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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 4 sources · 25 days · First seen · Last updated

Luxury real estate development in Leblon, Rio de Janeiro

Overview

The real estate landscape in Rio de Janeiro’s exclusive Leblon neighborhood is undergoing a transition as a massive luxury mansion in Jardim Pernambuco is being repurposed for modern residential use.

Originally owned by the Amaral family, the 2,500-square-meter estate failed to find a residential buyer despite a R$ 220 million listing. Consequently, the developer Mozak acquired the 11,000-square-meter plot to subdivide the land and construct the Estância Pernambuco condominium. This project aims to create 10 smaller, modern luxury houses with an estimated total sales value of R$ 360 million.

Demolition of the original structure has commenced. Prior to the clearing of the site, various estate assets—including furniture, decorative pieces, and technical infrastructure—were liquidated through auction.

Entities

Mozak · Amaral family · Leblon · Rio de Janeiro · Jardim Pernambuco

Timeline

  1. [BUSINESS] 2 sources
    Rio de Janeiro mansion demolished for luxury condominium

    A R$ 220 million mansion in Rio de Janeiro's Leblon district is being demolished to make way for Mozak's new Estância Pernambuco luxury condominium.

  2. [BUSINESS] 2 sources
    Mozak to develop luxury housing in Rio de Janeiro's Leblon

    After failing to sell a R$ 220 million mansion in Leblon, developer Mozak will demolish the estate to build 10 smaller luxury homes in Rio de Janeiro's exclusive Jardim Pernambuco.

Sources

brasilemfolhas.com.br · cliquef5.com.br · diariodopara.com.br · metroquadrado.com