Historic Alpargatas Factory in Buenos Aires to Become US$100 Million Luxury Complex

The heart of Barracas, a neighborhood steeped in Argentine industrial history, is set to beat anew. The iconic "Fábrica Uno" of Alpargatas Argentinas, a company that once symbolized national textile prowess since its founding in 1890, is shedding its decades of abandonment and neglect.

This isn't just another demolition and rebuild; it's a resurrection. The "Palacio Molina" project, a US$100 million investment, aims to breathe life back into the very structure that housed the origins of an empire. Its industrial architecture, characterized by exposed brick and Romanesque arches, will be preserved, a testament to its past, while transforming into a modern haven of 187 lofts, offices, and commercial spaces.

For years, the decaying factory has been a melancholic landmark, a visible reminder of a bygone era. Now, it promises a vibrant future, with pre-sales already exceeding expectations. This transformation signifies more than just urban renewal; it's a reclamation of heritage, a fusion of Argentina's industrial legacy with contemporary aspirations. The project is a bold statement about the enduring spirit of innovation and development within Buenos Aires.

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Nos está yendo muy bien, hicimos una venta previa para conseguir fondos y comprar el terreno: lanzamos 100 lofts y vendimos 80