The permit for Greece’s first-ever skyscraper has been issued on Wednesday.
Speaking with Skai TV, Greece’s minister for Development and Investments, Adonis Georgiadis, said construction of the 200-metre ‘The Riviera Tower’ is expected to begin in a few weeks.
The Riviera Tower, which will be the tallest building in Greece, will be erected by Lamda Development as part of its $11.5 bn (AUD) ‘The Ellinikon’ development.
The Ellinikon is a planned city of 2.3 square miles on the outskirts of Athens situated between Mount Hymettus and the beaches of the Athenian Riviera.
The project takes its name from the former Hellinikon Airport on which it is located and will see the former international airfield transformed into several distinct communities, each with its own character.
Construction began in July last year, with Prime Minister Kyriakos Mitsotakis at the time hailing it “possibly the largest project in the Mediterranean.”
The entire development is expected to be twice the size of New York’s Central Park and three times the size of Monaco, with the first phase set for completion in 2026.
The Ellinikon is expected to bring a much-needed boost to Greece’s economy, with Lamda anticipating the development will provide 75,000 jobs and contribute 2.5% to Greece’s GDP.
