Insider report: Reconstruction of Athens Riviera project on track
The reconstruction of the wider Athens coastal front, or “Athens Riviera“, is on track based on four pillars that will turn the area into a luxury seaside front.
According to Insider.gr, the reconstructed coastal front will boast several international luxury hotel and resort chains, such as One & Only, Ritz-Carlton, Four Seasons, Waldorf Astoria, Fairmont Hotels & Resorts, Mandarin Oriental and Autograph Collection.
The four pillars of the reconstruction project are the areas of the Asteras of Vouliagmeni, the Stars of Glyfada, the Hellinikon project and the Faliro Bay. The project will benefit not only the residents of the seaside neighborhoods but the Greek economy as a whole.
The first two projects that are to be concluded soon are, the Four Seasons chain in the Asteras of Vouliagmeni resort, and the reopening of the Stars of Glyfada resort, both scheduled to be operational by the summer of 2019.
Asteras of Vouliagmeni
The €600 million overall renovation of the hotel complex is progressing very fast, as its approval by the Greek State has already been signed.
The project of redevelopment of the region is expected to begin over the next few weeks and with an initial investment of €100 million. The plan includes the renovation of two of the three existing hotel facilities and their reopening as Four Seasons Astir Palace Hotel Athens.
The complex will include two luxury hotels, the “Nafsika” with 110 rooms and 22 suites and the “Arion” with 102 rooms and 20 suites. Also, the existing 58 bungalows of Asteras will be fully renovated.
The investors’ plan also includes the construction of 13 seaside luxury villas as well as the upgrading of the Vouliagmeni marina.
The Stars of Glyfada
The 258 acres of the Stars of Glyfada leased until 2042 by Grivalia Hospitality, a subsidiary of Grivalia Properties, are to become a luxurious city resort as well.
Even though the company has not yet fully disclosed its plans, it is expected to revive the renowned “Asteria Hotel”, with a clear reference to the glorious past of the historic hotel.
The investment will create about 1,000 new jobs and will literally transform the site of the former Stars of Glyfada. The luxury hotel complex will include swimming pools, villas, spa and a conference hall for 600 people.
Hellinikon
The biggest of the four projects and one of the largest in Europe; the area of the former Athens airport at Hellinikon, will actually be transformed into a luxury city. Following the recent approval by the Council of State, the joint venture under Lamda Development that has undertaken the project includes: Metropolitan Park, luxury hotels, casinos, office space, shopping centers and residences.
The project will progress gradually in three phases. The first phase, which will require approximately five years, includes the reconstruction of the Saint Kosmas coastal zone and the formation of at least 45 percent of the Metropolitan Park. In particular, port works, transport infrastructure, streamlining and communal spaces will be implemented.
The most significant interference in the Metropolitan Park road network is the displacement of the 1.400 meter long axis, with the underground span of approximately 1.100 meters of the seaside Poseidonos Avenue.
In the second part of the first phase of the project, which is expected to last from the sixth to the tenth year of the development, the projects focus on the development of uses related to Tourism and Recreation. During this period, an integrated 5-star tourist complex which will include additional conference and casino facilities. A high-rise 4-star hotel building is to be raised in the area of Vouliagmenis Avenue. Finally, a 4-star hotel will be built next to the Metropolitan Park.
During the second phase of development (11 to 15 years), the procedure includes the construction of commercial activities such as: offices, administration, retail stores, educational and research centers. Moreover, facilities to promote medical tourism are included in long term plans.
During the third phase (16 to 25 years), the planned developments are related to complementary developments in the commercial activities of the second phase, such as more offices, retail stores, entertainment centers as well as educational and research centers.
Faliro Bay
The redevelopment of Faliro Bay will not only solve the major flooding problems the area is facing, but it will also connect the center of the capital with its coastal front.
The 800-acre area along a coastline of nearly 2 km. includes the coastal zone around the urban areas of Moschato, Kallithea and Palaio Faliro, from the estuary of Kifissos River to the Palaio Faliro Municipal Sports Center.
The construction includes a “dry” canal, parallel to the new avenue and 35 meters wide, which will receive the rain waters of the surrounding neighborhoods. Also, ducts with bidirectional flow direction will operate, both to draw water from the sea and to “clean” the bed from stagnant waters and to absorb the rains.
Finally, a coastal grove of 3,500 trees and more than 200,000 shrubs will be planted.
