A historic building in Lisbon’s riverside zone is undergoing a remarkable transformation into contemporary apartments. The Junqueira 27 residential development is set to blend the building’s rich history with modern design, offering a unique living experience in one of the city’s most sought-after areas.
Key Takeaways
- The Junqueira 27 project is located on Rua da Junqueira, a historic street in Lisbon.
- The development involves the restoration of a palace-like building from the 18th and 19th centuries.
- The project will feature nine apartments, ranging from one to three bedrooms.
- Prices for the apartments range from €680,000 to €1,500,000.
- The building’s original architectural elements are being preserved and replicated.
- The project is expected to be completed in the first quarter of 2025.
A Blend of History and Modernity
The Junqueira 27 development is a testament to the harmonious blend of historical and contemporary design. The building, which dates back to the 18th and 19th centuries, is being meticulously restored to preserve its historical character. Many of the original architectural elements, such as the ornate ceilings and the original staircase, are being replicated to maintain the building’s historical charm.
The nine residential units are spread across three floors and range from one to three bedrooms, with areas spanning from 83 square meters to 189 square meters. The ceiling height, exceeding three meters, will be retained, adding to the grandeur of the apartments. The top floor will offer unique views of the River Tagus, while residents on the first floor can enjoy a garden.
Exterior and Interior Features
The exterior of the building is being carefully rehabilitated and reinforced to preserve its historical components, including the window openings, balconies, and the original door. Inside, the entrance hall, with a ceiling height of 4.40 meters, will showcase a restored old Olaio boiler, adding a touch of historical authenticity.
Prime Location and Market Potential
Junqueira 27 is strategically located in a prime area of Lisbon, between Alcântara and Belém. This riverside zone is rapidly growing with new residential, office, hospitality, cultural, commercial, and dining projects. The area is also benefiting from a new metro link that will improve its connectivity with the city center.
David Moura-George, Managing Director of Athena Advisers Portugal, highlights the growing attention the area is receiving due to its transformation into a new residential and business center. He anticipates dynamic demand for Junqueira 27, attracting young families and investors alike.
PatrÃcia Barão, Head of Residential at JLL, emphasizes the prestige of the project’s location, noting that it represents a unique opportunity in the Lisbon real estate market. She points out that the project combines a prestigious location with an attractive investment price, meeting the needs of both investors and those seeking a refined and tranquil home.
Conclusion
The Junqueira 27 residential development is a remarkable project that combines the historical charm of a palace-like building with contemporary design. With its prime location, unique architectural features, and market potential, it is set to become one of Lisbon’s most sought-after residential addresses.