The Ellinikon Project: A Major Urban Regeneration Success in Europe

The Ellinikon project in Athens stands as Europe's most ambitious urban regeneration initiative, marking a transformative phase in the region's landscape. With the construction activities accelerating across more than 40 active sites, the project employs around 3,000 workers and 18 renowned contractors, showcasing LAMDA Development's commitment to realizing this visionary master plan along the Athenian Riviera.

Key Developments in Ellinikon

In late August 2025, LAMDA Development finalized a deal with ION Group for a groundbreaking partnership aimed at establishing a global research and innovation campus. This initiative will house approximately 2,000 professionals from 44 countries and will span a maximum developed area of around 250,000 square meters. The project includes substantial office and collaboration spaces, a 1,000-seat auditorium for international events, and extensive housing facilities for ION Group's staff. This collaboration not only marks the emergence of The Ellinikon Business District but also solidifies the area as a new European center for artificial intelligence (AI) and digitalization.

Additionally, the University of Nicosia's decision to open its first campus in Greece adds an educational dimension to Ellinikon. The UNIC Athens campus, integrated within the development, is planned to encompass 75,000 square meters designated for teaching, research, and student housing, emphasizing AI, robotics, and wellness technologies. The campus is expected to be completed in phases between 2028 and 2031.

Residential and Commercial Progress

Meanwhile, residential projects within Ellinikon are witnessing incredible momentum. The Riviera Tower, Greece's first skyscraper, has now reached 30 floors, signaling the halfway mark towards its final height of 200 meters. Upon completion, this 50-story tower will offer 173 living spaces, making it the tallest residential skyscraper in the Mediterranean.

In addition to the Riviera Tower, the launch of Skyline Havens marks the tenth residential offering at The Ellinikon, introducing 150 upscale residences with panoramic views of the Aegean Sea and Athens skyline. This new collection features apartments with double facades, spacious balconies, private pools, and access to exclusive resident amenities—creating an elevated lifestyle experience.

Moreover, Little Athens, a green district within the project, is steadily progressing with 1,115 residences and over 100 street-level stores. Unique residential designs, including Park Rise and Pavilion Terraces, showcase sustainable living in a vibrant community environment.

Retail Experiences at Ellinikon

On the retail front, Riviera Galleria is emerging as a luxurious seaside shopping destination designed by internationally acclaimed architect Kengo Kuma. This shopping haven will feature top Greek and international brands and fine dining options, all while providing breathtaking views of the Saronic Gulf. The construction is visibly progressing, with the first floor now apparent from Poseidonos Avenue.

Inland lies The Ellinikon Mall, poised to become Greece's largest and most advanced shopping center, attracting visitors with its hybrid and sustainable design. With a gross leasable area of 100,000 square meters, this innovative retail complex will blend indoor and outdoor experiences, accommodating shopping, leisure, and relaxation amidst natural beauty.

Future Facilities and Signature Landscapes

Plans are also underway for the Ellinikon Fitness Park, a state-of-the-art sports facility which will cater to all age groups and skills. Expected to open to the public by mid-2026, it will include multiple sports fields, an athletics track, and wellness infrastructures built to international standards.

A unique ecological feature is also taking shape: a 14,600 square meter lake in the heart of Ellinikon Park, set to transform a former Olympic canoe-kayak site into a vibrant green sanctuary. Surrounded by walking paths and bridges, the lake will be integrated into the landscape, supporting local biodiversity through the planting of over 11,000 trees and shrubs.

This transformation underscores the project's commitment to ecological renewal, intertwining nature, culture, and wellness into a new sustainable urban paradigm.

For more information about Ellinikon, check out The Ellinikon Official Site.