The balcony of an apartment about to be delivered in a development that takes its final steps at the intersection of Carranza Street and Córdoba Avenue, in the Chacarita neighborhood (Photo Courtesy: Newland)
La Chacarita was once again highlighted by the magazine Time Out as one of the 40 coolest neighborhoods in the world, leading among the top three in Latin America. This recognition is due to its vibrant mix of tradition and modernity, where streets coexist with urban art, innovative cafes and projects that reflect the creativity and uniqueness of the place. The Buenos Aires neighborhood, also known for its famous cemetery where famous figures, such as musicians, rest. Carlos Gardel, Gustavo Cerati y Gilda, the boxer Oscar Ringo Bonavenaand the prestigious painter Benito Quinquela Martinamong others, became a cultural epicenter that attracts both tourists and residents in search of an authentic experience.
The growing interest in Chacarita lies not only in its multifaceted offering, but also in its attractiveness to investors. Demand for properties, both for purchase and rental, has increased significantly, in part due to new developments that are transforming areas of the neighborhood.
The intersection of streets 6 and 33 in the Chacarita cemetery where the mausoleum of Carlos Gardel is located, one of the most visited even today
With prices that are still competitive compared to other Buenos Aires neighborhoods, Chacarita offers an opportunity for those seeking to capitalize on its boom and the expectation of revaluation. More than 35 modern projects (among which are taking their first steps and are about to be completed) coexist with historical architecture, renovating key areas and consolidating the neighborhood as a future real estate boom in the city of Buenos Aires.
Chacarita is delimited by Elcano Avenue, the General Urquiza railroad tracks, Del Campo, Garmendia, Warnes, Dorrego avenues, the San Martín railroad tracks, and Córdoba and Álvarez Thomas avenues.
There are currently more than 35 buildings under construction that seek to renew the neighborhood (Photo Courtesy: architect Guy Kandel)
In recent years, it has experienced a significant transformation, especially with the creation of the Audiovisual District, promoted by the Buenos Aires Government.
This district covers areas of La Paternal, parts of Palermo, Colegiales, Chacarita and Villa Ortúzar. The initiative attracted companies from the audiovisual industry, generating a domino effect with the arrival of new businesses and residential projects.
Fernando Lorenziarchitect of the INFILL studio, highlighted Infobae that it is a neighborhood “with an identity”, defined by its clear boundary and an essence that is felt when walking through it.
“The accessibility and greenery of the neighborhood should be highlighted, in addition to its unique urban planning, with a mix of heights between avenues and residential streets,” he said.
La Algodonera, where the textile factory called Manufactura Algodonera Argentina operated. Currently, this space houses homes and commercial premises on Avenida Córdoba and Santos Dumont.
According to Lorenzi, the urban fabric is highlighted by landmarks such as the Barrio Parque Los Andes, the Algodonera (an industrial building that was recovered and today houses a shopping center and homes on the corner of Santos Dumont and Avenida Córdoba), the cemetery and the Mirador Comastri. (building built in 1875 and declared a Site of Cultural Interest, it is an architectural symbol of the area, standing out for its iconic viewpoint. Currently, it houses Technical School No. 34).
“This combination, along with a growing gastronomic offer and low urban density, is what makes it a cool neighborhood,” he stated.
The historic housing complex designed by the famous architect Fermín Bereterbide: the Parque Los Andes neighborhood between Leiva, Rodney, Concepción Arenal and Guzmán streets, in one of the Buenos Aires layouts with the greatest real estate future (Photo Courtesy: Buenosaires.alpaso)
Lorenzi suggested that avenues such as Warnes and Dorrego have the potential to grow in height. To consolidate the neighborhood, it would be key to recover urban areas close to the cemeteries and protect their funerary architecture with a serious heritage program.
Lacroze, Jorge Newbery, Álvarez Thomas and Dorrego avenues concentrate the new housing projects. Likewise, Chacarita maintains its essence of a low neighborhood, with tree-lined streets that invite you to explore it.
Beyond its reputation as a cool neighborhood, Chacha (as the Chacarita Juniors club is also known, another neighborhood symbol that has its headquarters in the area and its stadium in the San Martín district) always had its charm. “I highlight the post-pandemic gastronomic scene, with signature restaurants and bars that placed the neighborhood on the podium of Buenos Aires offerings. Its eclectic architecture, which includes old factories and chorizo houses, contrasts with modern buildings,” Castro added.
Avenida Córdoba and Jorge Newbery, another axis with homes under construction in the vicinity
The Chacarita neighborhood, home of emblematic figures such as Carlos Balacontinues to be a growing epicenter, especially around Álvarez Thomas and Federico Lacroze avenues. This area, where the beloved actor who passed away in 2022 lived, is emerging as a key focus of real estate development, attracting new investors and residents.
The architect Guy Kandel is part of this transformation, culminating in the delivery of the last units of the building at Álvarez Thomas at 900, with 54 homes in total. “This project is mainly aimed at a middle/upper-middle class audience, with options ranging from 30 square meter studio apartments to 58 m2 two-room apartments.”
Since the start of the work three years ago, well prices have increased, going from USD 1,650 to USD 2,200 per m2. The homes, with modern design and quality materials, include affordable studio apartments for USD 60,000 and two-room apartments for $125,000.
Work in progress on Avenida Álvarez Thomas at 900
“The units have balconies, radiator heating, and pre-installation of air conditioning, offering comfort and quality to future owners,” said Kandel.
It is a neighborhood that is in full swing, showing signs of growth with works on almost every block, with Elcano Avenue (between Charlone and Roseti) particularly standing out, in a property that previously housed the headquarters of the Jehovah’s Witnesses Association and was the headquarters of FOA House in 2021, a residential complex is built.
Elcano District, Casa FOA was built there in 2021 and will now be converted into a modern enterprise
Sebastian Sommerdeveloper of the project, pointed out that “this area, previously designated for warehouses, has great potential for improvement in urban planning, security and quality of life.”
The objective of the complex, called Elcano District, is to generate a unique environment that combines urban diversity with modernization, positioning itself as an autonomous neighborhood within Chacarita.
The gastronomic corridor on Jorge Newbery and Dorrego avenues, known as “Chacalermo”, is one of the focuses of this growth. This term reflects the influence of the Palermo Hollywood boom and made the area a point of interest for singles and young couples between 25 and 45 years old. The mix of signature cafes, exclusive restaurants and bicycle shops captured the attention of this modern and active public, driving real estate demand.
Fraga neighborhood with its own square within Chacarita
Sommer pointed out that Chacarita will combine elegant and premium proposals, with prices still below Palermo but comparable services. “Chacarita is like Palermo Hollywood in 2000, with wineries, warehouses and PH. The mix of commercial and residential uses attracts young singles and families due to its proximity to schools and services.”
What was once an area of mechanical workshops and industrial buildings is now home to bars, restaurants, vermuteríasdesign shops and cafes.
Sofia GrinbergNewland’s marketing manager, highlights that its project on Carranza Street and Córdoba Avenue is in the final stage of construction and the first homes will be available in the first months of 2025. The units are being finished with equipped kitchens and bathrooms, and common spaces such as the SUM, gym, laundry y coworking They are being furnished.”
Charlone and Maure (Photo Courtesy: Buenosaires.alpaso)
The “overflow” of Palermo has extended its influence to Chacarita, which now competes with gastronomic centers and spaces trends. Its good connectivity and proximity to avenues facilitate access to other areas.
“Apart from growth, it continues to be low density and high demand, with prices from USD 2,530/m2, flexible financing and attraction for both investors and young people in search of modernity and tranquility,” concluded Grinberg.
