#Greece #Athens #Urban Regeneration #Ellinikon #LAMDA Development

The Ellinikon: Europe’s Urban Regeneration Project at Full Speed

The Ellinikon, Europe's largest urban regeneration initiative, is gaining significant momentum as it enters crucial development phases. Situated in the Athenian Riviera, this project features active construction across over 40 sites, employing around 3,000 workers and collaborating with 18 leading contractors. The vision of LAMDA Development for The Ellinikon takes innovative urban living to new heights, integrating a variety of residential, commercial, and recreational facilities.

Key Developments and Collaborations

Recent announcements highlight bold new developments, including a multi-million-dollar partnership with ION Group, a leader in financial technology, for a Research and Development campus at The Ellinikon. This global innovation hub aims to accommodate approximately 2,000 professionals from 44 different countries and will cover an area of around 250,000 square meters, complete with office spaces, collaborative areas, and residential units. This partnership aims to solidify The Ellinikon as a central point for AI and digital innovation in Europe.

Furthermore, the University of Nicosia is set to establish its first campus in Greece within The Ellinikon, intending to create a vibrant educational environment that focuses on AI, robotics, and wellness technologies. Over the next phases expected to conclude by 2028 and 2031, this academic addition will occupy around 75,000 square meters, providing ample space for learning and student accommodations.

Residential Offerings

The residential landscape at The Ellinikon continues to expand at an incredible pace. The development of the Riviera Tower, marked as Greece's tallest building, stands now at 30 stories, climbing towards a final height of 200 meters. Once completed, this 50-story skyscraper will feature 173 residences, positioning it as the tallest residential tower in the Mediterranean.

In conjunction with this, the launch of Skyline Havens introduces a new collection of 150 stylish residences strategically located in East Village, close to shopping centers and the metro line. Designed for high-quality living, these units offer generous balconies with sea views, private pools, and state-of-the-art amenities including fitness areas, outdoor pools, and concierge services.

Little Athens, the park-adjacent neighborhood, is also developing rapidly with unique residential projects such as Park Rise, Pavilion Terraces, and more, contributing a lively retail environment with more than 100 boutique shops.

Retail Renaissance

The Riviera Galleria is shaping up as a premium lifestyle center that seamlessly integrates retail with modern architectural design. Designed by renowned architect Kengo Kuma, this 23,000 square meter project is expected to attract high-end brands and gourmet dining experiences, all with stunning views of the Saronic Gulf.

Additionally, the larger Ellinikon shopping center, conceived by the award-winning studio Aedas, promises to be the most advanced retail destination in Greece and is set to redefine the shopping landscape of Southern Europe. Anticipating a blend of natural surroundings and innovative design, the shopping complex has already secured 64% of its leasing agreements.

A Focus on Well-being and Nature

Plans for the 287,000 square meter Ellinikon Sports Park are well underway, expected to open in mid-2026, offering sports facilities designed for all ages and abilities. This inclusive space will feature sports fields, tennis courts, and wellness infrastructure, catering to both recreational players and serious athletes alike.

Moreover, the upcoming lake at The Ellinikon Park marks a significant ecological initiative, aimed at supporting local biodiversity and providing recreational activities. This new 14,600 square meter landscape feature will not only beautify the area but will also serve as a crucial wildlife habitat and a natural water purifier, enhancing the park's appeal.

Conclusion

The Ellinikon project encapsulates a holistic approach to urban regeneration, merging innovation, sustainability, and community development within a cohesive framework. As construction progresses and partnerships flourish, The Ellinikon stands poised to transform the urban landscape of Athens dramatically, setting a new benchmark for living and working environments in Europe. For more updates, visit The Ellinikon website.