Porto Montenegro launches new luxury residences on Adriatic Coast
Friday, July 31, 2020 10:42 AM
With a diverse selection of eateries, retailers and public spaces, Boka Place will also introduce 213 managed and private residences, ranging from studios to three-bedroom duplexes. Boka Place will also be home to the first Siro 360° Vitality Hub, a new fitness-infused hotel concept. Prices at Boka Place start from €190,000.
Porto Montenegro has epitomised Mediterranean sophistication since it first opened in 2006, boasting the Mediterranean’s largest marina, waterfront residences, luxury retailers, upscale dining and a year-round event schedule. Now a long-established and popular destination, the introduction of Boka Place will allow those interested in buying a home to do so at a more accessible price point, without compromising on quality and lifestyle.
Spread across five buildings, designed around a central square, Boka Place includes a mix of managed and private apartments, penthouses and duplexes, catering to the needs of a variety of purchasers. The homes, located at the entrance to Porto Montenegro, are built on a naturally elevated plateau, allowing for breath-taking panoramas across The Village, marina and to the picturesque waters of the bay beyond.
The key attraction of Boka Place will be Siro, a new an immersive urban lifestyle destination, inspired by vitality and wellbeing at the core of the guest experience. A new concept by Kerzner International, the leading international developer and operator of destination resorts, ultra-luxury hotels and residences and innovative entertainment, it will blend the boundaries between fitness, wellness and hospitality through fresh perspectives and engaging experiences that elevate, empower and energise guests through holistically transformative spaces and experiences.
144 of the residences at Boka Place will be managed by Siro, with unlimited access to the state-of-the-art fitness amenities including a wellness hub, 20m retractable pool, food lab, juice bar and infrared sauna. In line with Siro's philosophy, the apartments have been designed with wellbeing as a central concept featuring large open spaces, built-in stretching and exercising units, air purifiers, ergonomically-designed furnishings and sustainably neutral materials. Along with access to the Siro services and amenities, the managed element provides convenient property management and rental services aimed to suit second home owners.
Buyers of the managed residences’ will be eligible to participate in Montenegro’s Citizenship by Investment Programme, introduced in 2019. With a minimum investment of €450,000 and an additional €100,000 donation to a Montenegrin government development fund, successful applicants will be granted full citizenship within six months of applying.
There are also 69 private residences as part of Boka Place, designed to suit buyers looking to move permanently. These homes also benefit from exclusive access to an exquisite infinity pool and secluded gardens. The interiors have been designed to maximise the natural daylight to create a tranquil, understated atmosphere. Buyers can fit and decorate themselves or purchase a fittings and furniture packages. The private residences also offer the opportunity to join the M-Residences Programme, Porto Montenegro’s hassle-free management services.
Boka Place will further elevate the community atmosphere of Porto Montenegro. The central square will be a convivial hub of well-loved eateries and year-round activities including a weekend market and the surrounding shopping galleries will feature a new concept market and food hall, a three-screen experience cinema and a collection of popular fashion and convenience retail brands. Boka Place will also cater to families with an indoor climbing wall, kids’ play areas and a diverse events programme.
David Margason, the General Manager of Porto Montenegro, comments: “Boka Place is an exciting new milestone within the Porto Montenegro development which is reinventing the idea of waterfront living by bringing people from all over the world who are united in their desire to live a life less ordinary.
We designed Boka Place as a direct response to the needs of interested buyers. It provides a more affordable alternative for discerning buyers who want to be a part of the Porto Montenegro community without having to compromise on quality or amenities.
Buying a managed residence at Boka Place gives also the rare and exciting chance to participate in the scheme and gain Montenegrin citizenship. The Montenegrin passport allows free movement across 123 countries and with the country’s planned EU accession by 2025, the holder is eligible to a host of additional benefits.
We are also thrilled to be home to the first Siro 360° Vitality Hub, created in response to the global growth of the wellness sector and the increasing importance of personal wellbeing.”
Porto Montenegro is just four kilometres away from Tivat Airport, which operates several flights daily to major European cities.