Puerto Madero - the New Waterfront of Buenos Aires
Buenos Aires' Puerto Madero, one of the most successful waterfront renewal projects in the world Puerto Madero, also known within the urban planning community as the Puerto Madero Waterfront, is a barrio (district) of the Argentine capital at Buenos Aires CBD, occupying a significant portion of the Río de la Plata riverbank and representing the latest architectural trends in the city of Buenos Aires.
The New Port of Buenos Aires was completed in 1926, making the existing Madero docks superfluous. Though these continued to serve in ancillary port functions, the zone gradually decayed, becoming one of the city's most degraded areas, a mixture of warehouses and large tracts of undeveloped land. In 1925, 1940, 1960, 1969, 1971, 1981 and 1985, successive proposals were put forth with the intent of urbanizing the old port, or to demolish it outright; none of these plans came to fruition, however.
In the 1990s, local and foreign investment led to a massive regeneration effort, recycling and refurbishing the west side warehouses into elegant houses, offices, lofts, private universities, luxurious hotels and restaurants that conform to a gallery of options for this new district in a city that grew up turning its back to the river. Led by the 1999 opening of the Buenos Aires Hilton, luxurious hotels, state-of-the-art multiplex cinemas, theatres, cultural centres, and office and corporate buildings are located mostly in the east side
Puerto Madero has been redeveloped with international flair, drawing interest from renown architects such as Santiago Calatrava, Norman Foster, César Pelli and Phillippe Starck, among others. Today one of the trendiest boroughs in Buenos Aires, it has become the preferred address for growing numbers of young professionals and retirees, alike. Increasing property prices have also generated interest in the area as a destination for foreign buyers, particularly those in the market for premium investment properties.
The neighborhood's road network has been entirely rebuilt, especially in the east side. The layout of the east side consists currently of three wide boulevards running east-west crossed by the east side's main street, Juana Manso Avenue. The layout is completed with some other avenues and minor streets, running both east-west and north-south, and by several pedestrian streets.
Source: Wikipedia.org
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