The former Beira-Mar Pavilion in the center of Aveiro will be reconstructed as a building offering 12 luxury apartments through a €5m investment by a private Portuguese-American family. Work has gotten underway and is expected to be completed in 2018. The investor behind the current real estate project is Santos Mártires, Lda, a company belonging to a Portuguese emigrant now residing in the United States. Designed by architect Ricardo Aveiro Vieira de Melo, the building includes 12 apartments spread over three floors. In addition to the area it occupies (2,750 sqm), it will also offer underground parking, a pool, gym and a sauna.