€10M Arroios Development 'Freedom' Launches in Lisbon, Targeting Young Families and Investors
The family office Mello RDC, managed by António Ribeiro da Cunha, has announced the launch of a new residential development in Lisbon named Freedom. The project, located in the increasingly popular neighborhood of Arroios, represents a total investment of €10 million. It will involve the significant rehabilitation and conversion of a former garage building dating back to the 1940s into a modern residential complex. This adaptive reuse project underscores a continuing trend of urban regeneration within the Portuguese capital, transforming underutilized industrial structures into contemporary living spaces.
The Freedom development is specified to include 23 residential units, offering a mix of studio (T0), one-bedroom (T1), and two-bedroom (T2) apartments. The apartment areas will range from 56.6 square meters to a spacious 158.7 square meters. A notable feature of the project is the inclusion of private parking for all apartments, with each space being equipped with an electric vehicle charger, catering to the modern demands of urban residents. The project is slated for completion in 2027. The architectural design focuses on preserving the industrial character of the original building while providing modern comfort and functionality. The apartments are designed to maximize natural light, featuring large window openings that lead to private balconies or large terraces.
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António Ribeiro da Cunha, the CEO of Mello RDC, commented on the project's vision, stating, "Freedom reinforces our commitment to Lisbon and is aimed at young people and young families with an urban profile, who appreciate modern, industrial-inspired spaces that are comfortable and adapted to current needs." He further emphasized the project's respect for its historical context, noting, "As with other Mello RDC projects, Freedom respects the original architecture, values the old features, and the urban context in which it is inserted." This approach aligns with a broader movement in Lisbon to maintain the city's unique architectural identity while addressing the need for new housing.
In addition to the private residences, the development will feature a range of communal amenities designed to enhance resident well-being. These include shared patios and landscaped gardens with outdoor furniture intended for co-working, social events, or recreation. The building will also house a 'Pet Station' for animal care and a specialized washing area for bicycles, surfboards, and baby strollers, reflecting a focus on lifestyle and convenience. The project is currently in the commercialization phase, being marketed directly by Mello RDC. The sales have been awarded on a co-exclusive basis to prominent real estate agencies JLL and Dills. The starting price for apartments in the Freedom development has been announced at €375,000, positioning it within the mid-to-upper range of the Arroios market and signaling a strong value proposition for a new build with modern amenities in a central location. Monitor new development opportunities at realestate-lisbon.com.