Business · Companies · 1 day ago
Developers target small sites for luxury apartments in São Paulo
Developers in São Paulo are building luxury apartment projects on small plots or on sites assembled from several properties.
Unacorp bought 15 houses near Avenida Faria Lima to create three plots in the upscale Itaim Bibi area.
Its first project, Lurie Itaim, will have 14 apartments, including homes larger than 200 square metres, as well as a pool and spa.
The company also plans wider pavements, planted areas and a boulevard along the street, and is waiting for city approval for projects on the other two plots.
Another developer, Bioma, built a 23-apartment tower on a site that had held a restaurant and a pet shop.
The approach lets developers use sites that may be too small or restricted for larger companies’ projects, while offering residents more space and shared amenities.
The remaining Unacorp projects are expected to be announced next year, according to its managing director.
Developers in São Paulo are building luxury apartment projects on small sites that larger companies often do not use.
Unacorp bought 15 houses near Avenida Faria Lima to assemble three sites of 1,000 square metres each.
Its first project, Lurie Itaim, will have 14 apartments in an eight-storey tower in the Itaim Bibi neighbourhood.
Bioma developed Casa Vertical Jardins on a 532.43-square-metre site in Jardim Paulista.
The projects combine relatively few apartments with amenities such as pools, spas and gyms.
- Who
- Unacorp and Bioma, property developers in São Paulo.
- What
- They are developing luxury apartment buildings on small sites.
- When
- Unacorp began prospecting for its sites in early 2024. The article was published on 10 October 2026.
- Where
- São Paulo, including the Itaim Bibi and Jardim Paulista neighbourhoods.
- Why
- The developers target small or restricted sites that larger companies may not use, building projects with fewer apartments.
This story does not have two clearly opposing sides.
We turned this obstacle into an opportunity.
It is an equation of added value, not scale.
Francisco Boni said he began prospecting for sites near Avenida Faria Lima.
Unacorp bought 15 houses to form three sites of 1,000 square metres each.
Bioma bought a restaurant and a pet shop to develop the Casa Vertical Jardins site.
Unacorp’s plans for its other two sites were awaiting approval from the city government.
- Lurie Itaim
- 14 apartments in an eight-storey tower
- Unacorp sites
- Three plots of 1,000 square metres each
- Unacorp investment
- Approximately R$75 million for development of the three sites
- Casa Vertical Jardins site
- 532.43 square metres
- Casa Vertical Jardins apartments
- 23 units, ranging from 59 to 296 square metres
Sources
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