Read more here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: WeatherExtremes License: CC-BY-SA
Source: greekreporter.com
- 1) Greek FM talks with Kuwaiti counterpart on bilateral relations, regional cooperation
- 2) Thessaloniki Port: Performance growth for 2023 with record container throughput
- 3) LAMDA Development malls and marinas reach new record high
- 4) IOBE: Construction sector in Greece records robust growth and good prospects
25/04 22:00
Greek FM talks with Kuwaiti counterpart on bilateral relations, regional cooperation
25/04 14:49
Prices of products in Easter Basket the same or lower in Greece than in 2023
25/04 13:57
25/04 12:44
Greece and China to ink cooperation protocols in the fisheries sector
25/04 09:53
Extended shop opening hours for Easter in Greece start on Thursday
25/04 02:19
Athens Airport voted as the best in marketing strategy at European awards in Denmark
25/04 02:10
President of Hellenic Republic visits La Chascona Museum in visit to Chile
24/04 21:31
Thirty-one Greek political parties to take part in European Parliament elections
24/04 21:25
Payment by bank cards now accepted on Athens Airport Express bus lines
24/04 14:12
Herculaneum papyri unveil more than location of Plato's tomb in Athens
23/04 23:52
Greece’s New Ambassador to the United States visits Queens in New York
23/04 21:49
Traffic regulations in Athens due to the Olympic Torch Relay on Thursday-Friday
23/04 20:59
President of Hellenic Republic wraps up visit to Uruguay at parliament
23/04 15:44
Greek government will pass legislation halving commission paid for POS transactions
23/04 15:03
Precise location of Plato's burial site unveiled by ancient papyrus
22/04 22:33
'Nature Positive' peport highlights new collaborative era in travel & tourism
22/04 21:25
22/04 20:37
Greek and Turkish delegations discuss Confidence Building Measures for 2024
22/04 18:29
Over 114,000 Greek Diaspora citizens register to vote by post in the European elections
22/04 13:40
19/04 01:29
Athens State Orchestra presents 'St. Matthew's Passion' by Bach on April 30th
18/04 21:49
Greek Climate Change Minister signs memorandum for Attica fire protection zones
18/04 20:32
'Easter Basket' and 'Godparents basket' to be put into effect next week in Greece
18/04 20:17
18/04 17:40
17/04 21:06
Thessaloniki Port: Performance growth for 2023 with record container throughput
17/04 20:57
Traffic regulations imposed in Athens for the 41st Peace Marathon on Sunday
17/04 20:52
17/04 18:15
Greek Foreign Minister addresses the 9th Our Ocean Conference in Athens
17/04 17:12
16/04 21:02
NHM hosts the Trial of Pericles at the Harris Theater in Chicago on April 17
16/04 20:17
Greece will invest $830 million to protect marine biodiversity
16/04 01:46
New York Greek Independence Parade honors 1821 and solemn Cyprus Anniversary
16/04 01:35
Olympic Games Paris 2024: Olympic Flame to be lit at Ancient Olympia in Greece
16/04 00:29
European Committee of Regions and UN release study on Rural Tourism
15/04 20:41
15/04 19:58
Minister: Greece is transforming into a hub for exporting quality agri-food products
15/04 18:51
Greek Environment Minister meets Chinese Deputy Minister of Natural Resources
13/04 00:13
UN Tourism and Croatia to launch Research Centre for Sustainable Tourism
12/04 00:03
2024 marks a critical year in the enduring strength of Greek-German relations
12/04 00:00
11/04 22:07
Ambassador: US committed to upgrade of Greek military and support NATO's SE flank
11/04 19:40
Hellenic Pride on display at rainy Chicago Greek Independence Day Parade
11/04 02:06
Delphi Economic Forum IX: Energy collaboration a 'key' in Greek-Bulgarian relations
11/04 01:58
UN Tourism launches investment guidelines for Albania sector
10/04 19:01
Greek FinMin: New package of economic measures in 2025 to lower taxes, raise pensions
10/04 18:25
Greek city of Nafplion hosts Mediterranean Yacht Show for ninth year running
09/04 23:57
Greek PM on Tilos: Innovative projects for a cyclical economy are of key significance
09/04 23:55
UN Tourism members promote agenda for Europe as region leads global recovery
09/04 23:46
HFS presents 1968, Rousing Docudrama about Greece’s First European Cup April 21
09/04 22:48
Stolen 7th-century BC oenochoe returned to Greece by Hanover museum, municipality
09/04 22:42
Greek civil servants confederation ADEDY to strike on May 21
09/04 21:55
Greek Migration Minister meets Senior US Coordinator for Lawful Migration
08/04 23:48
08/04 23:41
Elliniko-Argyroupoli Mayor marches in Greek Independence Philadelphia Parade
08/04 21:53
Project Voria casino complex in Maroussi moving ahead after environmental report
08/04 21:36
Minister: Up to 120 delegations to take part in 9th Our Ocean Conference in Athens
08/04 19:22
Direct flight from Shanghai to Athens offers access to key tourism market for Greece
08/04 18:31
AI conference to attract distinguished speakers to Thessaloniki on April 25-27
04/04 23:28
