By Blake Sherman, Contributing Reporter
RIO DE JANEIRO, BRAZIL – Hyatt Hotels Corporation is developing 45,000 square meters of Avenida Lucio Costa, which will include several high-rise buildings at the entrance of the Barra Praia da Reserva (Beach Reserve). The development was sparked by the coming Olympics in 2016 and remains controversial as the city presses to accommodate the global event.
The land was previously protected under the umbrella of Environmental Preservation Area (APA) Marapend until 2005. However, that same year Rio de Janeiro City Council approved a bill to remove the land from the hands of the APA . . .