The Rio de Janeiro city government has announced the sale of the iconic 22-story Joseph Gire building, also known as “A Noite” and back in the days the highest building in all of Latin America.
This historic building, with breathtaking views of Rio’s landmark Museum of Tomorrow, was previously home to the National Radio of Rio and the National Institute of Industrial Property (INPI).
A private investor purchased the property and planned to convert it into a residential building, housing 447 units, and three ground-floor stores.
The buyer, QOPP Incorporadora, emerged successful after four proposals were evaluated.
The group offered R$36 (US$7.7) million, in addition to 50% of the additional potential generated by the Reviver Centro rules, a plan for the urban, cultural, social, and economic recovery of Rio’s central region, estimated at over R$24 million.
Located in front of Guanabara Bay, the building offers a stunning view of the city, including the Dedo de Deus peak in Teresopolis.
Despite this, in recent years, the building has suffered neglect.
Historically, the building was a buzzing hub of cultural activity.
Starting in 1936, it housed the National Radio of Rio de Janeiro, whose broadcasts from the top four floors were graced by many popular Brazilian artists.
The radio station remained in operation until 2012 when it vacated the building for renovations.
The redevelopment project also includes public access to a rooftop terrace, with a prospective restaurant overlooking Maua Square, and a cultural center for National Radio.
The commencement of construction is expected in the second half of 2024.
The deal signifies a key moment in the revitalization of central Rio, with the building’s prime location expected to boost the already revived surroundings.