It’s called “Project Urban Coast“It was officially presented this Thursday and will mean one of the greatest transformations that the City will experience in the coming years. But above all, it will come to give life to the former Sports City of Boca Juniors, the property that for decades has been unused in Costanera Sur. What will there be? A Park public, a coastal walk, another pedestrian route, households, shops and various ventures.
The development was presented by the company IRSA, owner of the land, after the Buenos Aires government announced that it had reached an agreement with the firm and that it will send a bill to the Buenos Aires Legislature next week for approval. The company will yield 47 of the 71 hectares to build a public space, in exchange for authorization to build the neighborhood on the rest of the plot.
Within the framework of the agreement with the City, the company not only cedes these lands but also undertakes to take care of the park maintenance for 10 years. In addition, it will finance part of a special fund that the Buenos Aires government will create to develop urban projects in other areas of the Capital.
The office has to be approved once, then submitted to a mandatory but non-binding public hearing, and subsequently has to be voted on a second and final time. In both cases, with at least 32 votes (In principle, the ruling party has them).
The Costa Urbana development, in the former Boca Sports City, will combine buildings with pedestrian walkways and green spaces.
After the double legislative approval, which could take place between now and the end of the year, the company could start work. Although given the magnitude of the project, the development will progress over the next 15 to 20 years, they estimated in the company. A transformation quite similar to the one that took place in Puerto Madero.
What will it consist of? The future neighborhood “Costa Urbana” has two sectors. A free access park will be set up in the 47 public hectares, with a 4.2 kilometer walk with bike paths and a waterfront through which residents can get to see the Río de la Plata.
In addition, in that public space there will be a water mirror, fed by the river itself.
These facilities will occupy more than half of the plot, located south of the Ecological Reserve and the urbanization of the Rodrigo Bueno village. Arriving along Avenida España, the park will be 550 meters wide and between 1,300 and 1,500 meters long depending on the side, ending in a coastline of about 480 meters.
The park of the future urbanization will better connect the city with the Río de la Plata.
The remaining segment of the land is the one that is further south, bordered by the extension of Avenida España, and towards the Demarchi island sector.
In that area is where IRSA constructions will be allowed. There will be two parts: first, a pedestrian corridor that will be flanked by two “strips” of building blocks, which will have ground floor and between 6 and 10 floors, approximately. The second strip, well to the south, will have buildings that are more remote and taller (the top is 98 meters).
In addition, in the water mirror, there will be a kind of peninsula, circular in shape, which together with private constructions will also have a sector attached to the pedestrian walkway, and will end up functioning as a lookout towards the park and the water.
This is how the former Boca Juniors Sports City has been for decades. In the background you can see the urbanization of the Rodrigo Bueno village and the southern end of the Ecological Reserve. Photo: Rafael Mario Quinteros
Most of the buildings will be used for households. But the idea is that there is a “mixture of uses”, as it is defined cadastral. Therefore, next to the houses there will be commercial premises, restaurants, offices and other undertakings, from a sanatorium or a hotel to educational establishments.
“We estimate that this new area will house about 6,000 families. Our intention is for Costa Urbana to have as diverse a population as possible. There will be units of all measures because it is unthinkable to make 6,000 departments for the highest socioeconomic segment, “explained Eduardo Elsztain, president of the IRSA group.
Between buildings, service infrastructure, public spaces, opening of streets and other facilities, an investment of about 1.8 billion dollars is expected. In IRSA they assured that some 10,000 jobs direct during construction.
The former Sports City is a coastal fill that began to be assembled in 1965, and that Boca Juniors inaugurated in 1975, with swimming pools, tennis courts, a confectionery and an amusement park. But the comprehensive project, which included a stadium for 150,000 people, could never be completed due to financial problems, so the land was abandoned. In 1991, Boca sold it.
Since then IRSA has developed several projects to develop the land. But the Buenos Aires Legislature never approved.