Description
A prime urban asset located in Nişantaşı, one of Istanbul’s high-end residential areas, renowned for its vibrant, luxury shopping and dining scene. The Valikonağı building, one of the first high-rise buildings in Istanbul, was built in the 1970s by architects Doğan Tekeli and Sami Sisa. Valikonağı A.Ş., the freehold owner, acquired the 3,716 square meter redevelopment opportunity off-market through BLG in June 2014.
Tanju Özelgin, who also designed Soho House Istanbul, is the architect of the restoration project. The redeveloped project has become a key supplier of high-quality residential, office, and retail spaces in the highly sought-after Nişantaşı neighborhood.
It features 121 residential units, including six penthouse triplexes with Bosphorus views and private pools, as well as eight garden duplexes. Significant retail and office/studio spaces are available on Valikonağı Avenue and Hakkı Yeten Avenue.
Top-tier amenities include a gym and spa areas, valet parking, concierge services, an outdoor children’s park, and an indoor swimming pool.
In February 2019, BLG signed a licensing agreement with Ritz Carlton to brand the project as The Ritz Carlton Residences Istanbul. The construction has been completed, and operations have commenced.
