Dimond's no Buenos Aires, but...
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daniels...@aol.com
Feb 10, 2009, 10:08:48 PM2/10/09
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we could borrow some ideas to make the most out of a recession
During
2001 Argentina's
economic collapse, 30 percent of the population was unemployed, and
pennyless
-since their savings were caught in the broken banks and available at
200
dollar a week paid in 70% devalued pesos per original dollar
deposited.-
During that period, however, young professionals moved to a cheap, blue-collar old Buenos Aires neighborhood -named Palermo by Italian immigrants- and transformed it into the most successful area of Buenos Aires: Palermo Soho and Palermo Hollywood.
They did it in small groups of 3 to 4 under-35 year old entrepreneurs, buying ruined and abandoned houses -like the one below- with initial investements of around 10,000 dollars.
The
now self-employed
architects and engineers
renovated the old houses,
transforming them into boutique
hotels, restaurants, art
galleries, stores
and private
homes.
Those in the restaurant and art businesses moved from expensive downtown Buenos Aires rents into the new places.
Those with business degrees and good English started publicizing Palermo in US and European newspapers.
Thanks to the tech-savvy, they used e-performance to link their offerings to international tourism-related Web sites such as Expedia, Priceline and all major US and EU newspapers, so tourists could check and make reservations directly of all the services and products.
Soon, an avalanche of tourists -attracted by the Web-informacion as well as the peso devaluation- started roaming through the neighborhood, patronizing their stores and restaurants and "getting out the news" to their countries of origin.
Old
homes like this one
-bought under 35,000 dollars- are now
listed and sold to nationals and internationals on an
average of
350,000, redesigned and redecorated by argentinian architects and
engineers,
with argentinian young artists art and furniture.
Palermo's entrepreneurs started also a small film industry, producing art and TV films subsidized by the government and attracting Hollywood stars and moguls such as Francis Ford Coppola, Madonna, Robert Duvall and Robert de Niro to film in and buy houses in Palermo.
Coppola filmed his last picture in the street below, with its old houses painted and decorated by young argentinian artists.
The
entire neighborhood
organized itself as a business ecosystem, creating clusters of
compatible
businesses -hotels, restaurants, stores, art galleries, developers and
builders- organized block by block to offer a unique client experience
to
tourists and locals and to keep everthing clean, safe and organize
street
commerce -from high end to street sellers- in a harmonious way.
At the time of the present crisis, Palermo remains strong, backed by steady income from tourism -both cultural and recreational- that chooses its calm and creative neighoborhood hotels, low prices and toursit-friendly, English-speaking young waiters,
restaurateurs and artists.
Check clicking here a video showing the place with a rock and roll song referred to them, the "locos de Buenos Aires" (Crazies from Buenos Aires) as they were called at first.
Today, they don't laugh anymore at them: they buy their houses, eat at their 200 restaurants and shop at their stores, which in total provide income and jobs for an estimate of 45,000 families.
How can we use Palermo's lessons in building our own ecosystems?
In Argentina, other neighborhoods, such as Boedo and La Boca have already followed the ecosystem idea.
______________________________________________
References
Analysis,Research
& Discussion Blog
Saturday, January 31, 2009
The power of ecosystems: the Palermo case
During
2001 Argentina's
economic collapse, 30 percent of the population was unemployed, and
pennyless
-since their savings were caught in the broken banks and available at
200
dollar a week paid in 70% devalued pesos per original dollar
deposited.- During that period, however, young professionals moved to a cheap, blue-collar old Buenos Aires neighborhood -named Palermo by Italian immigrants- and transformed it into the most successful area of Buenos Aires: Palermo Soho and Palermo Hollywood.
They did it in small groups of 3 to 4 under-35 year old entrepreneurs, buying ruined and abandoned houses -like the one below- with initial investements of around 10,000 dollars.
