IBOV 171,324.31 ▼ 0.43% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL5.65▲ 0.07% USD/MXN18.58▼ 0.10% USD/CLP996.53▲ 0.11% USD/COP3,307▲ 0.84% USD/PEN3.41▲ 0.19% USD/ARS1,545▼ 0.02% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 2.16% USD/BOB11.60▼ 0.28% USD/DOP60.57▲ 1.81% USD/CRC445.25▲ 0.47% USD/GTQ7.65▲ 2.13% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 1.57% USD/VES909.35▲ 0.67% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 1.00% USD/TTD6.71▲ 1.04% EUR/BRL6.25▲ 0.93% BRENT 95.74 ▼ 0.08% WTI 88.23 ▼ 0.57% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.56% GOLD 3,897 ▲ 0.29% SILVER 49.86 ▼ 0.23% SOY 1,235 ▲ 0.67% CORN 447.75 ▲ 1.19% WHEAT 596.00 ▲ 2.01% COFFEE 273.30 ▼ 2.46% SUGAR 18.33 ▲ 0.60% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.95 ▲ 0.36% COCOA 5,222 ▲ 3.08% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 20.00 ▼ 6.67% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 0.07% USD/MXN 18.58 ▼ 0.09% USD/CLP 996.03 ▲ 0.06% USD/COP 3,307 ▲ 0.84% USD/PEN 3.41 ▲ 0.19% USD/ARS 1,545 ▼ 0.02% USD/UYU 40.52 ▲ 2.14% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▼ 0.28% USD/DOP 60.57 ▲ 1.81% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 2.13% USD/HNL 26.90 ▲ 2.13% USD/NIO 36.62 ▲ 1.57% USD/VES 909.35 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 1.00% USD/TTD 6.71 ▲ 1.04% EUR/BRL 6.24 ▲ 0.91% BRENT 95.74 ▼ 0.08% WTI 88.23 ▼ 0.57% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.56% GOLD 3,897 ▲ 0.29% SILVER 49.86 ▼ 0.23% SOY 1,235 ▲ 0.67% CORN 447.75 ▲ 1.19% WHEAT 596.00 ▲ 2.01% COFFEE 273.30 ▼ 2.46% SUGAR 18.33 ▲ 0.60% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.95 ▲ 0.36% COCOA 5,222 ▲ 3.08% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 20.00 ▼ 6.67% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
since 2009
Friday, November 13, 2026

Life & Society Real Estate

Ipanema’s Burnt-Out Kikarnes Revived

By · · 3 min read

By Sarah de Sainte Croix, Contributing Reporter

RIO DE JANEIRO – For the last three-and-a-half months the building on the corner of Rua Garcia d’Avila and Visconde de Pirajá – an area of prime commercial real estate on Ipanema’s main shopping street – has been something of an eyesore.

Ipanema’s Burnt-Out Kikarnes Revived
Building on the corner of Rua Garcia d’Avila and Visconde de Pirajá, photo by Sarah de Sainte Croix.
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Since the beginning of January renovations have been in progress following a blaze on December 13th last year which gutted the building that had housed a branch of Kikarnes (a well-known Ipanema convenience store) and a small ‘sapateria,’ or shoe-maker’s kiosk. “After the fire, I bought out the sapateria,” explains Antonio Meireles, the founder of the Kikarnes chain and owner of the building. “The fire started in our shop… it was some sort of electrical problem, so it was my responsibility.”

Meireles estimates that by the time the renovations are complete it will have cost around a million reais. He bought the building twelve years ago for US$1.5 million, and speculates that it may have increased in value by around ten percent since then. He estimates that the business has lost out on approximately R$900 million since the fire happened and is eager to get the shop re-opened.

Many of the buildings in this part of Ipanema are old and riddled with structural problems. The contractors working on the Kikarnes building, (which was built in the 1930’s,) have had to reinforce the roof with steel girders and re-wire throughout. It is a similar story a few blocks further East on Visconde de Pirajá at the bright orange, newly painted, former Limes Lanchonette.

“One day the whole place just completely fell down,” explained Felix Neto of Big Nectar, the snack and juice bar chain that bought the property shortly after it collapsed. “The building is over seventy years old… we have had to redo all the electrics and put in steel beams everywhere.” The new business is due to open on the April 15th, “It will be like our other bars, only a little more sophisticated… and it will be called just ‘Nectar.’”

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Ipanema’s Burnt-Out Kikarnes Revived
Another Kikarnes on Visconde de Pirajá, photo by Sarah de Sainte Croix.

The neighboring businesses are happy that Kikarnes will re-open soon. Mayomi Pinto, of Niki Sushi on Rua Garcia d’Avila, said, “When we saw the fire we called the fire brigade and raised the alarm with the owners. They are good neighbors and we are pleased that the work is progressing. We have not heard too much noise while work has been going on.”

The new, revamped Kikarnes is due to open its doors in mid to late May. The store is much loved by residents for being open on a Sunday morning when most places in Ipanema are still closed up: “We are open from 6AM to 10PM every single day of the week.”

As well as dry goods, the new store will have a butcher’s counter, fishmonger, bakery and fresh fruit and vegetables. It also stocks a range of the famous Brazilian Havaiana flip flops. Meireles explains, “It will have a small bar and barbecue which it didn’t have before, and the shop will be bigger and better! Everything will be new!”

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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