José Abascal 48, Madrid – Luxury Living in the Heart of the City

The vibrant Calle José Abascal has, for many years, been one of Madrid’s most prestigious and important streets. The street is currently attracting attention due to the extraordinary New Development of José Abascal 48, a project which has seen the entire renovation of the building resulting in seventeen stunning residences, including three penthouses.

Calle José Abascal is situated in Almagro, an area known for its residential feel and beautiful historical architecture. The street is adjacent to the Paseo de la Castellana, a long, wide avenue that dissects the heart of the city. Calle José Abascal is home to many exclusive restaurants, hotels and gyms, and in the surrounding area you will find 5 star luxury hotels, beautiful museums and boutique shops. From a business point of view, Almagro is also very fortunately located as it is just a stone’s throw from the reputable IE Business school, plus many global firms have based their headquarters along Paseo de la Castellana.

The José Abascal 48 project has been developed by the Shaftesbury Asset Management Group.

“The José Abascal 48 project began 24 months ago, in which Shaftesbury Management had to play both a technical and commercial coordination role. We chose the best technicians in the development of the project. We chose very good architects because it is built in an area that we believe will become Madrid’s residential future. It is a luxury project.”

Frédéric Mangeant, Shaftesbury Asset Management Group

The whole project has been carried out with the upmost care and respect for the building. The Bourgeois façade of the last century has been carefully restored in a way that maintains its original design. The entrance hall acts as a grand opening to the many other treasures that can be found inside. The ground floor offers an elegant stairway and a large lobby which maximises natural light and doubles up as a function room. Beyond the lobby is the gymnasium, Jacuzzi, sauna and spa, all of which have been designed in a contemporary style to match the rest of the project.

The project was designed by established architect Julio Touza, who boasts extensive experience in the restoration of historic buildings, both within Spain and beyond.

“The building has had its magnificent façade restored. The interior has been completely renovated, with exceptionally high quality finishes and completely new installations, providing comfort and quality rarely seen in recent developments in the city. José Abascal 48 has put much emphasis not only on the architectural aspect but also on the interior design.”

Julio Touza, Touza Arquitectos

Of the seventeen units available, there are twelve 4-bedroom units which all have ensuite bathrooms. Currently five of these units have been reserved. There are also two 1-bedroom apartments on the first floor, which are miniature versions of the larger units. Each of these units come with 2 parking spaces.

The penthouses range from 3 to 5-bedroom and each come with 4 parking spaces included in the price. The penthouses all have their own private outdoor terraces with breathtaking views of the city. One of these units is a duplex and the other two occupy the top floor.

Each of the units has been completed to an extremely high specification, and an example of the decoration potential for these properties can be demonstrated in the show apartment. The properties boast private lift access, fully equipped kitchens and high-end appliances. The materials throughout are of an excellent quality, with natural wooden floors and immaculate bathroom fittings, all from well-known brands.

“The interiors of these exceptional apartments have been designed in such a way to maximise practicality and comfort for their owners. We find ourselves in a property where every attention to detail has been thought out, enhancing the experience of luxury.”

Rod Jamieson, Lucas Fox Director of Sales & Operations, Barcelona & Madrid

So who is likely to invest in such a project? Madrid usually sees a mixture of national and international buyers, and the need for quality is something that transcends nations. More recently, the city has seen an increase in the number of Latin American buyers seeking luxury properties. The profile of a José Abascal 48 buyer is likely to be someone who appreciates quality, comfort and modernity in a charming surrounding. The project is ideal for professionals, families or investors who are looking for a unique investment opportunity.

For more information view the development on the Lucas Fox website