The Ritz-Carlton Residences
Prime city-center asset located in Nisantasi, an upscale residential area in Istanbul that is also known for its bustling, high-end shopping and restaurant scenery.
As one of the first high-rises in Istanbul, the Valikonagi building was built by Dogan Tekeli-Sami Sisa architects in the 1970s.
Company owning the freehold property, Valikonagi A.S., was acquired by BLG in an off-market transaction in June 2014 for a 40,000 sqft redevelopment opportunity.
Tanju Ozelgin, who also designed the Soho House Istanbul, is the architect of the restoration project.
The redeveloped project will provide a significant supply of high-quality residential, office and retail areas in the highly demanded and sought-after Nisantasi neighborhood.
121 residential units including 6 Penthouse Triplexes with private pools and views of the Bosphorus and 8 Garden Duplexes.
Significant retail and office/studio areas on Valikonagi Street and Hakki Yeten Street sides.
Top-notch amenities including gym and spa areas, valet-parking, concierge services, outdoor kids park and an indoor pool.
In February 2019, BLG signed a licensing agreement with Ritz Carlton to brand the project as Ritz Carlton Residences Istanbul.
Construction has been completed and the operation has started. The Ritz-Carlton team is currently working on the sales of the residential units.
Dogan Tekeli-Sami Sisa Architects (1970)
Development Area: 40,000 SF
Sellable Area: 34,169 SF
Gym and spa areas, valet-parking, concierge services, outdoor kids park and an indoor pool