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Celebrations for Technology District


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The recently inaugurated Technology District of Buenos Aires is celebrating after attracting more than a hundred businesses. The event was attended by the Head of the Buenos Aires city government and marks the success of this risky urban development project. The idea of constructing a specialised business and technology district in one of the most rundown neighbourhoods of Buenos Aires: ParquePatricios. The Buenos Aires Technology District, or Distrito Tecnológico as it’s known in Spanish, went from being an idea to construction and today this business district is changing the face of ParquePatricios. So far, 104 business in the IT and communication field have chosen to set up shop in ParquePatricios where they are producing products and services for national consumption and exportation to the global market.

distrito-tecnologico-mapa

This type of district exists in most international cities and the Buenos Aires Technology District is bringing Buenos Aires in line with other business capitals of the world. The positioning of the Technology District in ParquePatricios is alsopart of a plan to reduce the stress felt on the microcentro business district of downtown Buenos Aires. Currently, the microcentrois oversaturated and there are problems with traffic and high prices. The Distrito Tecnológico offers businesses a more affordable location in an area that it’s set to flourish.

New specialised districts are popping up all over Buenos Aires and the Distrito Tecnológico is part of a government scheme to focus expertise and business in centre areas, easing the strain on the city centre and encouraging creativity and development. Over the next few years the government is going to introduce an audio-visual area in Palermo (Distrito Audiovisual), an Arts district (Distrito de las)in La Boca, in Barracas there will be a design district (Distrito de Diseño y Distrito Cívico). Plus there will be a logistic district and another specialised Sports area of the city.

Another 40 national and international companies are set to establish offices and headquarters here, taking advantage of the improvements in ParquePatricios neighbourhood thanks to this new government initiative. Some of the improvements include: the extension of the H line subway, more police presence, improved street lighting, security cameras and a new police station in the area. Having attracting over one hundred businesses in such little time, the Buenos Aires Technology District looks set to become an important centre for business and technology. The Buenos Aires real estate market is also going to be affected as property prices and demand in the ParquePatricios area increase.

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