The
now self-employed
architects and engineers
renovated the old houses,
transforming them into boutique
hotels, restaurants, art
galleries, stores
and private
homes.Those in the restaurant and art businesses moved from expensive downtown Buenos Aires rents into the new places.
Those with business degrees and good English started publicizing Palermo in US and European newspapers.
Thanks to the tech-savvy, they used e-performance to link their offerings to international tourism-related Web sites such as Expedia, Priceline and all major US and EU newspapers, so tourists could check and make reservations directly of all the services and products.
Soon, an avalanche of tourists -attracted by the Web-informacion as well as the peso devaluation- started roaming through the neighborhood, patronizing their stores and restaurants and "getting out the news" to their countries of origin.
Old
homes like this one
-bought under 35,000 dollars- are now
listed and sold to nationals and internationals on an
average of
350,000, redesigned and redecorated by argentinian architects and
engineers,
with argentinian young artists art and furniture.Palermo's entrepreneurs started also a small film industry, producing art and TV films subsidized by the government and attracting Hollywood stars and moguls such as Francis Ford Coppola, Madonna, Robert Duvall and Robert de Niro to film in and buy houses in Palermo.
Coppola filmed his last picture in the street below, with its old houses painted and decorated by young argentinian artists.
The
entire neighborhood
organized itself as a business ecosystem, creating clusters of
compatible
businesses -hotels, restaurants, stores, art galleries, developers and
builders- organized block by block to offer a unique client experience
to
tourists and locals and to keep everthing clean, safe and organize
street
commerce -from high end to street sellers- in a harmonious way.At the time of the present crisis, Palermo remains strong, backed by steady income from tourism -both cultural and recreational- that chooses its calm and creative neighoborhood hotels, low prices and toursit-friendly, English-speaking young waiters,
restaurateurs and artists.
Check clicking here a video showing the place with a rock and roll song referred to them, the "locos de Buenos Aires" (Crazies from Buenos Aires) as they were called at first.
Today, they don't laugh anymore at them: they buy their houses, eat at their 200 restaurants and shop at their stores, which in total provide income and jobs for an estimate of 45,000 families.
How can we use Palermo's lessons in building our own ecosystems?
In Argentina, other neighborhoods, such as Boedo and La Boca have already followed the ecosystem idea.
______________________________________________
References
- Fodors' Guide: Palermo Soho restaurants
- Palermo Hollywood Real Estate / Properties
- Palermo Hollywood lofts for rent
- Lee, D. (2008) Argentine nights . New York Times
- WhatsUpBuenosAires. Web site
- Mount, I. (2008) Rebirth of a bohemian barrio: Boedo. New York Times
- Independent film producers in Palermo (guide)
- Shoot Argentina: Film studios in Palermo
- Video Palermo viejo
______________________________________________
Owen Li
Feb 11, 2009, 6:10:14 PM2/11/09
to robert...@ebbc.org, daniels...@aol.com, economic_developm...@googlegroups.com, stank...@yahoo.com, himom...@sbcglobal.net, sfmi...@yahoo.com, vw...@mindspring.com, juliem...@yahoo.com, ala...@aol.com, timothy...@gmail.com, kae...@comcast.net, titota...@sbcglobal.net, rif...@earthlink.net, dral...@oaklandnet.com
Hi all-
Since I work for the hotel workers' union, I would also point out that relying on tourism for your economy makes you very vulnerable to any economic downturns. There have already been thousands of layoffs in metropolitan tourism markets in the U.S. from the current crisis. Nevertheless, Palermo looks interesting as far as creating a community, collaboration, planning etc. even if it is not necessarily a sustainable economic model.
Since I work for the hotel workers' union, I would also point out that relying on tourism for your economy makes you very vulnerable to any economic downturns. There have already been thousands of layoffs in metropolitan tourism markets in the U.S. from the current crisis. Nevertheless, Palermo looks interesting as far as creating a community, collaboration, planning etc. even if it is not necessarily a sustainable economic model.
