Luxury Condo Will Take Up Last Free Land on Copacabana Beachfront

RIO DE JANEIRO, BRAZIL – Whether one is from Rio de Janeiro or not, it is undeniable that the Copacabana beachfront is one of the most beautiful places in the country, if not in the world.

Not by chance, the neighborhood that houses the postcard was named the most coveted in the country in a survey conducted by the online classifieds ZAP Real Estate late last year.

And after 40 years without any launches, the most important avenue on the beachfront, Atlântica Avenue, will host a new real estate development on its last unoccupied plot of land: a high-end seafront residential building.

The units, which will start to be sold in late August and should be ready by the end of 2022, will target high-income youths and executives.

The Atlantico Bait luxury condominium, owned by Bait Incorporator, features 50 units, 38 of which overlooking the sea. The floors are divided into 23 studios, 12 one-bedroom units, 11 double suites, two hanging gardens, and two linear penthouses, with flexible floor plans of 60 to 305 square meters.

The units start at R$1.5 million (US$300,000) and the General Sales Value (PSV – the sum of the potential sales value of all units) is R$100 million.

For Eduardo Zylberstajn, a consultant at the Economic Research Institute Foundation (FIPE), Copacabana is a neighborhood known for housing high-end developments and having a high occupancy rate, so he believes that even with millionaire prices and amid the pandemic, the demand for this type of property should be great, given that the offer of units available for rent and purchase is low.

“Whether or not one knows Rio, it’s clear to say that Copacabana is an incredible and very beautiful place, as well as being one of the best locations in the city,” Zylberstajn explains. “The price is high because we don’t see many developments like this available, while there is a real demand from an audience with greater purchasing power”.

He believes the high-income public should be attracted not only by the view of one of Rio’s most beautiful and well-known beaches, but also because of the neighborhood’s other attributes, such as accessibility and service availability. “Copacabana is one of the most valued neighborhoods in Brazil and Latin America. The price per square meter in this region of Rio can reach R$32,000,” says FIPE’s consultant.

Technology

Henrique Blecher, Bait’s owner and CEO, believes that the condominium will attract buyers, even in the middle of one of the greatest crises in history, due to the factors already mentioned, such as the good location and low real estate offer in the region, and the fact that the development has state-of-the-art technological resources.

He says the whole condominium will be automated and will feature an App that will enable building supervision, with external and internal digital remote ordinance and also automated landscape irrigation. The security system will feature facial recognition access control, monitored perimeter security, and electronic vehicle access control. In the common areas, there will be scenic lighting in the entrance hall, surround sound, and wi-fi.

The apartments will be equipped with a smart lock (opening with mobile phone access), USB ports, infrastructure for IOT (Internet of Things), voice command, Wi-Fi data network, and a digital peep-hole.

Bait’s CEO also stresses that the development sought to meet sustainability criteria: it has an electric car recharge, electric bicycle outlet, selective collection, sensors in common areas, dual flash discharge, taps timer, and individual water meters for the units. In the common areas, the architecture was designed so that the environments receive natural light, reducing energy consumption.

For Blecher, the development will serve demanding buyers and can yield good returns for investors. “Bait believes in the integration of architecture, functionality, technology and sustainability, building with the city a new concept in urban housing, which values aesthetic quality and becomes integrated with the Rio residents’ lifestyle,” he concludes.

Source: InfoMoney

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