In southern Sao Paulo, on 72,000 sq. meters, surrounded by an additional 52,000 sq meters of green areas, an all new integrated condominium complex is in it's final stages of construction with an investment of over USD $700 million. Parque Cidade Jardim, will hold nine residential towers, three commercial towers, an exclusive shopping center, a luxury spa, seventeen heliports and a mixed residential hotel tower linked to the Fasano chain. The apartments vary in size from 237 to 1800 sq. meters and are valued between USD $800,000 to $12,000,000. Sixty percent of them were sold before its inauguration in 2006.
The condominium looks over one of Brazil's most polluted rivers, the Tietê. The Panorama slum holding some forty families once stood in the same spot. Their shacks were bought out at USD $20,000.
