Algodon Mansion Update!

Here is a nice update from our architect, Pedro Lagleyze, on the construction progress of our Buenos Aires luxury hotel:

“Scott - As we expected, on Wednesday afternoon we met on the worksite with Gerhard Heusch and the construction company to determine what to do with the existing marble cladding. We came to the decision that we will maintain the existing work and make some adjustments. We also took this opportunity to resolve several outstanding issues.

Regarding current progress, the balance of work form our new main contractor is more than positive. Much progress has been made toward the finishing stages (floor carpentry, equipment carpentry, painting, etc.) during this week, and will continue through the next.

Currently, marble work has been completed on the upper floors and the stucco work is moving along quickly. We’ve already started the wood flooring work, and the painters will come next week. In the spa, we will be working on the completion of the roof in the coming weeks. The marble work is finished there, and the stucco will start this week.

In the basement, work in the service areas is almost finished and the toilets and plumbing are already functional, as are the changing facilities for the staff. Regarding the kitchen, I suppose you're aware of recent changes requested by the chef. Next week we´ll get the final design in order to modify and finalize this sector once and for all. In relation to the area of public bathrooms and offices, once Gerhard and the contractors define the design of the marble, we will be in position to start the task and prepare the site for the arrival of the metal ladder.

The ground floor, as usual in this type of work is more concerned with the general movement of the work. Yet we are moving strongly in its final configuration. In that sense it is very important to define the ceiling to use. The elevators are up and running and only lack the interior design for its implementation.

The façade is finished on the upper floors, and the ground floor work will begin to take place in the coming weeks.

We are working hard and continue with the aim of finalizing the work for August. If we achieve this objective, the balance will be two years of work at a cost per square meter of USD $2,500. Not bad for our unique product in this market. - Pedro Lagleyze, Arquitecto”

Sounds like things are rolling along nicely! We’re almost there…

--Scott Mathis