Regeneration plan in central Lisbon

Regeneration plan in central Lisbon
Reading time: 5 minutes
Published: 22nd April 2021, 11:23am
Updated: 22nd April 2021, 1:20pm

The Lisbon City Council has recently approved a request for a requalification in Avenida Almirante Reis, which should include a hotel, tourist apartments, housing, commerce shops and services

The operation is divided into two instalments, intending to rehabilitate Cervejaria Portugália and the old Beer Factory in the north, involving the execution of expansion works through the construction of two new blocks for new housing, shops and services. For the southern area, the plan is to build a hotel with 165 rooms and tourist apartments.

The height of the various buildings will vary, never exceeding 8 floors and 26 meters. In total, the block will gain 98 new properties, in addition to 2,434 sqm of outdoor space.

Meet Avenida Almirante Reis itself

Avenida Almirante Reis is part of one of Lisbon’s trendiest and coolest neighbourhoods, Arroios, which is a hub for art, hotels, and restaurants. What’s more, Avenida Almirante Reis is one of the most multicultural arteries of the city and also one of the few that still remains true to itself. Here you can still find traditional shops, but also specific spaces that take you to different parts of the globe. It is a faithful portrait of Nova Lisboa, where cultures and trends blend in. 

It is also one of the most extensive avenues in Lisbon, with 2.8 kilometres, appearing in the extension of Rua da Palma, in Martim Moniz, and extending to Areeiro. This avenue feels as though a chronological line that allows one to see how the city has developed in the last century, in architectural, historical and socioeconomic terms.

Here’s a short itinerary for the best places to go to if you’re passing by Avenida Almirante Reis, or are thinking about purchasing property in this historical area of central Lisbon. (18)1. Portugália Cervejaria

Almirante Reis’ Portugália Restaurant was the first in the city and, in the beginning, it was just a space that sold loose beer. The success started to be so great that the concept quickly expanded to the rest of the country and all areas started to enjoy steaks and seafood - the famous steak with Portgáulia’s beer sauce is a must-try!

2. Kingpin Books

With two decades of existence, Kingpin Books is the largest Portuguese comic book store, also assuming the role of publisher.

It is operating since April 2018 and here you can find the most notable authors of American, Japanese and Portuguese comics, as well as action figures, posters, T-shirts and other merchandising pieces.

Marisco - Avenida Almirante Reis3. A Marisqueira do Lis

Although Ramiro is the most popular seafood restaurant in Almirante Reis, Marisqueira do Lis is also a quite remarkable space and is also family-friendly. Here seafood is always fresh, the meat is tender and succulent and the beer comes out with the right foam!

4. Fábrica dos Bolos do Chile – Azevedo e Vidal

Founded in 1978, Fábrica dos Bolos do Chile is specialized in the trade and manufacture of traditional pastries and here you can have a custard tart or a warm bola de berlim in the middle of the night. Sometimes there is a long queue, but the wait is still worth it!

5. Annapurna

Before the boom of exotic restaurants in the city, Annapurna already brought the best of Nepalese cuisine to Almirante Reis.

In Lisbon since 1997, it was the first restaurant of its kind and one of the spaces responsible for Portuguese people’s enormous passion for the world of spices. It continues to offer delicious meals, from traditional curries to grilled tandoori.

Avenida Almirante Reis - AlamedaIf you’re thinking about purchasing property near Avenida Almirante Reis, the area has preserved its original buildings and typical architecture englobing residential and commerce areas. Being a very attractive area for young families, students and young professionals offers a well-multifaceted atmosphere and the perks of living in the heart of the city, with amenities galore. 

Explore other Lisbon neighbourhoods to invest in here.

28th April 2021
Sines will be able to have a leading role in the digital transition with…
15th April 2021
Portugal Homes is coming to Dubai to meet with you! Despite the pandemic,…

Comprar uma propriedade em Portugall

A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.

Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!

Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.

Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!

Investidor dos EUA

Very helpful. Work with his heart. Mark is a very nice advisor. 

Investidor de Marrocos

Tudo correu lindamente. Consegui esclarecer todas as minhas questões. 

Investidor da Turquia

Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.

Investidor dos EUA

A experiência geral foi ótima desde o acompanhamento até o pós-venda. Gostaria de agradecer especialmente ao Sr. Simon, à Sra. Francisca e à Sra. Mariana.

Investidor dos EAU

George Hobson é um jovem agradável, conhecido como conhecedor, experiente, trabalhador, honesto e disciplinado; Senti-me muito confortável em fazer facilmente o meu investimento.

Cliente dos Emirados Árabes Unidos