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US$150 Million Residential Project Planned for Former School Site in Olivos
🇦🇷 Argentina /Culture & Society

US$150 Million Residential Project Planned for Former School Site in Olivos

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • A US$150 million residential development is planned for the former Colegio San Andrés site in Olivos, Argentina.
  • The project will feature three towers with a focus on green spaces and wellness amenities.
  • Municipal approval is still pending as developers finalize plans for the 14,000 m² property.

A significant real estate development is set to transform the former campus of Colegio San Andrés in Olivos, Vicente López, Argentina. Developers plan to invest US$150 million to build three residential towers on the 14,000 square meter property, emphasizing green spaces and wellness-focused amenities.

The project, spearheaded by WWAKE Group and Grupo Upgrade, aims to create between 350 and 400 residences. The developers envision each tower catering to different needs: one geared towards families, another for those downsizing, and a third with more compact units. This initiative highlights the scarcity of large, high-quality land parcels in the exclusive Isla de Olivos area.

While the Vicente López City Council initially approved the construction of three towers in 2020, the current municipal administration states that the new project's plans have not yet been submitted for approval. This step is crucial for the project's advancement. The developers are currently finalizing the master plan for submission to the municipality.

The transformation is enabled by St. Andrew's Scots School's consolidation of its campuses. The primary and kindergarten levels have already moved to the San Andrés Campus, leaving only the secondary level at the historic Olivos site. The developers are eager to begin construction once municipal approval is secured.

Today there are no terrains of this scale and quality in Vicente López. We had been looking for an opportunity of these characteristics for a long time.

— Sebastián WolfshonSebastián Wolfshon, commercial director of WWAKE Group, commented on the acquisition of the property and the project's potential.
DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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