IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL5.12— 0.00% USD/MXN17.51▼ 0.19% USD/CLP924.25▼ 0.37% USD/COP3,301▼ 1.27% USD/PEN3.40▼ 0.15% USD/ARS1,487▼ 0.03% USD/UYU40.30▲ 1.41% USD/PYG6,061▲ 1.64% USD/BOB9.85▲ 1.04% USD/DOP58.47▼ 0.14% USD/CRC450.34▲ 1.74% USD/GTQ7.62▲ 2.23% USD/HNL26.72▲ 1.48% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.73▲ 0.97% EUR/BRL5.85▼ 0.79% BRENT 76.50 ▲ 0.26% WTI 72.14 ▲ 0.08% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.83% GOLD 4,114 ▼ 0.39% SILVER 59.97 ▼ 0.68% SOY 1,180 ▲ 0.04% CORN 451.00 ▲ 5.44% WHEAT 630.25 ▲ 3.11% COFFEE 322.85 ▼ 9.55% SUGAR 14.93 ▼ 1.26% ORANGE JUICE 147.40 ▼ 1.67% COTTON 79.73 ▲ 4.69% COCOA 5,942 ▼ 5.82% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,402 ▲ 1.91% ETH 1,798 ▲ 3.08% SOL 79.22 ▲ 1.50% XRP 1.11 ▲ 1.50% BNB 575.40 ▲ 1.22% ADA 0.17 ▲ 0.65% DOGE 0.07 ▲ 1.79% AVAX 6.74 ▲ 0.85% LINK 7.98 ▲ 3.18% DOT 0.88 ▲ 7.26% LTC 44.57 ▲ 1.84% BCH 249.32 ▲ 4.86% TRX 0.33 ▼ 0.66% XLM 0.19 ▲ 3.24% HBAR 0.07 ▲ 1.71% NEAR 1.93 ▲ 0.45% ATOM 1.58 ▲ 2.01% AAVE 95.81 ▲ 4.99% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 — 0.00% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.11% USD/NGN 1,375 — 0.00% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.83▼ 0.34% USD/CNY6.76▼ 0.42% DAX 25,154 ▲ 0.14% CAC 8,341 ▲ 0.17% FTSE 10,491 ▲ 0.18% MIB 52,757 ▲ 0.72% IBEX 19,420 ▲ 0.50% STOXX 642.31 ▲ 0.22% EUR/USD1.14▲ 0.04% GBP/USD1.34▲ 0.20% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 15.80 ▼ 0.25% USD/CAD1.42▼ 0.11% US10Y 4.5390 ▼ 0.66% IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL 5.12 ▲ 0.09% USD/MXN 17.52 ▼ 0.13% USD/CLP 926.00 ▼ 0.18% USD/COP 3,301 ▼ 1.27% USD/PEN 3.40 ▼ 0.15% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.30 ▲ 1.41% USD/PYG 6,061 ▲ 1.64% USD/BOB 9.85 ▲ 1.04% USD/DOP 58.47 ▼ 0.14% USD/CRC 450.34 ▲ 1.74% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.72 ▲ 1.48% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.73 ▲ 0.97% EUR/BRL 5.85 ▼ 0.79% BRENT 76.50 ▲ 0.26% WTI 72.14 ▲ 0.08% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.83% GOLD 4,114 ▼ 0.39% SILVER 59.97 ▼ 0.68% SOY 1,180 ▲ 0.04% CORN 451.00 ▲ 5.44% WHEAT 630.25 ▲ 3.11% COFFEE 322.85 ▼ 9.55% SUGAR 14.93 ▼ 1.26% ORANGE JUICE 147.40 ▼ 1.67% COTTON 79.73 ▲ 4.69% COCOA 5,942 ▼ 5.82% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,402 ▲ 1.91% ETH 1,798 ▲ 3.08% SOL 79.22 ▲ 1.50% XRP 1.11 ▲ 1.50% BNB 575.40 ▲ 1.22% ADA 0.17 ▲ 0.65% DOGE 0.07 ▲ 1.79% AVAX 6.74 ▲ 0.85% LINK 7.98 ▲ 3.18% DOT 0.88 ▲ 7.26% LTC 44.57 ▲ 1.84% BCH 249.32 ▲ 4.86% TRX 0.33 ▼ 0.66% XLM 0.19 ▲ 3.24% HBAR 0.07 ▲ 1.71% NEAR 1.93 ▲ 0.45% ATOM 1.58 ▲ 2.01% AAVE 95.81 ▲ 4.99% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 — 0.00% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.01% USD/NGN 1,375 — 0.00% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.83 ▼ 0.33% USD/CNY 6.7643 ▼ 0.40% DAX 25,154 ▲ 0.14% CAC 8,341 ▲ 0.17% FTSE 10,491 ▲ 0.18% MIB 52,757 ▲ 0.72% IBEX 19,420 ▲ 0.50% STOXX 642.31 ▲ 0.22% EUR/USD 1.1432 ▼ 0.02% GBP/USD 1.3424 ▲ 0.15% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 15.80 ▼ 0.25% USD/CAD 1.4147 ▼ 0.13% US10Y 4.5390 ▼ 0.66%
since 2009
Friday, July 10, 2026

