Ritz-Carlton to Occupy Striking Buenos Aires Structure

The Ritz-Carlton Hotel Co. plans to open a hotel and residences in a striking 43-story structure planned by developer NorthBaires on the Puerto Madero waterfront in Buenos Aires, Argentina, La Nacion reported. Resembling the Dubai Frame, the US$300-million development will consist of a 39-story tower atop four levels of parking. Hotel rooms and apartments will occupy floors up to nine, with residences above. The National College of Buenos Aires owns the property, which, according to NorthBaires, is the last piece of land in the city where high-rise construction is permitted. Groundbreaking is anticipated in the latter part of 2019, with completion targeted for 2023.