The Real Deal Miami

Jorge Perez brings a condo project to his hometown

His Related Group is co-developing a two-tower project in Buenos Aires, Argentina

May 07, 2016 11:00AM

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Rendering of Puerto Madero in Buenos Aires

Rendering of Puerto Madero in Buenos Aires

Jorge M. Perez, chairman and CEO of Miami-based Related Group, is getting a good reception for a condo project in his hometown: Buenos Aires, Argentina.

Related Group and hospitality company sbe have presold more than half the units in their joint development of a condominium in Buenos Aires called SLS LUX Puerto Madero.

The two-tower development in the Argentine capital city’s upscale Puerto Madero neighborhood will have 128 condos and 64 furnished suites.

Jorge M. Perez

Jorge M. Perez

All of the units in one of the towers are reserved, and 30 percent are reserved in the other tower. The development is expected to open in 2019.

“I’m extremely pleased to launch a project in my hometown,” Perez said in a prepared statement. “I can say with confidence that we share President Obama’s positive outlook on Argentina and that the time to once again invest in Argentina is here.”

Miami-based Piero Lissoni will create interior designs for the project’s public spaces and furnished suites. Swiss architect Enzo Enea will design the landscaping, and Argentina-based VMA is the project’s local architect.