Life & Society Real Estate

Centro Revitalization Projects in Rio

By · June 19, 2012 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Antoni Galbany, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Porto Maravilha Project is one of the major revitalization initiatives for Rio’s Centro district that the city government is working on under the 2016 Olympic Games countdown. It is a massive project set to transform this area of the city, but of course the process of demolition and construction can be messy business.

The vision for the revitalized port zone, image by CDURP - Companhia de Desenvolvimento Urbano da Região do Porto do Rio de Janeiro.
The vision for the revitalized port zone, image by CDURP - Companhia de Desenvolvimento Urbano da Região do Porto do Rio de Janeiro.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Rio’s Centro is getting restored day-by-day, now more than ever. Most citizens who have not visited these areas recently may not realize how much and how fast the Centro has been changing.

The Porto Maravilha Project at Barrio Saúde is already feeling results. Its main goal is revitalizing forgotten areas in Centro such as Praça Mauá and Igreja São Francisco da Prainha, as well as the extension of a rail tunnel on Morro da Providência.

An important part of these revitalization projects is the Programa Morar Carioca, which is working to improve the quality of life to families who live in Centro. The project includes a cable car construction and restoration of Jardim Suspenso do Valongo, a Babylonian Garden built by Francisco Pereira Passos.

This urban planner was responsible for the construction of Avenida Central (today Avenida Rio Branco), Uruguaiana and the large public space besides Arcos da Lapa. To do that, the project demolished hundreds of homes, providing breathing room an extremely densely-populated area.

The demolition and construction process has been constant in many parts of Centro, Rio de Janeiro, Brazil News
The demolition and construction process has been constant in many parts of Centro, photo by CDURP.

Unfortunately, this undertaking meant the demolition of about 1,600 old buildings and many more residences, many of whose tenants later moved to o Favela da Providência.

Stepping off at Presidente Vargas subway station and going north, changes at Rua Camerino are already visible after about eight months of work.

Although things are beginning to improve, Saúde remains as an insalubrious place to live according to Paco Rodríguez, a young Spanish entrepreneur who recently moved to Rio. “The air is very polluted and streets are full of garbage.”

“On top of my furniture there is always dark dust, which I can never get rid of. But the good things are a very cheap rent of R$600 and, a cheap supermarket. However, I am wishing to move to another neighborhood”, says Rodríguez.

Right next to Rodríguez’s apartment stands the Amazonas Hotel, which has been growing for the last few years. Management staff look at the future with a lot of enthusiasm and hope: “We have been working a lot, reforming our installations for the next big challenge: the World Cup. Our goal is stopping renting rooms per hour. In a few months we will only rent rooms per day”, says the hotel manager.

Another Project that belongs to the Programa Morar Carioca is also showing results: the final part of the construction of 120 apartments at Morro da Providência, a seven block condominium on Nabuco Freitas Street, is expected to be completed within a few months.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.