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Urban Renewal Branches Out from Historic Lisbon
27 March 2019 – Richard D. K. Turner
A new division of Cushman & Wakefield’s, City Thinkers, is forecasting significant growth and urban renewal in the area surrounding Almirante Reis in Lisbon. City Thinkers is a multidisciplinary group that studies cities around the world, attempting to spot upcoming trends. Its predictions for Lisbon were the focus of a recent article on the online news site Diário Imobiliário.
As demand continues to increase in the Portuguese capital, City Thinker believes that urban redevelopment will continue to expand beyond the city’s historic centre. That area is currently delimited by the river, Rua do Século to the west, Campo de Santa Clara to the east and Praça dos Restauradores to the north.
Outside of that central zone, urban regeneration is extending out along Avenida 24 de Julho, Rua da Escola Politécnica in Campo de Ourique, Av. da Liberdade and Av. da República and Av. Almirante Reis. Av. 24 de Julho is already experiencing significant levels of urban renewal. New developments and the redevelopments of existing structures is also beginning to penetrate the traditional residential neighbourhoods of Estrela and Campo de Ourique. The closure of a number of facilities, including hospitals, older schools and churches is expected to give impetus to the redevelopment.
A series of planned investments in co-working and co-living spaces in Marvila, in the eastern part of Lisbon, will also boost construction activity in the area.
Original Story: Diário Imobiliário
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