In the southern suburbs of Athens, the Ellinikon Project is transforming the site of the former international airport into one of Europe’s most ambitious urban developments.
Spanning more than 6 million square meters with total investments exceeding €8 billion, Ellinikon is set to become a cutting-edge district featuring luxury residences, high-end hotels, retail hubs, public parks, a marina, and tech-driven business spaces.
Riviera Tower — Greece’s First Skyscraper
The centerpiece of the project is the Riviera Tower, a 200-meter-high residential skyscraper being developed by Lamda Development. It will be the tallest building in Greece, offering panoramic views over the Saronic Gulf and the vast green expanse of the Ellinikon Park.
Construction is expected to be completed by 2026, and sales of premium apartments in the tower have already begun.
A Coastal Smart City in the Making
Ellinikon will include:
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Smart, energy-efficient residential neighborhoods
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Europe’s largest coastal urban park
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Cultural, leisure, and shopping centers
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Innovation and business hubs
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Sports, wellness, and tourism infrastructure
The development is focused on sustainability, walkability, and high-quality urban living integrated with Athens' public transport network.
Why It Matters for Real Estate
The Ellinikon Project is reshaping the Greek real estate landscape:
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Property values are rising in southern Athens
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Demand for luxury residences and investment assets is growing
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Infrastructure upgrades are elevating the appeal of the entire Athens Riviera
Ellinikon positions southern Athens as a premier destination for foreign investors, affluent families, and Golden Visa participants (while the real estate route remains active).
If you are considering property investment in Greece, now is the perfect time to explore the Athens Riviera. The Grekodom team can help you identify the best opportunities in this rapidly developing market.
