A premium residential complex developed by NorthBaires, and located where the old offices of the Polka production company operated, is revaluing an area of the city that today vibrates as the new epicenter of trends with its shops, bars, design and young life. A new stage of the program goes on the market to buy in installments in an extraordinary condominium with gardens and swimming pools between Jorge Newbery, Maure and Álvarez Thomas and Córdoba avenues.
An area of Palermo is undergoing an astonishing transformation these days, which is reflected in the demand for properties to live there. Located in the triangle between Colegiales, Belgrano R and Chacarita, the so-called Chacalermo is consolidated as the most sought after neighborhood in the city of Buenos Aires and as an example of urban development with respect for the imprint and culture of the neighborhood.
The developer NorthBaires, owner of the prestigious OM building brand, was one of the first to detect the phenomenon that was projected over the area, and launched a real estate project unique in dimensions and services, with all the characteristics of this new hub of the city. Today, with the work started and with deliveries scheduled within 30 months, OM Palermo (www.northbaires.com.ar/emprendimientos/om-palermo), has established itself as a benchmark in the young premium segment due to its location, its amenities and its functionalities: a building designed to be the trend in a trend-setting neighborhood.
But what has the most impact on the market is that OM Palermo offers a unique purchase modality: the developer allows you to purchase a unit of the complex financed in 70 installments for an amount that almost represents the value of a monthly rental. And even more: the purchase model allows the owner to finish paying in the years after moving, while already living there.
Given the strong demand registered, the company launched a new batch of properties under this modality in September. Located where the old offices of the Polka production company operated, on an extraordinary piece of land between Jorge Newbery, Maure and Álvarez Thomas and Córdoba avenues, with 35 meters of frontage on both exits, OM Palermo is a residential complex financially and architecturally conceived for the segment young premium, which makes that area of the city a pole of trends.
The cobbled streets, with large trees and green spaces, and classic Buenos Aires architecture offer a perfect mix for recreation and the development of urban aesthetics between the vermuterias, the cafes on the corners, the art galleries and the author’s establishments of different items. This mix of trends and landscapes gives it a charm comparable to the Le Marais neighborhood in Paris, which is characterized as the epicenter of young life and cultural offerings.
In this new sales stage, the developer allows the purchase of the complex’s residences in such a way that those who purchase a unit end up paying for it in 40 monthly installments after moving in, which is a unique format in the current market.
The model is simple: with an advance payment of 30% of the total unit, you access a payment plan that consists of 70 installments payable over 6 years in two installments. The first 30 installments are paid during the development of the complex, which is already under construction and will be completed in 30 months, and the second 40 installments are paid after the delivery of the unit, already living in the acquired residence.
For investors, this project has a high level of interest among users of temporary rental platforms, such as AirBnB, due to its characteristics. From the area where it is located to the typologies of the units, the project is extremely attractive for the temporary rental model.
The units, mostly one, two and three-bedroom, start at $86,000 (a 33 M2 studio apartment, with a balcony). In that case, the advance payment would be $25,800, and in the first 30 months the payment would be $860 per month. The owner takes possession of his unit and after having moved into his own house, he will pay 40 installments equivalent to $980 per month.
The company even developed a virtual calculator and uploaded it to the project site (https://northbaires.com.ar/calculadora/) so that interested parties can estimate the fees they would pay based on the unit they are interested in.
The complex is unique, and consists of two buildings of 12 floors each located in the middle of a lot of dimensions unthinkable for the area. The land occupies a third of the block. It has 35 meters of frontage on both exits and 68 meters deep, offering a total of 270 apartments and exclusive services, a landscaped garden, swimming pools, rooftops and a huge internal coworking.
Arriving first has its benefits: OM Palermo is the trend, in the neighborhood that sets trends.
by CEDOC