From: Robert Raburn <robert...@ebbc.org>
To: daniels...@aol.com; economic_developm...@googlegroups.com; stank...@yahoo.com; himom...@sbcglobal.net; sfmi...@yahoo.com; vw...@mindspring.com; juliem...@yahoo.com; owen...@yahoo.com; ala...@aol.com; timothy...@gmail.com; kae...@comcast.net; titota...@sbcglobal.net; rif...@earthlink.net
Cc: dral...@oaklandnet.com
Sent: Wednesday, February 11, 2009 3:02:47 PM
Subject: RE: Dimond's no Buenos Aires, but...
All:
Pat and I lived in an apartment in the Palermo district for over 3 months
and have a good friend and scholar on all things "southern cone" who bought
an apartment in Palermo during the bleak recession. I shared this article
with him (he is currently in Chile) and here is his reply:
"This is interesting, and I've mentioned Argentina in the current context,
but the difference is that Argentina bottomed out when everyone else was
doing pretty well - so they had the benefit of solid export markets. At the
moment, though, everyone's bottoming out."
WBB
----------------------------------------------------------------------------
Wayne Bernhardson, Ph.D.
Moon Travel Handbooks (Avalon Travel Publishing)
4169 Manila Avenue
Oakland, California 94609
tel./fax 510/653-9267, cel. 510/910-5126
-----Original Message-----
From: daniels...@aol.com [mailto:daniels...@aol.com]
Sent: Tuesday, February 10, 2009 7:09 PM
To: economic_developm...@googlegroups.com;
stank...@yahoo.com; himom...@sbcglobal.net; sfmi...@yahoo.com;
vw...@mindspring.com; juliem...@yahoo.com; owen...@yahoo.com;
ala...@aol.com; timothy...@gmail.com; robert...@ebbc.org;
kae...@comcast.net; titota...@sbcglobal.net; rif...@earthlink.net
Cc: dral...@oaklandnet.com
Subject: Dimond's no Buenos Aires, but...
we could borrow some ideas to make the most out of a recession
Social & Organizational Performance <http://www.piiblog.com/>
Analysis,Research & Discussion Blog
Saturday, January 31, 2009
The power of ecosystems: the Palermo case
<http://www.piiblog.com/2009/01/power-of-ecosystems-palermo-case.html>
http://4.bp.blogspot.com/_1UDDjQUVI_Y/SYSX80k2jJI/AAAAAAAAAFo/jsdIx_ii4GI/s4
00/palermosohomap.jpg
<http://www.youtube.com/watch?v=JAaMPvOjjvc&feature=PlayList&p=4DA212BA80FF2
599&playnext=1&index=8> During 2001 Argentina's economic collapse, 30
http://4.bp.blogspot.com/_1UDDjQUVI_Y/SYSX80k2jJI/AAAAAAAAAFo/jsdIx_ii4GI/s4
00/palermosohomap.jpg
<http://www.youtube.com/watch?v=JAaMPvOjjvc&feature=PlayList&p=4DA212BA80FF2
599&playnext=1&index=8> During 2001 Argentina's economic collapse, 30
percent of the population was unemployed, and pennyless -since their savings
were caught in the broken banks and available at 200 dollar a week paid in
70% devalued pesos per original dollar deposited.-
During that period, however, young professionals moved to a cheap,
blue-collar old Buenos Aires neighborhood -named Palermo by Italian
immigrants- and transformed it into the most successful area of Buenos
Aires: Palermo Soho and Palermo Hollywood.
