New Construction Milestone Reached at €8 billion Development, The Ellinikon in Athens

(MENAFNEditorial) Europe’s largest urban regeneration project, The Ellinikon, located in Athens, has reached a significant construction milestone this month.

Riviera Tower, Greece’s tallest building and first skyscraper, has reached the halfway point of construction. Meaning that 25 floors are now completed, and the building stands at an impressive 113 metres high, halfway toward its final height of 200 metres. Completion is expected Q1 2026, as part of Phase 1 of the wider development.

Riviera Tower is setting a new benchmark for luxury, sustainability, and urban living in Greece. Offering 169 residences across 50 floors, including one-to-five-bedroom apartments and penthouses, all featuring sweeping views of the Athenian Riviera.

The Ellinikon is an ambitious €8 billion transformation of Athens’ former airport into Europe’s most ambitious smart coastal 15-minute city, by LAMDA Development. Upon completion, the development will create up to 80,000 employment opportunities and contribute 2.5% to the Greek GDP.

Stretching across 3.5 km of the Athenian Riviera, The Ellinikon will be home to the world’s largest coastal park (2M+ sq.m.), a 310-berth superyacht marina, 8,000 new homes, three luxury hotels (including Mandarin Oriental), and Europe’s largest shopping mall.

The master plan was designed by the internationally acclaimed architectural firm, Foster + Partners, the experts behind King Salman International Airport in Riyadh, Al Sa’ad Plaza Towers in Qatar, and the Zayed National Museum in Abu Dhabi. Other global architecture and design partners include Bjarke Ingels Group, Kengo Kuma, and Sasaki.

As global interest in cross-continental investments and lifestyle migration continues to grow, The Ellinikon stands as a bold blueprint for sustainable luxury living—and a compelling proposition for regional investors.

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