[1][2][3] The Lighthouse (Spanish: Faro) project was first proposed in 1999, and coincided with a burgeoning interest in redeveloping the dilapidated Puerto Madero docklands on the part of developers.

These became the highest in Buenos Aires and Argentina, though the structures were narrowly surpassed in height by the nearby Mulieris towers and the Repsol-YPF tower (both in Puerto Madero) upon these latter's compilation in 2008 (they were, in turn, surpassed by Torre Cavia, part of the Le Parc Figueroa Alcorta complex, in 2009).

[citation needed] The El Faro Towers are located in the neighborhood of Puerto Madero, in Buenos Aires, the capital and largest city of Argentina.

The twin skyscrapers is surrounded by numerous attractions in the area, including several restaurants, a cathedral, a park, several markets and an antique market, a subway, a bookstore and several other stores found nearby, several residential and commercial buildings, since the El Faro Towers themselves are a part of a residential neighborhood, a notable river with a complete set of docks and ferry piers and a natural reserve not far from the skyscrapers.

The complex houses a total of 160 apartments, outdoor pools, spa, sauna, gyms, tennis court, solarium, two underground parking structures for owners, residents and guests, and other ancillary facilities.