Palermo Viejo is a small historic urban space in Buenos Aires that is undergoing a steady transformation into a popular and modern neighborhood. Local design studio Alonso & Crippa undertake a renovation process of a two-storey brick building, transforming it into a clean, minimalist and contemporary residence.
The project is called PH Thames, and it is just an example of how cities are aggregates of modern neighborhoods. From arty districts to bourgeois communal spaces, Alonso & Crippa's work on the historic house is an example of how the introduction of shops, restaurants and offices can change an urban area. Prior to Palermo Viejo's transformation into a modern neighborhood, the space was residential. Now, people are occupying the second floors of the historic houses to make room for commercial development.
Photo Credits: Javier Agustín Rojas
Why This Trend Is Growing
- Urban Neighborhood Transformation
- The renovation of Palermo Viejo into a modern neighborhood demonstrates the trend of urban areas undergoing creative renewal with the introduction of new facilities and amenities.
- Commercial Development in Residential Spaces
- The transformation of historic houses in Palermo Viejo into commercial spaces showcases the trend of utilizing residential properties for entrepreneurial endeavors.
- Minimalist and Contemporary Design
- The clean and modern renovation of PH Thames by Alonso & Crippa represents the trend of minimalist and contemporary design in urban renovations.
Industries Being Reshaped
- Real Estate
- The real estate industry can explore opportunities in repurposing historic or residential properties for commercial and entrepreneurial use, based on the transformation of Palermo Viejo.
- Hospitality and Retail
- With the incorporation of shops and restaurants in the renovated Palermo Viejo neighborhood, the hospitality and retail industries can consider investing in emerging areas for expansion.
- Architecture and Design
- The architectural and design industries can tap into the demand for clean, minimalist, and contemporary renovations by offering their expertise in transforming urban spaces.
