Retiro is one of the largest hubs of transportation services in
Argentina, and is home to many high-end stores and residential areas
popular among both local wealthy gentry and expatriate executives. About
26,000 of its people, however, including thousands of illegal
immigrants, live in the "Villa 31" shantytown built along the Port of
Buenos Aires from the 1930s onwards. Local and long distance rail
service heading to the north originate from Estación Retiro (Retiro
train terminal), also a major long-distance bus terminal (Terminal de
Ómnibus) is located adjacent to the station, subte line C of the Buenos
Aires Metro system and numerous local public bus services, this area is
always teeming with commuters and traffic on weekdays. A major
thoroughfare is Avenida del Libertador, which becomes Avenida Leandro N.
Alem past the Retiro train terminal. Avenida Leandro Alem runs
north-to-south along the Buenos Aires Central Business District, which
Retiro shares with the San Nicolás ward; the Retiro section of the
business district is centered around the Catalinas Norte office park,
initially built in the 1970s over docklands developed a century earlier
by Francisco Seeber. Other principal streets and avenues in Retiro are
Santa Fe, Córdoba, and Libertador Avenues, pedestrian Florida Street,
and Avenida 9 de Julio. The Retiro section of Florida Street was the
site of Harrods Buenos Aires, originally the London department store's
only overseas affiliate, from 1914 to 1998; the abandoned landmark
continued to host art shows and Tango festivals, and permits were
obtained in 2009 to reopen the retailer. Another Retiro landmark spared
demolition was the Ortiz Basualdo Palace. Completed in 1912 as a private
residence, it was acquired by the French Government for use as its
Embassy in Argentina in 1939. When entire blocks of housing were razed
to make way for an extension of the Avenida 9 de Julio in the late
1970s, the embassy was spared due to its landmark status, and remains
the lone building in the midst of intense traffic. The neighboring
Pereda Palace, built in 1920, serves as the official residence of the
Ambassador of Brazil. Retiro is home to a number of five star hotels,
including the Four Seasons, Marriott Plaza, Sheraton, and Sofitel. The
oldest of these, the Marriott Plaza, was opened in 1909 and faces Plaza
San Martín, to the north of which lies the train terminal and the Plaza
Fuerza Aérea Argentina (formerly Plaza Británica), where the Torre
Monumental (formerly Torre de los Ingleses) is located.
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