{"id":1004119620,"date":"2015-05-19T06:41:01","date_gmt":"2015-05-19T14:41:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004119620"},"modified":"2022-12-03T19:24:30","modified_gmt":"2022-12-04T03:24:30","slug":"international-morningbridge-to-repurpose-historic-palace-in-lisbon","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\/","title":{"rendered":"International: New Use for an Old Palace"},"content":{"rendered":"<p><i>By Alex Girda, Associate Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Lumiares.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004119622\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\/lumiares\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Lumiares.jpg\" data-orig-size=\"1024,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Lumiares\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Lumiares.jpg?w=1024\" class=\"alignright size-medium wp-image-1004119622\" alt=\"Lumiares\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Lumiares.jpg\" width=\"300\" height=\"109\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Lumiares.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Lumiares.jpg?resize=300,110 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Lumiares.jpg?resize=768,281 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/i><\/p>\n<p>A $22 million investment in the restoration and transformation of the 500-year-old Pal\u00e1cio dos Condes de Lumiares is set to transform the property into a luxury apartment complex. JLL recently announced that presales have begun for units at the property, with the company acting as real estate consultant for owner Quick &amp; Positive \u2013 Investimentos Imobili\u00e1rios Lda. Morningbridge Lda will handle development duties on the owner\u2019s behalf.<\/p>\n<p>Set to be transformed into a 53-unit, five-star luxury serviced apartment property, The Lumiares will only keep the old fa\u00e7ade of the historic palace, which will be restored. The property\u2019s new interior will include 21<sup>st<\/sup> century design features, and will be fitted with high-end fixtures and amenities. The refurbished property\u2019s new facilities will include a reception, spa and gym, roof-top Alto Bar Restaurant, views of the Portuguese capital, as well as two luxury brand shops and underground private parking spaces and storage facilities. The luxury units will be available in one- and two-bedroom floorplans, with pricing estimated to start at around $300,000 for one-bedroom apartments, while penthouse units will hit around $1.2 million.<\/p>\n<p>Morningbridge Lda is set to start construction on the project this month, with the process having a 20-month schedule. The opening of The Lumiares is scheduled for the first quarter of 2017. The property\u2019s location is one of its main selling points, the Rua S\u00e3o Pedro de Alc\u00e2ntara being set atop the Elevador da Gl\u00f3ria, the most famous funicular in the Portuguese capital. The property is also located in the proximity of the Bairro Alto commercial and retail center.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 500-year-old palace in Portugal&#8217;s capital is about to be transformed into something a bit more practical.<\/p>\n","protected":false},"author":952,"featured_media":1004119622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,16,21742],"tags":[],"class_list":["post-1004119620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-international","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>International: New Use for an Old Palace - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International: New Use for an Old Palace\" \/>\n<meta property=\"og:description\" content=\"A 500-year-old palace in Portugal&#039;s capital is about to be transformed into something a bit more practical.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-19T14:41:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T03:24:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Lumiares.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"International: New Use for an Old Palace\",\"datePublished\":\"2015-05-19T14:41:01+00:00\",\"dateModified\":\"2022-12-04T03:24:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\\\/\"},\"wordCount\":276,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/Lumiares.jpg\",\"articleSection\":[\"Development\",\"International\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-morningbridge-to-repurpose-historic-palace-in-lisbon\\\/\",\"name\":\"International: New Use for an Old Palace - 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