom and has up to two projects on the same block - Propiedades
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www.lanacion.com.ar
September 02, 2024
The streets of the area have managed to maintain their essence over the years, but recently they have undergone a significant transformation.
By Candle Contreras
"The garden of the city": the neighborhood has a large number and variety of trees that make it one of its most characteristic featuresMariana Milanesi
The essence of a residential neighborhood with old houses and cobbled streets that escape the hustle and bustle of traffic still predominates in this place, but in recent years Villa Devoto has been changing : bars and restaurants, with important names in the field, have landed to give a different life to an area that is in full transformation .
Its large number and variety of trees is one of its most unique features that make it “the garden of the city.” In ancient times, Devoto had luxurious country houses and mansions that marked that legacy in the current houses that know how to coexist with modern buildings. But, despite the fact that in recent years it has experienced a notable increase in the demand for housing, the Buenos Aires neighborhood maintains its identity and is a magnet for those looking for their home .
“Some of the main reasons why 'the garden of the city' attracts buyers are the tranquility of its streets , its characteristic architecture and, without a doubt, Plaza Arenales ,” says Sebastián Orlandi, president of Flamma Real Estate . The latter extends over four blocks and is bordered by Bahía Blanca, Mercedes, Nueva York and Pareja streets.
On the other hand, Devoto also offers a wide variety of educational institutions and cultural spaces , which are added to the shopping center and the ever-expanding gastronomic hub.
Arenales Square, an icon of Villa DevotoMariana Milanesi
Today, there are almost no blocks that don’t have developments under construction , something unthinkable less than 10 years ago. Who chooses to live in Devoto? The public that seeks to make the neighborhood founded by Antonio Devoto their home , “are people who already live in the area and don’t want to leave,” says Orlandi. But also, adds the developer: “Many people from the suburbs buy their homes in the area, they come from San Martín, Ramos Mejía or Castelar looking for a neighborhood that provides security in the city of Buenos Aires, but that is not exploited by large projects.”
As for the micro-zones of the neighborhood, “ the developments around the plaza are aimed at local families , everything that is usually built in that area is high-end and it is the most aspirational part of the neighborhood,” says Ximena D'Adam, owner of Century 21 D'Adam, adding that in the rest of the area, “the same line is followed where the offers must be attractive and of good quality, since low-cost constructions are not well received by buyers who choose Devoto .”
The projects in Devoto seek to maintain the characteristic green of the neighborhood
Such is the case of a project located 250 meters from the square , on Salvador María del Carril, which will begin construction at the end of 2024. It will be around 10,000 meters that will be built on four floors , with 30 premium units of three, four and up to five rooms that will range from 80 to 290 m² covered , of which six will have their own SUM and private pool. "With this project we hope to maintain the characteristic green of Devoto, so it will have many native plants from the area," says the president of Flamma Real Estate.
Another development is located on Navarro Street at 5000. The project, which already has 88% of its units sold, began in September 2023 and is expected to be delivered in mid-2025. It will include eight units of two, three and four rooms, ranging from 60 to 137 m² in total . The two-room units have a total value of US$116,000 with a price of US$1,841/m²; the three-room units cost US$136,000 and have a value of US$1,888/m²; and the four-room units were sold for around US$260,000 , with a value of US$1,897/m².
In the area, there are almost no blocks that do not have developments under construction.
One block from Salvador María del Carril's project, on Pareja street at 3600 , a building with eight units, of which only one is still for sale, is about to be delivered. They are four-room apartments of around 300 m² , with a value of US$4000/m² and the unit that is still for sale has a total ticket price of US$1,200,000 .
In this construction, green also plays a leading role: “It has a green terrace, an eight-metre-high vertical garden and a garden in which we planted two adult ash trees and other species to create a green lung,” says Orlandi.
With a palm tree within the same lot, at Cantilo 4600, a four-story building is in the final stage of development, with 75% of its 30 units sold , ranging from studios to four-room apartments. With an initial investment of US$10 million, the apartments start at US$3,000/m² and go up to US$4,000 .
The new developments in the neighborhood have green as one of their main protagonists
A different project is the one being carried out at Salvador María del Carril 5000, but it does not lose the essence of the neighborhood: more than half of its surface will be devoted to green spaces . MilAires began to be developed in 2021 and will be carried out in five stages, of which the first of them is about to begin to be delivered. It is about 220 units of the 870 that the complete project will have, divided into five towers . The apartments range from one to four rooms and have an average value of US$3,400/m² . Of the total project, in just over two years, 80% of the project was sold, achieving a revaluation of 70% with an investment of US$140 million.
www.buysellba.com
Source:
El barrio verde que vive un boom de construcción y tiene hasta dos proyectos en una misma cuadra
Las calles de la zona supieron mantener la esencia a lo largo de los años, pero en el último tiempo tuvo una importante transformación
www.lanacion.com.ar
September 02, 2024
The streets of the area have managed to maintain their essence over the years, but recently they have undergone a significant transformation.
