R$ 320 Million Development in Icaraí Sells 70% of Units in Just Seven DaysPhoto by FRANCISCO matos on Pexels
Real EstateCoimbra

R$ 320 Million Development in Icaraí Sells 70% of Units in Just Seven Days

oglobo4 September 2026 at 11:00

Niterói's real estate market recorded outstanding performance with the launch of The Grove residential complex. Construction company Soter Engenharia reached the milestone of 70% of units sold in just seven days after the project's launch.

The high-end residential complex is located on Rua Miguel de Frias in Icaraí, a traditional neighborhood of the city. The General Sales Value (GSV) of the project is estimated at R$ 320 million.

The sales success demonstrates the strength of the real estate market in the Niterói region, attracting investors and buyers seeking high-end properties.

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