PLAY VIDEO
Barrio do Cura
Transformation Process
Transformation Process
A NEW
VIBRANT HEART
FOR VIGO
Barrio
do Cura
do Cura
Acquisition of a key parcel of underutilized land in the northern Spanish city of Vigo, with the purpose of transforming it and sparking urban regeneration by removing barriers to mobility and implementing sustainable green spaces in order to benefit the city and local community.
Location
Vigo city center, Spain.
Type Of Deal
Debt & Equity
Underlying Asset
Land
Underlying Asset Size
35,000 m2 of land
Underlying Strategy
Urban regeneration & development
Status
Ongoing
Transformative
Process
Process
Before
After
The Challenge
Carry out an urban upgrade through a sustainable mixed-use development that transforms an urban void into strategic public spaces that facilitate movement, stimulating the growth of commercial businesses and public services in the area while also benefiting the city as a whole.
The Approach
Dedicate 35% of the land to creating civic spaces, build a public parking lot, and a 5,000 m² new plaza with open sea views. Promote biodiversity, curb sources of pollution, making carbon neutrality a top priority. Improve mobility and accessibility by addressing gaps and barriers in public infrastructure. Preserve the area’s heritage by incorporating historic elements into the project.
The Outcome
First project in Europe to secure a LEED Neighbourhood Development v4 Platinum rating. Improved quality of life for the local community and the local ecosystem through new green spaces. Increased pedestrian accessibility through new roads, expanded sidewalks, new elevators to connect the city vertically, and new commercial hub stimulating new economic activity.
The
Asset
Asset
23,000 square meters in the heart of Vigo that for years has been underutilized and blocked accessibility.
Location
Located in the heart of Vigo, along the slope of Vigo’s historic Casco Vello neighborhood, which borders newer neighborhoods in the northwest area of the city. Well connected by public bus and with great pedestrian accessibility, it connects the city’s central attractions and enclaves.
Asset Size
23,000 m2 of land, with a buildable area of 36,000 m2 for residential space and 14,000 m2 for commercial space.