City of San Jose marks March 25 with 16th Annual Greek Flag Raising Event
04/04 22:16
Urban plans published for seven townships in Thessaloniki and Attica of Greece
04/04 17:24
FinMin: The new EU economic and fiscal framework is good for Greece
04/04 15:30
Greek PM meets with the chiefs of the international pharmaceutical manufacturers
04/04 00:15
Deputy Minister for Macedonia-Thrace meets US Embassy Deputy Mission Chief
03/04 20:12
Syracuse AHEPA Chapter 37 marks March 25th Greek Independence Day
03/04 18:10
Greece's Delphi Economic Forum on April 10-13 to focus on 'The Great Transition'
03/04 16:42
Minister: Industrial production has returned to the pre-crisis levels in Greece
02/04 18:06
30/03 23:21
Eleni Gatzoyiannis scholarship offered to Greek students at Boston University
29/03 16:44
3rd edition of 'This is Athens - City Festival' with 250+ events from May 1 until June 2
29/03 15:53
Athens Metro station Aghia Varvara to stay closed on Saturday and Sunday
29/03 13:55
Greek Foreign Minister for Economic Diplomacy concludes visit to Montenegro
29/03 12:00
29/03 11:51
28/03 18:41
Attica Region to channel 640 bln euros to services of vulnerable and disadvantaged groups
28/03 17:32
Greece to auction three-month T-bills on April 3, 2024 in a book entry form
28/03 15:46
Greece's Meteora Pyli Geopark added to UNESCO Global Geoparks network
28/03 14:44
IPTO announces framework agreement tender for undersea power cables in Greece
28/03 11:49
IOBE: Construction sector in Greece records robust growth and good prospects
26/03 23:51
St. Thomas Hellenic School honors 1821 and the Feast of the Annunciation in NJ
26/03 21:59
PM at Economic Club of Canada: Greece is an attractive investment destination
26/03 17:56
Greek State budget primary balance reaches a surplus of 3,378 million euros
26/03 11:45
Ancient Messene to get upgraded visitors' facilities after approval by Council
23/03 17:43
New requirements for 'Golden Visa' program to kick in on March 31
23/03 16:49
Athenians continue to head out of the Greek Capital for March 25 long weekend
23/03 16:47
Greek Parliament lights to be turned off for Earth Hour 8:30-9:30 pm
22/03 21:54
US President on Greek Independence Day: Alliance with Greece stronger than ever
22/03 19:51
High diplomacy and geopolitics at Delphi Economic Forum IX in Greece
22/03 19:32
Tax authorities enable payments with foreign bank cards in Greece
22/03 14:19
22/03 00:24
Greece ranks first on list of countries with fastest business environment progress
22/03 00:02
Hellenic Police acquires first electric VAN-type highway patrol vehicle
21/03 22:41
21/03 15:33
Unseen Museum presents "The stele of the twin babies" exhibition in Athens
20/03 22:48
Health Minister: 95% of Greek hospitals to perform afternoon surgeries
20/03 21:52
Greek Deputy Minister of Justice meets delegation from US Embassy in Athens
20/03 21:44
Greek Interior Minister to visit United States and Canada on postal vote
20/03 20:55
Philadelphia Icarians mark 85th Anniversary and organize Apokriatiko Dance
20/03 18:01
Development Minister: We continue the battle against high prices in Greece
19/03 22:28
President of the Hellenic Republic meets her Ethiopian counterpart in Athens
Greek FM talks with Kuwaiti counterpart on bilateral relations, regional cooperation
Herculaneum papyri unveil more than location of Plato's tomb in Athens
Greece and China to ink cooperation protocols in the fisheries sector
Prices of products in Easter Basket the same or lower in Greece than in 2023
Extended shop opening hours for Easter in Greece start on Thursday
Athens Airport voted as the best in marketing strategy at European awards in Denmark
Thirty-one Greek political parties to take part in European Parliament elections
President of Hellenic Republic visits La Chascona Museum in visit to Chile
Payment by bank cards now accepted on Athens Airport Express bus lines
Precise location of Plato's burial site unveiled by ancient papyrus
Prescription cannabis for medicinal use legally available in Greece for the first time
Traffic regulations in Athens due to the Olympic Torch Relay on Thursday-Friday
Flights to and from Heraklion airport in Crete resume on Saturday
3-year stay and work permits approved for 30,000 undocumented migrants in Greece
Greek Health Minister: Increase of vaccinations a top priority for the government
Bard Gemini Pro, Google's largest AI model, now available in Greece
Greek supermarkets record rise in value and decline in volume of FMCG sales
Greece’s New Ambassador to the United States visits Queens in New York
Deadline to file taxes is extended in Greece to July 31 by Finance Ministry
New requirements for 'Golden Visa' program to kick in on March 31
President of Hellenic Republic wraps up visit to Uruguay at parliament
Bill lifting restrictions for Greeks voting from abroad greenlighted by majority vote
World Taste Atlas: Greek cuisine is the second best on the planet