Juan Bravo Plaza super-lux flats in Madrid, developer fails

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This topic contains 4 replies, has 3 voices, and was last updated by Profile photo of Chopera Chopera 3 years, 6 months ago.

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  • #57532
    Profile photo of Anonymous
    Anonymous
    Participant

    Eurosazor Activos – the developer of the Juan Brava Plaza super luxury flats in Madrid, has gone into administration.

    This luxury development in Madrid’s “Golden Mile” was projected to have 60 apartments with prices starting at €2.5m, designed by star architect Rafael de la Hoz.

    Work stopped half way through 2012. Seems that there is no stomach for this kind of product any more.

    Reminds me of the Las Boas development by Life Marina Ibiza

  • #117125
    Profile photo of Chopera
    Chopera
    Participant

    Wow. I actually worked there – well I worked in an office that used to be there before it was razed to the ground in order to make way for Juan Bravo Plaza. Supposedly. We were kicked out 5 years ago (moved to another office nearby) and all that’s been done there since is the removal of our old office block. Now there’s just a big hole there with the underground car park and foundations in place. It is a fantastic location, one of the very best in Madrid. Would be interesting to see what happens to it now.

  • #117138
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    Although my main experience was in Moncloa and later close to Barrio Pilar, I did live for short times in a couple of digs close to Calle Juan Bravo – both near the Lista / Calle Francisco Silvera end though, not towards the Castellana. I never realise the street was viewed as a “Golden Mile” either, although as a boulevard it did lend itself to bar terrazas which appeal to many. If you ever use the Diego de Leon metro you quickly realise that one entrance (on Juan Bravo) is a huge distance from the other exits. This is a very convenient part of town for travellers – the intercambiador de Av de las Americas is a couple of hundred metres walk away. From there you can get the airport bus which is a lot better option than taking the metro imho.
    There is (or used to be) a great sports pub on the parallel street c/Maldonado, the Celtic Cross, run by a Scottish/Spanish couple.
    That whole area approaching the Castellana has a lot of cachet (being part of the Serrano element of Salamanca) and I believe some embassies are close by. But, it is a busy, expensive area, and not without a certain amount of sleaze. Reminds me a little of Mayfair.

  • #117141
    Profile photo of Anonymous
    Anonymous
    Participant

    Cool but sleazy. Sounds great 😉

    The axe will fall and someone will take the loss (lender and original equity investor, if any) but then someone will come along and do very well out if it. Same old same old.

  • #117145
    Profile photo of Chopera
    Chopera
    Participant

    @dbmarcos99 wrote:

    Although my main experience was in Moncloa and later close to Barrio Pilar, I did live for short times in a couple of digs close to Calle Juan Bravo – both near the Lista / Calle Francisco Silvera end though, not towards the Castellana. I never realise the street was viewed as a “Golden Mile” either, although as a boulevard it did lend itself to bar terrazas which appeal to many. If you ever use the Diego de Leon metro you quickly realise that one entrance (on Juan Bravo) is a huge distance from the other exits. This is a very convenient part of town for travellers – the intercambiador de Av de las Americas is a couple of hundred metres walk away. From there you can get the airport bus which is a lot better option than taking the metro imho.
    There is (or used to be) a great sports pub on the parallel street c/Maldonado, the Celtic Cross, run by a Scottish/Spanish couple.
    That whole area approaching the Castellana has a lot of cachet (being part of the Serrano element of Salamanca) and I believe some embassies are close by. But, it is a busy, expensive area, and not without a certain amount of sleaze. Reminds me a little of Mayfair.

    I think the “Golden Mile” is more or less the area between Serrano, Principe Vegara, Maria de Molina and the Retiro. Although I reckon the area next to the Retiro behind the Prado museum is even more exclusive. Been ages since I went to the Celtic Cross – not even sure if it’s still there.

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