2023-10-18 09:56:58
The Little Athens neighborhood will include 1,115 new units in its first phase
Parkrise is the first residential building in the Little Athens neighborhood, designed by Bjarke Ingels Group, with a height of 50 meters in this complex that will include modern homes, green spaces, retail stores, offices, and hospitality facilities.
Athens – Yesser Company Lambda Real Estate Development Announcing the launch of “Little Athens”, the newest residential neighborhood in the Ellinikon Smart City project, the largest urban project to be built from the ground up in Athens. Thanks to the strong sales momentum witnessed by the residential offerings in the Ellinikon project, the Little Athens project will add approximately 1,115 new residential units to the sales market in its first phase. Little Athens will be created within the sustainable and smart urban ecosystem of Ellinikon City and represents a completely new residential style in Athens. This development is highlighted by the neighbourhood’s first residential building, a 50-metre-tall, Park Rise. It was designed by leading architectural group Bjarke Ingels.
Little Athens is located near the northwest coast of the city of Ellinikon. It is considered a new and vibrant neighborhood that not only embodies contemporary life, but also embraces the essence of Athenian life, as this neighborhood is distinguished by its designs completed by Greek and international architectural firms. Little Athens will offer all the benefits of the Ellinikon project, including parks, close access to the beach and a vibrant 24-hour community. The residences in Little Athens also include mixed-use buildings that include retail, offices, hospitality facilities, health and sports facilities, and restaurants. The system of shaded tunnels and private walkways provides direct access to everything the Ellinikon project has to offer within 15 minutes.
Residences at Little Athens range from 60 to 70 square metres, and include a variety of one- to five-bedroom apartments over 300 square metres. The buildings are also uniquely designed by well-known Greek firms with deep expertise in the landscape, history and local materials. Most of the buildings in the residential district will be 20 meters high, while a small group of unique buildings are available up to 50 meters high and overlooking the park and sea. The spaces are expected to attract interest from a comprehensive range of local and international buyers, whether they are looking for a primary home or A haven for holidays or even for expanding investments.
More information regarding the designers and subsequent phases of the Little Athens project will be revealed soon.
The Park Rise building is a masterpiece designed by Bjarke Ingels Group
The Park Rise building will represent a vital center in the Little Athens neighborhood, as the project was designed by the famous architecture firm BIG. The project will include 88 luxury residential units ranging from one to five bedrooms, divided across five main buildings: two of five floors, two of eight floors, and one building that will reach 12 floors.
The unique design of the project’s concave, curved façade is evident in reimagining the classic Greek column in an innovative way with a smooth geometric feature that added to the building a special aesthetic. The artistic style of the building was highlighted through flute-shaped designs on the vertical sides, with a focus on elegant finishes in the floors and surfaces to achieve a unique artistic balance. While the exterior facade of the building was distinguished by light white glass, to show the natural scenery that characterizes Park Rise through its charming location in Greece, which overlooks the Aegean Sea on one side and the mountains of Attica on the other side, the design is also surrounded by the natural beauty of the city park of Ellinikon and reflects the coastal charm of Athens.
The homes give a feeling of purity through the perfect balance between spatiality, sustainable modern simplicity and stunning panoramic views of the sea, gardens and mountains. The penthouse units are designed to provide the luxury of a private pool, while each unit features luxurious finishes that reflect the local culture and environment of the area. Oak wooden floors, neutral wall colors and the effective use of calm, clear glass create a sense of calm and comfort. The kitchens also maintain this natural aesthetic with sintered stone, luxurious porcelain countertops, and hardwood floors. The wooden beauty also adds a unique touch to the master bedroom, with wood panel flooring and facades. In addition, bathrooms feature large format ceramic tiles or natural stone, along with elegant fixtures made of bronze or glossy black chrome.
Amenities for residents include a range of state-of-the-art fitness facilities, including a 20-metre indoor swimming pool, which is surrounded by elegant stonework with indirect natural lighting. On the ground floor, residents can enjoy private gardens for contemplation and relaxation.
Master plan for the Elinicon project
The Ellinikon project is one of the largest and most ambitious urban renewal projects in the world. Located on an area of 6.2 million square meters on the grounds of the old international airport in Athens, Ellinikon City represents a master-planned, sustainable smart city that seeks to set new standards for resilient urban design, smart living and sustainable economic growth. The project will nearly double the green land areas in the Athens metropolitan area, while achieving significant economic development and enhancing environmental, social and institutional governance. Illinicon is a comprehensive city offering a diverse range of residential, commercial, leisure, educational and sporting services and facilities, making it one of the most innovative and diverse destinations in Europe for both locals and international visitors alike.
