Miami and the Argentines

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Miami and the Argentines

Some foreign buyers come to South Florida because of political instability and lack of security in their countries, others because of the sunny weather, beaches and everything else Miami has to offer.

Whatever the reason, Miami has become one of the most desired international real estate markets. And while buyers from Russia, Brazil, Colombia and Venezuela have drawn the biggest headlines for their respective impacts, lately Argentines have not received nearly enough attention for their significant contribution to the local economy. Some of this may be due to the nature of Argentines themselves, who tend to be quite modest and discreet. But it would seem that the days of Argentines flying under Miami’s “real estate radar” are in the past. Some of Miami’s most visible and exciting new projects are being created by developers with deep roots in Argentina, including:

  • Mid-Miami Beach’s acclaimed Faena District, a six-block project that features luxury hotels, bars, condominiums, a cultural center and a retail complex, from the visionary mind of Argentine developer/artist Alan Faena.
  • The Aston Martin Residences, the car maker’s first branded condominium project, which recently broke ground. The 66-story building located at the mouth of the Miami River is being developed by G&G Business Developments, a Miami-based firm owned by Argentine supermarket magnate German Coto and his mother Gloria.
  • The Oceana-branded condominiums in Key Biscayne and Bal Harbour, created by Buenos Aires native (and international art collector) Eduardo Costantini.