Lamda Development, the company behind the mega-Ellinikon project to go up at the former Athens airport on the city’s southern coast, will invest more than 600 million euros in the creation of a new state-of-the-art commercial and business center.
Plans for the Ellinikon Commercial Hub presented this week include establishing it into a new retail destination for Athens complete with art venues, leisure, entertainment and recreational facilities.
“The Ellinikon Commercial Hub is a destination of the future, which in a few years will be the most modern commercial and business hub of the country,” said Lamda Development CEO, Odisseas Athanassiou.
The project will be constructed along Vouliagmenis Ave and will include such innovations as interactive walls and shop displays that will welcome visitors with personalized messages as well as hands-free shopping at a next-generation “hybrid mall”.
“We’ve proceeded with a hybrid design for the new shopping center with open and closed spaces, taking into account our country’s climate and will host big brands from Greece and abroad,” said Athanassiou.
The 185,000m2 hub will be easily accessible by tram, bus and metro.
The Ellinikon Commercial Hub will also include a commercial park in a 30,000m2 area to be developed in cooperation with Greek group of companies Fourlis and will host brand names such as ΙΚΕΑ and Intersport, as well as a business area to host bank offices.
Meanwhile, the 150-meter mixed use high-rise will host hotels, offices and apartments.
“Ellinikon commercial hub will be an attraction for the residents and visitors of the city, Greeks and foreigners, and of course, for the 1 million tourists who will visit Ellinikon every year,” said Athanassiou.
At the same time, Lamda aims to set the example creating a model of sustainable development using the latest technologies and smart green solutions for homes and offices aiming to minimize the environmental footprint.
London-based architectural firm Aedas has designed the Ellinikon Commercial Hub.
Ellinikon, considered the largest greenfield urban infrastructure development investment in Europe, is the largest privately-funded investment to be carried out in Greece, budgeted at roughly 8 billion euros and set to create more than 75,000 jobs.
Works on the project, set to breathe new life into the Athenian Riviera, are expected to last for five years.