Puerto Madero
Puerto Madero, which served only ancillary port functions following the New Port's inaugural in 1925, was re-established as the "Corporación Antiguo Puerto Madero" (Old Puerto Madero Corporation), on 15 November 1989. Beginning around 1994, local and foreign investment led to a massive revitalization effort, recycling and refurbishing the red brick, warehouses along the west side of the docks into upscale offices, lofts, retail space, restaurants, private university campuses and five-star hotels. Most development along the eastern side consisted of new construction, as well as some of the most extensive parks in the city.