PAVILHÃO DO Arade, the new multipurpose event venue currently under construction alongside the River Arade in Parchal, Lagoa (see last week’s edition of The Resident), is to have three hotels and two business and shopping areas as ‘neighbours’, according to a report in Barlavento newspaper.
With the construction of Pavilhão do Arade, which will boast the largest stage (800sqm) in the Iberian Peninsula, there has been great interest in developing hotel and shopping projects nearby.
This particular area, which runs from the railway line at Mexilhoeira da Carregação up to the Castelo de São João do Arade in Ferragudo, is the subject of special planning orders. After approval, a planning document will allow hotels and shops to be built in the area, as well as buildings for businesses and services.
Lagoa Câmara is apparently in talks with landowners in the area, trying to persuade them to either invest or sell their land to those wishing to be involved in the project.
At least two shopping areas are planned, one close to Parchal and another in the area between Portimão’s old bridge and the railway bridge. Meanwhile, three hotels are foreseen to be built – one within the future marina, another on the site of the current Frito Velho factory alongside the marina, and a further one in the future shopping and services area to be situated between the two bridges.
There is also a rumour that Vialmar, owner of the Boca do Rio resort in Mexilhoeira da Carregação, is intending to acquire the old tinning factories in the Poente do Rio area in order to invest in the resort’s expansion.