The origin of the word Palermo owes to a certain Juan Domínguez Palermo who bought great quantity of earth in that area that you/they were low and not very quotable in its beginnings. As they were capable for the agriculture they began to have commercial value and they began this way to buy it businessmen.
In Palermo Juan lived Manuel of Roses who in 1836, he bought lots that reached the 540 apples in which built his field residence, disappeared today.
The Neighborhood of Palermo is one of the widest inside the city of Buenos Aires, since it is the one formed by the biggest quantity in blocks. The this classic to "go to Palermo" means without any doubt to go to their forests with their florid gardens, their lakes, he/she means to move to the biggest green lung in Buenos Aires and maybe of many important cities of the world, comparable with the High Park of London or the famous Bois of Boulogne of Paris.