FORTY-SIX people are interested in buying luxury apartments in Lisbon’s Avenida dos Combatentes even though Lisbon Câmara has yet to grant planning permission.
The luxury Jade condominium complex near the Bolsa de Valores de Lisboa, Lisbon Stock Market, and the Jardins de São Lourenço, has received municipal approval for the plot of land on which the state-of-the-art project will be built.
But the architectural project, and the plans themselves, have not yet been dealt with by the Câmara’s Urban Planning Department following the fall of the previous Câmara administration and the elections last month.
Plans for the space age project, by architect Gonçalo Byrne, were unveiled publicly for the first time in July at the Lisbon Architecture Triennial, Trienal de Arquitectura.
Teresa Pereira, a spokesperson for the real estate fund company Imolux, which is linked to Millennium bcp, said: “I can’t imagine that this new Câmara administration is going to hold up projects unnecessarily; on the contrary it does appear that it is in agreement with the government in that it wishes to speed up planning processes.”
“We are confident that the project will get planning permission. It has already received a favourable reception from the Lisbon Fire and Traffic Departments,” said the spokesperson.
The Jade condominium complex project is already attracting international attention in what will be one of the most expensive and futuristic apartment blocks in Europe at 8,000 euros per square metre. The condominium will comprise of 80 apartments, all with their own garden terraces.
The market value of the investment is expected to reach 156 million euros and includes a cinema, bar, swimming pool and a gym.
Architect Gonçalo Byrne believes that the project will be particularly positive for that area of Lisbon. “The façades are transparent and permeable and not one apartment will be the same as another,” said an architect at Byrne Architects. The condominium will also have a spa, crèche, and interior gardens filled with exotic plants.
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