BNP Paribas Real Estate Property Development has announced a new residential development project in Milan, situated between Via Lamarmora and Via Orti and which will take the name ‘Horti, il segreto di Porta Romana’.
Following the purchase of a 14,600 m² site from the Università Cattolica del Sacro Cuore in October 2017 for circa €24m, BNP Paribas Real Estate Property Development will convert the area and build approximately 80 homes. Works will start in the first quarter of 2018 and are expected to complete in 2020.
The stand out feature of the project will be a central park, which will retain its historic characteristics and serve as a green lung in the heart of the urban area. With a surface of 10,000 m², the original layout will be preserved, with the addition of a number of trees and plants including Lebanon cedars and lindens, and a historic garden of around 2,000 m², which will be open to the public on specified days. The historic garden is inspired by the medieval concept of hortus conclusus, which was used for the cultivation of medicinal plants.
“Following the success of residential project ‘Mia-la casa italiana’ in Milan and ‘Domus Aventino’ in Rome, BNP Real Estate Property Development is delighted to invest in a new premium project in the heart of Milan, mending the urban fabric in an area which has been in disuse for years”, added Michele Latora, CEO of BNP Paribas Real Estate Property Development in Italy.
The interior design will be curated by Daniele Fiori, DFA Partners, who studied the identity of the surrounding area and decided to design around the the large garden as the heart of the project. The interior design of the three buildings – the Villa, Orti and Lamarmora – was conceived to create synergies between the different architectural styles.
BNP Paribas Real Estate Property Development will also develop access roads and the road network of Via Orti, which will include a full resurfacing, a modern revamp of existing car parking spaces and the creation of a new bike parking facility and green islands.
The business partners on the project are BNP Paribas Real Estate Advisory Italy s.p.a. and Sigest s.p.a
