Puerto Madero, Buenos Aires
Puerto Madero is a district of Buenos Aires, capital of Argentina, and is considered one of the most successful recent waterfront renewal projects in the world. The name came from Eduardo Madero, a local businessman who was in charge of the construction of a port in the area, designed to receive large ships. The construction ended in 1897, but in 1926 another port was inaugurated in La Boca neighborhood, wich was better located and made the docks of Puerto Madero superfluous.
It remained abandoned until the 1990’s, when a massive effort to recover the area made by local and foreign investors transformed the neighborhood into a modern and luxurious corporate and tourist center, with hotels, cultural centers, state of the art business and residential buildings, designed by renowned architects such as Norman Foster, Phillipe Starck and Santiago Calatrava, and the recently opened Fortabat Art Museum.
The old warehouses were transformed into restaurants and residential lofts, and are the trademark of the largest urban renewal project in the city of Buenos Aires.