According to urban legend, Corina Kavanagh represented "new money" and fell in love with a wealthy, aristocratic son from the Anchorena family. The Anchorena family had built a private church that they could view from their palace, but had planned on building a newer mansion closer to the church. Ultimately, the mother Mercedes Castellanos de Anchorena, who strongly opposed the relationship, managed to end the engagement. Corina Kavanagh, heart-broken, hurt and humiliated, decided to take out her revenge by building a reinforced concrete high-rise that would completely obstruct the view from the Anchorena's palace.
Corina had to sell three estancias in Venado Tuerto to finance her project and buy the land next to the church when Mercedes was on vacation. In 14 months, the Kavanagh Building became the tallest reinforced concrete structure in the world and for many years remained the tallest building in Latin America. The 33 floor building was the first in Argentina to boast central air conditioning. The 12 elevators, five staircases, a ground floor shopping center and underground parking made it a very desirable property. Other unique features included a swimming pool, integrated drycleaner service, cold storage for furs and carpets, and a central telephone system .
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