RIZ Desarrollos Begins Construction of Porta 04 Monte Alto in Luque

Located on a strategic axis of Luque, the development begins its construction phase in a context of urban growth, new public investments and metropolitan connectivity.

Today, January 29th, RIZ Desarrollos held the groundbreaking ceremony for Porta 04 Monte Alto, its fourth real estate development in the country. The event was attended by clients, collaborators, advisors, and various stakeholders in the real estate sector. This groundbreaking marks the beginning of the construction phase for a project that aligns with the sustained growth of the residential market in the city of Luque.

Located on Monte Alto and Valdey Rivarola streets, just one block from General Aquino Avenue and a short distance from Ñu Guasu, Porta 04 occupies a strategic location that has seen significant recent growth in public and private infrastructure. The site directly benefits from the expansion of General Elizardo Aquino Avenue and Route D025, projects integrated into the Las Residentas Road Corridor, as well as the planned access routes to Nueva Colombia and the PY02 highway via San Bernardino, Areguá, and Ypacaraí. This road network forms part of the Structuring Access Road Network, an investment package exceeding US$441 million in Luque and its immediate surroundings, aimed at optimizing metropolitan traffic flow and supporting urban expansion.

In this context, Porta 04's location not only guarantees efficient connectivity with Asunción and the main cities of the metropolitan area, but also proximity to emerging hubs such as the CONMEBOL complex, the corporate district, the international airport, and a growing number of shopping centers, hotels, and educational institutions. It is an environment that supports both permanent residential use and investment schemes geared toward both short-term and traditional rental income.

The development will have a constructed area exceeding 16,000 square meters and will consist of 266 apartments distributed across a seven-story tower. The project offers five unit types defined according to market demand: studios starting at 30 m², Classic one-bedroom units of 38 m², PRO one-bedroom units of 39 m², and two-bedroom apartments of 60 m² and 65 m². All units include a balcony, prioritizing functional layouts and optimized spaces for residential use and for rental on platforms such as Booking.com or Airbnb.

With approximately 70% of the project already sold at the start of construction, the market response reflects the sustained interest in Luque and in compact, functional and well-located building types.

Regarding the common areas, the building incorporates an array of amenities aligned with typical standards for urban developments in this segment. The program includes a swimming pool with a sundeck, a fully equipped gym, a yoga space, a coworking area, a laundry room, recreational areas, and both indoor and outdoor barbecue areas. These areas are designed to support the building's daily use and maintain its appeal to the rental market.

In the facade and architectural design, the project includes a selection of materials and finishes geared towards durability, maintenance efficiency and preserving the value of the building over time, in line with the criteria applied by RIZ in all its developments.

In terms of pricing, units currently start at $38,400 cash, with in-house financing options of up to 10 years and the possibility of accessing bank financing. The estimated construction time is 26 months, with delivery expected in February 2028.

A key component of the project is the professional rental management by Zilo, which will optimize the operational management of the building and the rental units. This arrangement positions Porta 04 as a turnkey product, where the developer not only builds and delivers the property, but also supports the investor in the asset's management.

The development is being handled by RIZ Desarrollos, a firm with two completed projects, one currently under construction, and new launches planned for the near future. Their approach focuses on creating real estate assets designed to maintain value over time, integrating not only development and construction, but also after-sales services, rental management, and investor support throughout the project's lifecycle.

The construction is being carried out by Codas Vuyk, a company with over four decades of experience in the local market, recognized for its technical expertise and its contribution to the country's urban development. Their involvement provides additional assurance in terms of construction quality and predictability in the project's execution.

Within this framework, Porta 04 Monte Alto fits into RIZ's ongoing strategy, aligned with Luque's progressive growth and the consolidation of well-connected residential areas within the metropolitan region. The project thus joins a growing portfolio of mid-rise buildings that support the city's urban expansion, in a context of infrastructure improvements and sustained demand for housing geared towards both residential use and rental income.

For those who wish to learn more about the project and its sales terms, please complete the form at the end of this article. The Porta 04 development team will contact you directly to provide personalized information.