Arroios, Lisbon: 1940s Garage Transforms into Luxury 'Freedom' Apartments Starting at €375k
The family-owned development company MelloRDC has officially announced a new €10 million residential project in Lisbon named 'Freedom.' The development will involve the significant rehabilitation of a former garage dating back to the 1940s, located in the increasingly popular neighborhood of Arroios. The project underscores a continued trend of urban regeneration in the Portuguese capital, converting historical industrial structures into high-end residential properties.
The project specifications detail the creation of 23 apartments, with typologies including studios (T0), one-bedroom (T1), and two-bedroom (T2) units. The floor plans will range from 56.6 to 158.7 square meters. A notable feature is the inclusion of private parking for all residences, complete with pre-installed electric vehicle charging stations, addressing a key demand in the city center. The architectural design is reported to retain an 'industrial inspiration' that pays homage to the building's origins, while the interiors will be finished to a contemporary standard with vibrant color schemes and wooden accents, targeting a demographic of young professionals and families.
Construction is scheduled to commence following the finalization of municipal approvals, with a projected completion date in the second quarter of 2027. MelloRDC, managed by António Ribeiro da Cunha, is overseeing the development, which has been designed to maximize both private and communal living spaces. The plans include common patios, landscaped gardens, and a multi-purpose rooftop area suitable for co-working and fitness activities. Further amenities tailored to modern urban lifestyles include a dedicated 'Pet Station' and a washing area for bicycles and surfboards.
Financing for the €10 million project has been secured through a partnership with several national financial institutions, reflecting confidence in Lisbon's real estate market. Regulatory approvals from the Lisbon Municipal Council (Câmara Municipal de Lisboa) are in their final stages, with all necessary planning permissions expected to be granted by the end of the year. The project will adhere to the latest environmental standards, incorporating energy-efficient systems and sustainable building materials, in line with Portugal's commitment to green construction practices.
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António Ribeiro da Cunha of MelloRDC commented on the announcement, stating, 'The Freedom comes to reinforce our investment in Lisbon and is directed at young people and young families with an urban profile, who appreciate modern spaces of industrial inspiration, but comfortable and adapted to current needs.' The project is expected to create a number of jobs locally during its construction phase and contribute to the ongoing revitalization of the Arroios area.
Pre-sales have been launched, with the real estate agencies JLL and Dills exclusively managing the marketing and sales. Market interest is reported to be strong, with initial inquiries highlighting the project's unique character and prime location. Prices start at €375,000 for studio apartments and extend to €850,000 for the largest two-bedroom units. The development's proximity to the Praça do Chile metro station and the Alameda gardens is a significant factor driving early interest from both domestic and international buyers.
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