They did it in small groups of 3 to 4 under-35 year old entrepreneurs,
buying ruined and abandoned houses -like the one below- with initial
investements of around 10,000 dollars.
self-employed architects and engineers renovated the old houses
<http://www.giessoprop.com.ar/> , transforming them into boutique hotels
<http://www.1551palermo.com/style-luxury.htm> , restaurants
<http://www.barseis.com/> , art galleries
<http://argentinastravel.com/1895/palermo-sohos-hidden-art-galleries/> ,
stores <http://www.geobeats.com/videoclips/argentina/buenos-aires/palermo>
and private homes
<http://images.google.com/images?hl=en&rlz=1T4GGIH_enUS229US229&resnum=1&q=p
alermo+soho+lofts+pics&um=1&ie=UTF-8&sa=X&oi=image_result_group&resnum=1&ct=
title> .
<http://www.1551palermo.com/style-luxury.htm> , restaurants
<http://www.barseis.com/> , art galleries
<http://argentinastravel.com/1895/palermo-sohos-hidden-art-galleries/> ,
stores <http://www.geobeats.com/videoclips/argentina/buenos-aires/palermo>
and private homes
<http://images.google.com/images?hl=en&rlz=1T4GGIH_enUS229US229&resnum=1&q=p
alermo+soho+lofts+pics&um=1&ie=UTF-8&sa=X&oi=image_result_group&resnum=1&ct=
title> .
Those in the restaurant and art businesses moved from expensive downtown
Buenos Aires rents into the new places.
Those with business degrees and good English started publicizing Palermo in
US and European newspapers.
Thanks to the tech-savvy, they used e-performance
<http://www.expert2business.com/Docs/ePerformance2.htm> to link their
offerings to international tourism-related Web sites such as Expedia,
Priceline and all major US and EU newspapers, so tourists could check and
make reservations directly of all the services and products.
Soon, an avalanche of tourists -attracted by the Web-informacion
<http://whatsupbuenosaires.com/wuba2/> as well as the peso devaluation-
started roaming through the neighborhood, patronizing their stores and
restaurants and "getting out the news" to their countries of origin.
http://1.bp.blogspot.com/_1UDDjQUVI_Y/SYSX8g5g_PI/AAAAAAAAAFY/XYnKXMR2vDI/s4
00/palermosoho6.jpg
<http://images.google.com/images?hl=en&rlz=1T4GGIH_enUS229US229&resnum=1&q=p
alermo+soho+lofts+pics&um=1&ie=UTF-8&sa=X&oi=image_result_group&resnum=1&ct=
title> Old homes like this one -bought under 35,000 dollars- are now listed
00/palermosoho6.jpg
<http://images.google.com/images?hl=en&rlz=1T4GGIH_enUS229US229&resnum=1&q=p
alermo+soho+lofts+pics&um=1&ie=UTF-8&sa=X&oi=image_result_group&resnum=1&ct=
title> Old homes like this one -bought under 35,000 dollars- are now listed
and sold to nationals and internationals
<http://www.fastpropiedades.com/investment.php> on an average of 350,000,
redesigned and redecorated by argentinian architects and engineers, with
argentinian young artists art and furniture.
Palermo's entrepreneurs started also a small film industry, producing art
and TV films subsidized by the government and attracting Hollywood stars and
moguls such as Francis Ford Coppola, Madonna, Robert Duvall and Robert de
Niro to film in and buy houses in Palermo.
Coppola filmed his last picture in the street below, with its old houses
painted and decorated by young argentinian artists.
http://3.bp.blogspot.com/_1UDDjQUVI_Y/SYSX8nyCP2I/AAAAAAAAAFQ/mq4YuH-M8PY/s4
00/palermosoho2.jpg
<http://3.bp.blogspot.com/_1UDDjQUVI_Y/SYSX8nyCP2I/AAAAAAAAAFQ/mq4YuH-M8PY/s
1600-h/palermosoho2.jpg> The entire neighborhood organized itself as a
00/palermosoho2.jpg
<http://3.bp.blogspot.com/_1UDDjQUVI_Y/SYSX8nyCP2I/AAAAAAAAAFQ/mq4YuH-M8PY/s
1600-h/palermosoho2.jpg> The entire neighborhood organized itself as a
business ecosystem, creating clusters of compatible businesses -hotels,
restaurants, stores, art galleries, developers and builders- organized block
by block to offer a unique client experience to tourists and locals and to
keep everthing clean, safe and organize street commerce -from high end to
street sellers- in a harmonious way.
