New mega project planned for Lisbon

Work is to begin next year on a new €200 million master-plan project for Lisbon which will include 230 apartments and two office blocks.

The project developed by Grupo SIL will be located on a large plot of vacant land next to the city’s alternative startup, co-working and boutique zone LX Factory in Alcântara.
The project, christened RIVART, has been designed by the architects Saraiva & Associados featuring apartments ranging from one-bed to four-bed and Duplex areas of between 64 m2 and 275 m2.
The complex will have two office buildings.
“Infrastructure works have already begun and the construction works on the buildings will begin at the start of 2020,” states the SIL Group.
“This development has been in preparation for over 20 years and will completely regenerate and modernise an urban area of more than four hectares which used to be occupied by various industries including the old Tate & Lyle sugar refinery, Castrol Oils, an army ammunitions depot and car garage repair offices” states the document.
According to the company, “The combination of materials in glass, wood and iron on its façades will raise the project to a high level of sophistication, quality and functional design in addition to the very best energy, water and waste efficiency classifications”.
The 230 apartments will be distributed over seven blocks with nine floors above ground and three below covering a total residential construction area of 37,100 m2.
All of the homes will have private terraces and verandas, some with “unique and exceptional views” overlooking the River Tagus, Monsanto Park and the city.
The two office buildings will feature six floors above ground and four below totalling 36,600 m2 with each floor having an area of 2,550 m2 with a ratio of useable space of 92%,” adds the company.
The President of Grupo SIL said, “This project was only possible because of the cooperation of professionals that were always loyal and a number of investors and financiers that always believed in us.”
“That was the only way that we could keep this project alive for over 20 years and make it a reality” he said.
The development will be marketed and sold by Silfiducia Real Estate founded in 1981 and is part of Grupo SIL.