In February 2020, Hines, in joint venture with Blue Noble, invested in Florence’s historic Ex Teatro Comunale via the “Future Living” fund managed by Savills Investment Management SGR SpA. The project—one of the most significant regeneration initiatives in Florence’s historic center—has transformed the site into a high-quality residential complex with extensive amenities, the Teatro Luxury Apartments, including a wellness center with spa and fitness, dining options (including J Contemporary Japanese Restaurant), and underground parking. The plan enhances a landmark of Florence’s heritage and revitalizes the area with a new public square intended as a citywide destination.
Situated on Corso Italia near the Arno and Santa Maria Novella station, the asset benefits from a prime location and improved pedestrian and vehicular routes that foster social interaction and community value. Managed by Starhotels, a leader in luxury hospitality, the property offers over 150 units primarily for students, workers, and professionals—Italian and international—with flexible medium- to long-term rental options. The residences meet top international sustainability and energy-efficiency standards and aim for LEED Gold certification.
