Algodon Wine Estates updates, and other news…

Here is a preview of what our tennis courts may look like after construction is completed in just a few short months. I came across this photo in my email archives, and wanted to share it. These courts were built by the same contractors who are currently building ours. It’s exciting to try and picture. Obviously ours will look even better than this with our Grand Center Court that seats nearly 700 people and is sunken into the ground for panoramic views from above. We’ll also have 8 clay courts, 2 grass courts, and 1 hard court.

Rubén Barsamian sent me the next photo earlier in the week. It shows one of our contractors leveling the courts. As I may have mentioned before, except for the Grand Center Court, as of today the land has all been leveled:

I also received photo updates on the two new reservoirs on our (recently expanded) golf course this week. Here you can see that they have lined the pond in anticipation for its filling:

Very exciting, and all of this will only add even more value to our already remarkable estate.

Earlier this week the New York Times ran this piece on the revitalization of the Barracas barrio in Buenos Aires. This neighborhood is experiencing “spillover rejuvenation from neighboring Puerto Madero and San Telmo, two areas that have benefited from a rise in tourism and a real estate boom. Barracas, near the city’s old ports, means barracks or warehouses. Long since abandoned, many warehouses are being renovated into luxury housing…” Sounds like the “Soho effect”. I’d be curious to know if the article had any immediate impact on real estate sales for the area. I’m betting it did…

--Scott Mathis