The towers were designed by the Lanuzzi studio and are under construction in the Palermo neighborhood of Buenos Aires, Argentina.

Raghsa has developed numerous commercial real estate projects in Buenos Aires, as well.

Following their successful development of three residential towers in their Le Parc Puerto Madero project, Raghsa announced in 2006 the construction of two premier residential buildings on Buenos Aires' upscale Figueroa Alcorta Avenue.

Should DYPSA complete Renoir II to these specifications, the Cavia Tower will be the tallest building in Buenos Aires for just one year.

in 2006, joining the development of numerous competing projects, many of them scheduled for completion on or before 2010, the year of the Argentine Bicentennial.