Avenue Launches New Sustainable Residential Project in Central Porto
The developer Avenue has announced the launch of Fernão de Magalhães 127, a new residential condominium located in the heart of Porto. The project, designed by the architectural firm OODA, aims to combine contemporary aesthetics with functional comfort and a strong commitment to environmental sustainability.
The project specifications include a range of apartment types, from studios (T0) to three-bedroom-plus-one (T3+1) units. The development is comprised of 334 apartments distributed across four blocks, which also includes space for 16 offices and three commercial units. All residential units feature balconies and private parking, with some larger apartments offering generous terraces equipped with private pools or jacuzzis. The construction timeline is underway, with completion phases scheduled to meet the growing demand for housing in the city.
The architectural design by OODA focuses on high-quality finishes and resident comfort, incorporating features such as window frames with thermal breaks, integrated air conditioning, and premium security doors. The kitchens will be equipped with Meireles appliances and feature durable, modern materials. The project has received regulatory approvals and all necessary planning permissions from the municipality of Porto.
A key feature of Fernão de Magalhães 127 is its focus on sustainability, which has earned it an A-level energy rating. The building incorporates several green features, including the installation of photovoltaic panels for on-site energy generation, pre-installation for electric vehicle charging stations in the parking garage, and high-speed smart elevators to optimize energy consumption. The development has also achieved AQUA+ and WiredScore certifications, highlighting its excellence in water efficiency and digital connectivity.
The local economic impact of the project is expected to be significant, creating jobs during the construction phase and contributing to the vibrancy of the Bonfim neighborhood. The development is strategically located just a two-minute walk from the Campo 24 de Agosto metro station, providing excellent transport links to the rest of the city.
Future residents will have access to an extensive list of amenities designed to foster a sense of community and promote a healthy lifestyle. These include a fully equipped gym, a paddle tennis court, a running track, a children's playground, coworking spaces, gardens, and urban vegetable plots. This comprehensive offering is expected to attract strong market interest, and pre-sales activity is being managed by marketing agents Century 21 Nações VII and Century 21 Plano.
The financing for the project is secured, and Avenue has a strong track record of delivering high-quality residential developments in Portugal. The quality standards for construction are rigorous, utilizing durable materials like GRESART ceramic tiles in common areas and high-quality laminates in private living spaces.
The infrastructure requirements for the project, including utility connections and access roads, have been fully integrated into the development plan. The project is seen as a significant contribution to the urban regeneration of the Bonfim area, which has become increasingly popular among both locals and expatriates.
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