Almagro lies southwest of Recoleta but feels like a different world. Traditionally a gritty, working-class neighborhood, it spawned many tango greats, including the legendary Carlos Gardel. The Abasto subdistrict has long been the heart of the barrio: it centers on the massive art deco building (at Corrientes and Agüero) that was once the city's central market. The abandoned structure was completely overhauled and reopened in 1998 as a major mall, spearheading the redevelopment of the area, which now has several top hotels and an increasing number of restaurants and tango venues. More urban renewal is taking place a few blocks away at Sarmiento and Jean Jaurés, where the Konex Foundation has transformed an old factory into a cutting-edge cultural venue.
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