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Real Estate News The incredible passages of Palermo SoHo: how much does it cost to live in these lofts, PH, art and gastronomy spaces? - Infobae

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The incredible passages of Palermo SoHo: how much does it cost to live in these lofts, PH, art and gastronomy spaces? - Infobae
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Dcember 08, 2024


In what was known as “Palermo Viejo”, near Plaza Cortázar (formerly Serrano), these corridors attract a young public looking to live in an area with services and a bohemian atmosphere in Buenos Aires.



ByJose Luis Cieri





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The Pasaje Santa Rosa, one of the ones in Palermo SoHo that attracts tourists and visitors, its graffitied fronts invite those who walk through them to take photos (Photo Courtesy: Pablo Bedrossian)

In the heart of Palermo SoHo, the Russel, Santa Rosa, Soria and Coronel Cabrer passages are a unique corner of the city of Buenos Aires. These small streets, laid out at the end of the 19th century as part of Villa Alvear, stand out for their neighborhood charm and capture the interest of those looking to buy or rent in this area of the multifaceted Buenos Aires neighborhood.



Located near Plaza Julio Cortázar (formerly Serrano) , the passages are characterized by PH-type housing, lofts and establishments linked to gastronomy and art. Its proposal attracts a young public that prefers to live in a radius delimited by streets such as Honduras, El Salvador, Guatemala, Thames, Serrano and Gurruchaga, among others.

What was originally a modest layout, designed by the architect Juan Antonio Buschiazzo , became a symbol of change and urban renewal. This professional (born in Italy in 1845 and died in Buenos Aires in 1917), was appointed in 1880 by the mayor Torcuato de Alvear as director of the Department of Public Works of the Municipality, a position he held until 1887. During his administration, he led projects such as the opening of Avenida de Mayo —which included the modification of the Cabildo—, the demolition of the Vieja Recova and the remodeling of the Recoleta Cemetery.



Villa Alvear , as the Palermo area was initially called, was created with the intention of being a space for workers. With streets bordered by avenues such as Santa Fe and Scalabrini Ortiz and a design that included small squares and these emblematic passages, the neighborhood sought to respond to the needs of an expanding city.





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The Palermo SoHo area next to Plaza Julio Cortazar, formerly Serrano, where the Soria, Russel, Coronel Cabrer and Santa Rosa Passages are located

“In the 1980s, chroniclers such as León Tenenbaum (who wrote books and articles on architecture, among other topics) described this place as a space with hip movements in its narrow streets, low houses and a tango flavor that evoked a small Montmartre in Buenos Aires ,” Pablo R. Bedrossian , an expert in urban heritage who also blogs about the city , highlighted to Infobae.



However, modernity came to this enclave with an unexpected twist: urban art, innovative shops and a postmodern identity that connected it to the present without losing its essence.

Tour

The narrow, curved Russel Passage features facades decorated with murals and low houses that blend the neighborhood's nostalgia with modern creativity.





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Crossing of Russel and Borges Passage

The Pasaje Santa Rosa , with its unique microclimate, alternates houses with colorful artistic interventions and a cultural legacy that includes having been the residence of figures such as Natalia Oreiro,” Bedrossian said.





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In the Russel Passage, works by artists such as Josefina Di Nucci, who pays homage to Borges, and Chispa, with her “cyclist on the moon” stand out (Photo Courtesy: Pablo Bedrossian)

The Pasaje Soria impresses with its peaceful character and various graffiti, while Coronel Cabrer retains an intimate atmosphere, with murals of comic book characters that contrast with the serenity of its facades.

Julio Cortázar Square connects these passages with the cultural life of Palermo SoHo. Its artisan fair, its open-air bars and the vibrant atmosphere of Borges Street —formerly Serrano— complete a scene that combines the literary past with the artistic present.





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Bohemian air in the Cabrer Passage

“It is no coincidence that Borges mentioned Pasaje Russel in his story Juan Muraña , nor that this place inspires new generations of artists and writers,” explained Bedrossian.

Narrow and sought after

One of Palermo SoHo's hidden gems, Pasaje Soria combines history, art and modernity. Narrow and cobbled, its low houses and murals combine the bohemian energy of the area with the tranquility of a residential environment.





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They are streets with very colorful houses on their fronts.

The place attracts those who seek to live surrounded by art and culture, without giving up the calm of a space isolated from the hustle and bustle.

Martín Pinus , of Martín Pinus Real Estate, highlighted a unique property within the passage: a 180-square-meter ground-floor loft with a modern design and natural elements. “It is a true oasis in the city. The unit has a large outdoor deck adorned with vines and a reflecting pool that visually connects with the interior through full-wall windows. This not only provides natural light, but also a relaxing environment that perfectly matches the energy of Palermo SoHo.”





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A loft for sale in Pasaje Soria (Photo Courtesy: Martín Pinus Real Estate)

The low-rise building where this property is located maintains its original style, with an entrance that reflects the artistic character of the neighborhood. The main door, surrounded by a metal cladding decorated with graffiti, surprises tourists and locals who walk through the passages of the area.



In the area there are several houses for sale, some to be renovated, with values exceeding USD 180,000 and surfaces of more than 80 m2, with a patio.


These details, along with the cul-de-sac murals , such as those by Flavio Valente , consolidate the passage as a cultural highlight. According to Pinus, this environment, more than a home, offers a unique experience in a space that combines privacy and urban art.





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Street art is present in the Soria Passage (Photo Courtesy: Martín Pinus Real Estate)

The loft, spread over two levels, offers spaciousness and functionality. On the ground floor, it includes an integrated area with an open kitchen, living room and dining room, as well as a toilet and a covered laundry room. On the mezzanine, two bedrooms share a full bathroom.

Pinus pointed out that, despite maintaining its original state, the property is in excellent condition and is versatile enough to adapt to the needs of its future owners. “It is ideal for couples, artists or young professionals looking for a balance between design, comfort and strategic location,” he said.





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The houses are usually PH or Loft in this area of Palermo

With a current value of USD 400,000, this property is presented as an attractive investment for those who wish to be part of one of the most dynamic and exclusive neighborhoods in the city.

Vanesa Sasso , from Century 21 Medeot Minujen Palermo, pointed out that the properties in these passages are very exclusive due to the characteristics they offer: open spaces, little traffic and greater security, while maintaining proximity to well-known bars and restaurants in the area. “In general, these houses and PHs are sought for permanent housing rather than as an investment, which reinforces their residential and exclusive profile,” she commented.





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The area is also dynamic and there is a large presence of gastronomic establishments.

Property values in these passages are usually above the neighborhood average. A 4-bedroom house with 157 m2 of floor space, for example, has a listed price of USD 490,000; these buildings, which are mostly more than 90 years old, have been completely renovated to adapt to current demands.

In recent cases, such as in Pasaje Soria, low-rise buildings were built where a studio apartment for temporary rent costs USD 55 per day, while a 1-bedroom apartment of 117 m2 is for sale for USD 480,000.





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They are narrow passages that tempt a young demand (Photo Courtesy: Century 21)

The passages, with their bohemian character and tranquility, bring a unique value to Palermo SoHo. “Those who choose to live here are looking for more than a property, they are looking for a different experience,” concluded Sasso.

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