1. The challenge — Setting the context
The stories of LIV Graça and Capa Concepts are closely intertwined, as this was our first project, launched in partnership with Costa Andrade and Dona Empreendimentos. And it could hardly have been otherwise: it was bold.
Salvador’s property market was facing a challenging period. The city was dealing with the aftermath of a real estate boom, with a large inventory of unsold units and significant barriers to launching new developments. Following a wave of projects by major publicly listed developers that had invested in the city, the market had become cautious and subdued, while buyers were increasingly demanding.
Yet adversity did not deter us. On the contrary, the lack of new launches and the market’s scepticism encouraged us to innovate. Our mission was to launch a genuinely distinctive contemporary product on a small, 900-square-metre site — one that would appeal both as a home and as an investment.
We needed to introduce a new approach that combined distinctive architecture, aesthetic sophistication and product intelligence within Graça, an established neighbourhood that still lacked boutique developments offering personalised experiences centred on style, design and exclusivity.