By Candle Contreras
"The garden of the city": the neighborhood has a large number and variety of trees that make it one of its most characteristic featuresMariana Milanesi
The essence of a residential neighborhood with old houses and cobbled streets that escape the hustle and bustle of traffic still predominates in this place, but in recent years Villa Devoto has been changing : bars and restaurants, with important names in the field, have landed to give a different life to an area that is in full transformation .
Its large number and variety of trees is one of its most unique features that make it “the garden of the city.” In ancient times, Devoto had luxurious country houses and mansions that marked that legacy in the current houses that know how to coexist with modern buildings. But, despite the fact that in recent years it has experienced a notable increase in the demand for housing, the Buenos Aires neighborhood maintains its identity and is a magnet for those looking for their home .
“Some of the main reasons why 'the garden of the city' attracts buyers are the tranquility of its streets , its characteristic architecture and, without a doubt, Plaza Arenales ,” says Sebastián Orlandi, president of Flamma Real Estate . The latter extends over four blocks and is bordered by Bahía Blanca, Mercedes, Nueva York and Pareja streets.
On the other hand, Devoto also offers a wide variety of educational institutions and cultural spaces , which are added to the shopping center and the ever-expanding gastronomic hub.
Arenales Square, an icon of Villa DevotoMariana Milanesi
Today, there are almost no blocks that don’t have developments under construction , something unthinkable less than 10 years ago. Who chooses to live in Devoto? The public that seeks to make the neighborhood founded by Antonio Devoto their home , “are people who already live in the area and don’t want to leave,” says Orlandi. But also, adds the developer: “Many people from the suburbs buy their homes in the area, they come from San Martín, Ramos Mejía or Castelar looking for a neighborhood that provides security in the city of Buenos Aires, but that is not exploited by large projects.”
As for the micro-zones of the neighborhood, “ the developments around the plaza are aimed at local families , everything that is usually built in that area is high-end and it is the most aspirational part of the neighborhood,” says Ximena D'Adam, owner of Century 21 D'Adam, adding that in the rest of the area, “the same line is followed where the offers must be attractive and of good quality, since low-cost constructions are not well received by buyers who choose Devoto .”
The projects in Devoto seek to maintain the characteristic green of the neighborhood
“The people of Devoto want to live like in a house”
The area of the square and its periphery is protected by historical protection (APH36), limiting the height of potential buildings, which is why construction companies are aiming for streets a little further away that provide the possibility of building more square meters .Such is the case of a project located 250 meters from the square , on Salvador María del Carril, which will begin construction at the end of 2024. It will be around 10,000 meters that will be built on four floors , with 30 premium units of three, four and up to five rooms that will range from 80 to 290 m² covered , of which six will have their own SUM and private pool. "With this project we hope to maintain the characteristic green of Devoto, so it will have many native plants from the area," says the president of Flamma Real Estate.
Another development is located on Navarro Street at 5000. The project, which already has 88% of its units sold, began in September 2023 and is expected to be delivered in mid-2025. It will include eight units of two, three and four rooms, ranging from 60 to 137 m² in total . The two-room units have a total value of US$116,000 with a price of US$1,841/m²; the three-room units cost US$136,000 and have a value of US$1,888/m²; and the four-room units were sold for around US$260,000 , with a value of US$1,897/m².
In the area, there are almost no blocks that do not have developments under construction.
One block from Salvador María del Carril's project, on Pareja street at 3600 , a building with eight units, of which only one is still for sale, is about to be delivered. They are four-room apartments of around 300 m² , with a value of US$4000/m² and the unit that is still for sale has a total ticket price of US$1,200,000 .
In this construction, green also plays a leading role: “It has a green terrace, an eight-metre-high vertical garden and a garden in which we planted two adult ash trees and other species to create a green lung,” says Orlandi.
With a palm tree within the same lot, at Cantilo 4600, a four-story building is in the final stage of development, with 75% of its 30 units sold , ranging from studios to four-room apartments. With an initial investment of US$10 million, the apartments start at US$3,000/m² and go up to US$4,000 .
The new developments in the neighborhood have green as one of their main protagonists
A different project is the one being carried out at Salvador María del Carril 5000, but it does not lose the essence of the neighborhood: more than half of its surface will be devoted to green spaces . MilAires began to be developed in 2021 and will be carried out in five stages, of which the first of them is about to begin to be delivered. It is about 220 units of the 870 that the complete project will have, divided into five towers . The apartments range from one to four rooms and have an average value of US$3,400/m² . Of the total project, in just over two years, 80% of the project was sold, achieving a revaluation of 70% with an investment of US$140 million.
www.buysellba.com
