Believe it or not Puerto Madero was a dump in the 80s, the renovations started during mid 90s but it wasn't until the beginning of the 2000s that started to develop and becoming the most exclusive area in BA overtime.Can't understand the prices there on some of these properties. Some are double the price per square meter vs. nice areas in Palermo. I heard a lot of people buy there to launder money. Nice area but prices are crazy there.
And yes, it's used for money laundering; no wonder why Cristina Kirchner, Boudu (ex Vice President during Cristina's mandate has been in jail for money laundering) and other corrupted politicians have or had properties there. Alberto Fernandez (the wife beater) lives in an apartment there borrowed by one of his corrupted friends.