IRSA advances with “Ramblas del Plata”, its mega luxury towers project in southern Puerto Madero

Irsa advances with “Ramblas del Plata”, Its new project of 10 luxury towers that will be located Puerto Madero Sur, on the site of the former Sports City of Boca, in front of the Río de la Plata and the Ecological Reserve.

The development, which was first called “Urban Costa”, provides for the construction of 6,400 homes along with offices, commercial premises, a hotel and a coastal pedestrian walk in a field of 71.6 hectaresof which 32 were ceded to the city for a public park.

The company of Eduardo Elsztain The National Securities Commission (CNV) informed on Tuesday that He signed two sales tickets with a local developer For the first stage, which consists of 14 lots with 126,000 square metersrepresentative of 18% of the total soldible surface.

The operation that closed corresponds to Two lots that reach a total area of ​​10,525 square meters joint 40.000.

The price of the transaction was US $ 23.4 million approximately, having paid the 30% to the firm of the ticket, while the 70% remaining, a balance of around US $ 16.4 millionwill be paid with the signing of the Scriptures and delivery of possession.

ISA said that Infrastructure work on the site will begin While advancing in the signing process of the agreements corresponding to the commercialization of the first stage.

Of the 71.6 total hectares of entrepreneurship, 29% will go to private lots (20.6 hectares)while 71% (50.9 hectares) to public uses.

The goal is to recover access to the river, prolong the Costanero Paseo, generate a mixed fabric to revitalize the area and propitiate the Linking the area with the city.

The initiative He received the approval of the Buenos Aires Legislature in December 2021after more than a decade of failed attempts to develop the land that Irsa bought in 1997 society Santa María del Plata for approximately US $ 50 million And that was known as “Solar Maria”.

The real estate project will aim at a medium-high and high-class public segmentwith prices that they calculate that the US$ 6.000 The square meter.

The works of the first stage are planned to begin in the coming months, with the expectation that The first homes are available in 2028. But The complete development would be ready only in a decade.

So, The first phase will be around the central baywith lots destined for mixed uses, with preponderance of housing, a commercial part and a longitudinal pedestrian walk that will travel the bay.

In the second stage, it will be developed THE LOTO TO THE CITYwhile the third contemplates The peninsula that gives on the river. There the remaining plots grouped in 15 new apples would be gradually completed.