At the time of the present crisis, Palermo remains strong, backed by steady
income from tourism -both cultural and recreational- that chooses its calm
and creative neighoborhood hotels, low prices and toursit-friendly,
English-speaking young waiters,
<http://www.youtube.com/watch?v=JAaMPvOjjvc&feature=PlayList&p=4DA212BA80FF2
599&playnext=1&index=8> restaurateurs and artists.
599&playnext=1&index=8> restaurateurs and artists.
Check clicking here a video showing the place with a rock and roll song
referred to them, the "locos de Buenos Aires" (Crazies from Buenos Aires) as
they were called at first.
Today, they don't laugh anymore at them: they buy their houses, eat at their
200 restaurants and shop at their stores, which in total provide income and
jobs for an estimate of 45,000 families.
How can we use Palermo's lessons in building our own ecosystems?
In Argentina, other neighborhoods, such as Boedo
<http://travel.nytimes.com/2008/01/27/travel/27dayout.html> and La Boca
<http://proa.org/eng/news/2008/12/proa-promotes-its-new-building-and-the-nei
ghborhood-of-la-boca/> have already followed the ecosystem idea.
______________________________________________
References
* Fodors' Guide: Palermo Soho restaurants
<http://www.fodors.com/world/south-america/argentina/buenos-aires/restaurant
s-nam_loc:73910.html>
* Palermo Hollywood Real Estate / Properties
<http://www.fastpropiedades.com/investment.php>
* Palermo Hollywood lofts for rent
<http://argentinaconsultant.com/palermohollywoodlofts.aspx>
* Lee, D. (2008) Argentine nights . New York Times
<http://travel.nytimes.com/2008/03/16/travel/16buenos.html>
* WhatsUpBuenosAires. Web site <http://whatsupbuenosaires.com/wuba2/>
* Mount, I. (2008) Rebirth of a bohemian barrio: Boedo. New York Time
<http://travel.nytimes.com/2008/01/27/travel/27dayout.html> s
* Independent film producers in Palermo (guide)
<http://www.mandy.com/1/services.cfm?t=argn&c=0prd>
* Shoot Argentina: Film studios in Palermo
<http://shootargentina.com/>
* Video Palermo viejo
<http://www.geobeats.com/videoclips/argentina/buenos-aires/palermo>
<http://proa.org/eng/news/2008/12/proa-promotes-its-new-building-and-the-nei
ghborhood-of-la-boca/> have already followed the ecosystem idea.
______________________________________________
References
* Fodors' Guide: Palermo Soho restaurants
<http://www.fodors.com/world/south-america/argentina/buenos-aires/restaurant
s-nam_loc:73910.html>
* Palermo Hollywood Real Estate / Properties
<http://www.fastpropiedades.com/investment.php>
* Palermo Hollywood lofts for rent
<http://argentinaconsultant.com/palermohollywoodlofts.aspx>
* Lee, D. (2008) Argentine nights . New York Times
<http://travel.nytimes.com/2008/03/16/travel/16buenos.html>
* WhatsUpBuenosAires. Web site <http://whatsupbuenosaires.com/wuba2/>
* Mount, I. (2008) Rebirth of a bohemian barrio: Boedo. New York Time
<http://travel.nytimes.com/2008/01/27/travel/27dayout.html> s
* Independent film producers in Palermo (guide)
<http://www.mandy.com/1/services.cfm?t=argn&c=0prd>
* Shoot Argentina: Film studios in Palermo
<http://shootargentina.com/>
* Video Palermo viejo
<http://www.geobeats.com/videoclips/argentina/buenos-aires/palermo>
______________________________________________
Posted by Mariano Bernardez at 10:23 AM
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