Luxury Apartments Rise from Lisbon's Graça Neighborhood Collapse Debris
Público1 day ago
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Luxury Apartments Rise from Lisbon's Graça Neighborhood Collapse Debris

Local
lisbon
realestate
collapse
luxury
development
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Summary:

  • A building collapse in Lisbon's Graça neighborhood occurred, startling residents like Ana Reis.

  • The land had been vacant for decades with various previous owners before recent development.

  • A company founded in 2023 by a Nigerian businessman is behind the new luxury apartment complex.

  • Apartments are being sold for at least 1.4 million euros each, highlighting the high-end nature of the project.

  • The incident raises concerns about urban safety and luxury development impacts in historic areas.

The Incident and Its Aftermath

When Ana Reis, a 42-year-old resident of Beco do Forno do Sol near Vila Berta in Lisbon's Graça neighborhood, heard a loud noise in the middle of the night on Wednesday, she initially dismissed it as the garbage truck. It wasn't until morning that she realized the full extent of the collapse that had occurred, leaving her kitchen window overlooking a scene filled with debris.

Background of the Site

This plot of land had been abandoned for decades and changed hands among multiple owners over the years. In 2023, a company established by a Nigerian entrepreneur began construction on what is now set to become a luxury real estate development.

The New Development

Apartments in this new building are already on the market, priced at a minimum of 1.4 million euros each, positioning it as a high-end addition to the area. The project has sparked discussions about urban development and safety in historic neighborhoods.

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