This project brings many pioneering elements to Greece, including:
“Ellinikon Park” is the largest coastal park in Europe with more than 2 million square meters of green space including more than a million trees and native plants. “Riviera Tower”, the first residential skyscraper and the tallest building in Greece, offers stunning garden and sea views, while providing a distinguished combination of green sustainability and distinctive design that previously obtained LEED v4 BD +C certification at the gold level. Riviera Galleria, a unique destination in Athens that includes international fashion houses, boutiques from leading designers and emerging brands, in addition to a variety of fine dining restaurants, and features a stunning view of the magnificent waterfront of the Athens Riviera – and has previously achieved LEED Gold certification. Vouliagmenis Mall Complex (VMC), extending over an area of 185,000 square metres, is the largest and most modern mall in Greece, offering a new approach to shopping, business and entertainment, and is the first mall in Greece to receive LEED Gold certification. Comprising 310 berths, the ‘Marina’ is the first luxury marina in Greece offering extensive berthing capacity for large yachts within the 3.5 km of developed coastal frontage. “Resilient and environmentally sustainable design”, characterized by a zero-carbon economy through the use of advanced energy conservation strategies and emission reduction systems, as the Ellinikon area will be self-sufficient in water and electricity consumption. “Distinctive smart features,” such as e-vehicle infrastructure, enhanced navigation, IoT in residential and commercial spaces, and smart water level sensors to enhance coastal resilience.
Along with the progress of the project’s construction work, the Elinicon project is receiving great attention from investors, consumers and the public. Millions of visitors continued to be welcomed for the first part of Ellinikon Park, which was handed over to the public. In addition, the Ellinikon Experimental Center – a unique and impressive visitor center that provides a preview of the future city of Ellinikon – has become an iconic destination in Athens.
Elenikon has partnered with some of the world’s most prominent creative minds, including Foster & Partners, Kengo Kuma & Co., Aidas, Sasami, and most recently with BIG Group, to work on the design, in addition to signing agreements and memorandums of understanding with famous global brands to join In addition to these efforts, it is noteworthy that the project is expected to create approximately 85 thousand jobs and generate significant revenues for the state, contributing significantly to Greece’s GDP.
The two main retail areas of Ellinikon will also combine recognized international brands with well-known local names giving a unique Greek flair to the shopping experience as a vital part of the new ecosystem. Riviera Galleria will feature design by Kengo Kuma & Partners, providing a unique lifestyle experience surrounded by cutting-edge architecture. While the Vouliagmenis Mall complex, which is the largest shopping center in Greece, will consist of a sophisticated commercial complex that includes stores as well as modern office space in a “hybrid shopping mall.” Agreement has already been reached on the main terms for approximately 57% of the retail and commercial areas (GLA) of the Vouliagmenis Mall complex and 36% of the Riviera Galleria, respectively.
Residential units in the city of Ellinikon are also in high demand, as these units are distinguished by their unique diversity that is unlike anything else in Greece. These spread out residential units include a variety of luxury, technology-enabled high-rise green units, as well as sea-view villas and contemporary residences surrounded by lush gardens. The demand for these units has seen unprecedented interest in Greece since their local launch, with the first residential products to hit the market sold with a total buyer commitment of €1.1 billion.
Other highlights of the development at Ellinikon include a mixed-use tower that includes a luxury hotel and branded residential units. In addition, the office tower located above Vouliagmenis Mall enjoys a distinguished position as a leading business destination in Athens, offering a collection of A+ level offices that are certified under the international environmental management rating system (LEED).
It is worth noting that the other two hotels, which will be developed in cooperation with TIMES, include the Marina Hotel, which will offer a luxurious lifestyle to visitors arriving via yacht, in addition to The Beach Hotel, which will be managed by the Mandarin Oriental Hotel, and which will combine quiet luxury, seclusion and the dynamics of the urban city of Athens on the Throughout the year.
Ellinikon City is also expected to be a global model for economic development and sustainable design, as it will open the door to a new era of life in smart cities and will contribute to meeting the urgent global need for comprehensive and environmentally conscious development, with a strong commitment to creating accessible green places and spaces.
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About Lambda Real Estate Development Company
Lambda Developments is a holding company listed on the main market of the Athens Stock Exchange (ATHEX), specializing in the development, investment and management of real estate. LAMDA Development Group has a leadership position in the large shopping and entertainment sector in Greece, and also has investments in residential and commercial building developments primarily in Greece and the countries of South-Eastern Europe.
The group’s investment portfolio includes four shopping and entertainment centres, including Mall of Athens, Golden Hall and Designer Outlet Athens in Athens, and Mediterranean Cosmos in Thessaloniki. In addition, the company owns commercial buildings, residential complexes, and marinas in Flisvos and Ellinikon.
Lambda Real Estate Development Company has implemented a comprehensive urban renewal of the Ellinikon Agassios Kosmas Metropolitan Poly complex, which includes the former Ellinikon Airport area and the coastal façade. This project is expected to be the largest private investment in Greece and one of the largest urban renewal projects in Europe, with the estimated investment budget of the project amounting to 8 billion euros, and the Latsis Group owns a majority stake in the company. www.lamdadev.com
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