REAL ESTATE – INVESTMENT – MARBELLA WOHNEN – The project to build another three 23-storey towers on the west coast of Malaga advances
The project to build another three 23-storey towers on the west coast of Malaga advances
The Junta de Andalucía activates the strategic environmental evaluation of the planning. The sector allows a maximum of 444 homes, as well as hotel and tertiary use.
Malaga’s town hall
The final transformation of the west coast of Malaga is in full swing. The construction already underway of three 21-storey buildings in Torre del Río, in collaboration with Metrovacesa and Sierra Blanca; In addition to the key development of La Térmica, whose promoters seek to overcome Costas’ objections, the activation of another of the sector’s strategic plots is now added: Nereo.
The current urban planning allows a buildable roof of 71,596 square meters. Of these, 32,582 are for free residential use, to which must be added another 13,964 for official protection. All this allows the execution of a maximum of 444 homes. But they are not the only authorized uses, since there are 25,050 tertiary and productive square meters.
One of the particularities of the intervention is that a good part of this development is to materialize in three 23-story towers. Of these, two would be reserved for 210 homes (105 each), while the third would have mixed use. One of the possibilities happens because ten of the floors are occupied by apartments, while the rest would be hotels.
Almost 15 months after the Malaga City Council approved the advance planning of this space, the operation takes a new step forward. And it does so with the implementation of the simplified strategic environmental assessment to which it must be submitted.
The proposal, presented to the Delegation of Environmental Sustainability of the Junta de Andalucía at the beginning of last November, has been admitted for processing by the autonomous entity, which allows the study machinery to be launched.
“The impulse of this sector comes to complete the development of the entire coastline,” said the Councilor for Land Planning, Raúl López, in October 2021, underlining the value that the Casona del Parque places on this intervention.
Despite the fact that the Urban Planning Department initially viewed with good eyes raising the heights of the towers to 27, reducing them from three to two, the latest technical analysis advice follows the script drawn up by private developers in the sector.
The environmental milestone that has now been activated is essential for the definitive unlocking of a plan that has been dragging on for years and for completing the final configuration of the west coast of the capital of the Costa del Sol.
In fact, the Nereo developments, pending processing, and Torre del Río, already under construction, will generate a seafront for the city radically different from the current one and featuring six buildings up to 73 meters high. All of these properties will accommodate some 1,500 homes, most of them on the free market, as well as reserves for hotel and office spaces.
The circumstance arises that Urbanism plans to approve in its next board of directors the specifications that will serve as the basis for the auction of the uses that it has in Torre del Río and that allow the materialization of an 11-story block for a hotel or for offices. The alienation, according to municipal calculations, can report a minimum income to the municipal coffers above 8 million euros.
The circumstance arises that Urbanism plans to approve in its next board of directors the specifications that will serve as the basis for the auction of the uses that it has in Torre del Río and that allow the materialization of an 11-story block for a hotel or for offices. The alienation, according to municipal calculations, can report a minimum income to the municipal coffers above 8 million euros.
- They propose lowering the height of La Térmica, the great project on the Malaga coast, to overcome the objections of Costas
- The transformation of the west coast of Malaga: five towers to break in height
- The Tower of Babel in Malaga: this is how buyers of luxury apartments on the west coast are
- Malaga finalizes the auction of a large bag of land on the west coast: 11 hotel or office floors
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