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IRSA and Mercado Libre Begin Construction on $50 Million Office at Buenos Aires' Polo DOT

The project underscores a move of major employers toward mixed-use hubs in the city’s north.

Overview

  • A joint plan announced in early March will add a 15,000 square meter office building in Saavedra’s Polo DOT, with work now underway.
  • Mercado Libre is set to occupy about 12,000 square meters, roughly 80% of the space, in an expansion of the Zetta complex slated for delivery in about 30 months.
  • The company says it has tripled its Buenos Aires headcount since the pandemic and keeps office attendance near 20% to 40%, which drives demand for larger, flexible floors.
  • The expansion fits into Mercado Libre’s $3.4 billion investment plan for Argentina in 2026, targeting more logistics capacity, technology upgrades, and growth of Mercado Pago.
  • Saavedra’s junction of General Paz and the Panamericana offers road access the microcenter lacks, which is pulling new corporate offices toward the northern corridor.